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 TROY ZUPANCIC TO ATTEND PERMIAN BASIN DEALMAKERS EXPO
Troy Zupancic, Gulf Coast Business Credit Vice President of New Business Development located in Texas, will be attending the first Permian Basin Dealmakers Prospects and Properties Expo hosted by the Petroleum Listing Service (PLS) on February 26, 2014.
Featuring a variety of oil and gas plays, prospects, property packages, and exploration opportunities; this one day expo is a must see event for all industry buyers, sellers, and capital providers. The host of the event, PLS, has hosted oil and gas exhibitions since the 1980s. If you would like to learn more about this expo, please visit www.plsx.com/dealmakers/show/february/midland.
Gulf Coast Business Credit is recognized as a leading provider of working capital finance throughout the United States, specializing in accounts receivable financing for the oil and gas service sector. We understand the unique challenges of the oil and gas industry and provide the financial support companies need to manage growth and take advantage of opportunities. Our oil and gas clients benefit from:
Experience of Oilfield Industry Veterans.
No Monthly Minimum
Flexible Contract Options
GCBC has production offices located in Colorado, Georgia, Tennessee, Texas, and Louisiana. GCBC is a division of Gulf Coast Bank & Trust Company, one of the largest community banks headquartered in Louisiana.
Article Posted On: February 20, 2014