Other News
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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.
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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.”
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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.
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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.
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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’s German Funds $250,000 Working Capital for Ohio Trucking Company
Gulf Coast Business Credit (GCBC) recently funded a $250,000 working capital facility for an Ohio based trucking company.
The trucking company has 4 owner-operators and specializes in hauling general freight nationwide. Having learned about GCBC through an internet search, the trucking company was attracted to freight factoring primarily because they no longer wanted to be held captive by slow paying customers. Factoring with GCBC is a swift form of financing. Once GCBC is satisfied that they will be paid, GCBC turns an invoice in to cash on the spot.
GCBC’s team has over 20 years of dedicated experience in the freight industry and is ready to assist. It’s not too late for your transportation company to get on the Freight Fast Track! GCBC’s Freight Fast Track promotion offers freight and trucking company’s instant approval, same day funding, waiving of first month's fees, and the lower rates and increased security of factoring with a bank. To qualify for this promotion, transportation prospects must fill out our free quick quote form online and use the promo code “Fast Track” by April 30, 2015.
Katie German is a Business Development Officer located in Austin, Texas. You can contact Katie either by emailing katiegerman@gulfbank.com or calling 512-410-1035. You can contact GCBC by phone at 866-577-8867, or by email at gcbcinfo@gulfbank.com. GCBC has production offices located in Colorado, Georgia, Louisiana, Oklahoma, Tennessee, and Texas.
Please like GCBC on Facebook by clicking the following link and we will keep you up to date on current events: Gulf Coast Business Credit Facebook Page. Please connect with GCBC on LinkedIn by clicking the following link: Gulf Coast Business Credit LinkedIn Page. And please join our Transportation Industry LinkedIn Group.
Article Posted On: April 21, 2015