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’s Katie German Funds $150k & Provides EFS Fuel Card to Startup Trucking Company
Gulf Coast Business Credit (GCBC)’s Katie German recently funded a $150,000 working capital facility and provided GCBC fuel cards powered by EFS to a New Jersey based, startup trucking company.
Being a startup, the trucking company owns 1 truck that hauls general freight nationwide. With the company’s dependence on freight brokers to book loads, they were very pleased with GCBC’s extensive network and knowledge of freight brokers throughout the U.S. The company originally learned about GCBC through another freight services prospect.
GCBC’s Freight Fast Track provided the company with instant approval and same day funding as well as competitive factoring and asset based lending fees. Also, the company chose GCBC for its freight factoring needs because of their GCBC Fuel Card program.
GCBC’s team has over 20 years of dedicated experience in the freight factoring industry and is ready to assist. As a division of Gulf Coast Bank & Trust Company, our transportation prospects receive Instant Approval, Same Day Funding, Lower Rates and Increased Security.
Also, GCBC offers their customers EFS Fuel Cards and Fuel Advances. Carriers that sign up for both factoring and the fuel card program with GCBC will receive a promotional offer of $500.00* funded direct to their GCBC fuel card account. For details about this promotion, click here.
In order to stay informed with ongoing issues the transportation industry faces and any upcoming offers at GCBC, please join our Transportation Industry LinkedIn Group.
*Quick Quote must be submitted by 12/31/15 and deal must close before 2/28/16 to qualify. To receive $500 cash bonus, carriers must sign up for the GCBC Fuel Card.
Article Posted On: November 04, 2015