GCBC finishes strong Q3 with 43 fundings
Gulf Coast Business Credit (“GCBC”) had a great third quarter, closing 43 new Accounts Receivable Factoring and Asset Based Lending (ABL) deals. Amongst the new deals funded were a $4,000,000 working capital facility to a Louisiana based staffing company, a $300,000 working capital facility to a Texas based manufacturing company and a $200,000 working capital facility to a California based transportation company.
Gulf Coast Business Credit Welcomes 2019 Summer Interns!
Gulf Coast Business Credit (“GCBC”), the working capital finance division of Gulf Coast Bank & Trust (“GCB”), is pleased to announce its new team of interns for summer 2019. GCBC offers interns hands-on training in finance, sales/marketing, accounting and underwriting. Meg Roberson, GCBC’s Senior Vice President noted, “We are thrilled to welcome Lacey Bohanan, Kyle Hladky, Will Huber, Mike Mondragon and Sam Wheeler to GCBC. Our internship program is critical to our talent recruiting as we seek to hire and foster the next generation of GCB leaders.”
What is Temporary Staffing Factoring and How Does it Work?
All temporary staffing agencies need access to working capital in order to consistently make payroll. And for staffing companies experiencing growth, the importance of reliable access to cash is even greater. This is why many temporary staffing agencies finance their payroll through factoring companies.
GCBC Hires Vincent Miller as Credit Analyst/Underwriter
Gulf Coast Business Credit (“GCBC”) has experienced impressive growth over the first half of 2018. This not only applies to portfolio growth, but also to the size of the underwriting team. For the second time in 2018, a new Credit Analyst/Underwriter has been added to the team! GCBC is proud to welcome Vincent (“Vince”) Miller as a Credit Analyst/Underwriter for its Austin, Texas location.
Gulf Coast Business Credit Hires Aaron Renaud as New Underwriter
Austin, TX - Gulf Coast Business Credit (“GCBC”), a nationwide provider of accounts receivable finance and asset based lending, is pleased to announce the recent hiring of Aaron Renaud as Underwriter in their Austin, TX location. “We are excited and feel fortunate to welcome Mr. Renaud to the GCBC team. Aaron will play a key role to support recent portfolio acquisition and continued organic growth,” said Meg Roberson, GCBC’s National Sales Manager.
GCBC TO ATTEND ACG “HOT INDUSTRY PANEL” IN AUSTIN, TEXAS
The Association for Corporate Growth (ACG) Central Texas Chapter will host a “Hot Industry Panel” luncheon on Wednesday, March 19, 2014 in Austin, Texas from 11:30AM to 1:00PM. Gulf Coast Business Credit’s (“GCBC”) Meg Roberson, Chrissy Sphar, Celena DeFreitas and Zachary Daiber are scheduled to attend this event.
Join ACG Central Texas and the GCBC attendees for a candid conversation with three of the region's most respected industry experts, Matthew Crawford, Founding Managing Director of PTV Sciences, will speak on the Healthcare industry, Mitch Jacobson, Co-Director of the Austin Technology Incubator’s Clean Energy Portfolio, will focus on the Clean Technology industry and Joshua Baer, Executive Director of Capital Factory, will provide an update on the Technology industry. The panel will be moderated by Heather Ladage, Publisher of the Austin Business Journal.
Josh Baer will also provide a tour of The Capital Factory for attendees prior to the event at 10:30AM.
Registration for the event is $40 for ACG members and $65 for non-members at the door. The event will be held at Sullivan's Steakhouse, 300 Colorado in downtown Austin. Valet parking will be available for $4.
ACG has 56 chapters globally where Roberson, GCBC’s National Sales Manager, currently serves as president for the ACG Central Texas Chapter. These chapters bring dealmakers together to help achieve business and professional goals. If you are interested in learning more about ACG, please visit www.acg.org.
Article Posted On: March 17, 2014