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.
Gulf Coast Business Credit Welcomes 2018 Summer Interns!
Gulf Coast Business Credit (“GCBC”), the working capital finance division of Gulf Coast Bank & Trust, is pleased to announce its new team of interns for the summer of 2018. GCBC offers interns hands-on training in finance, sales/marketing, accounting and underwriting. GCBC looks forward to spending the summer with Ryan Kirschner, Blake Roberson, Liz Moczygemba, and John Detamore.
Ryan Kirschner is an incoming senior studying Finance at the University of Texas, and plans to graduate in the spring of 2019. Ryan is from Beaumont, TX, but is an avid Philadelphia sports team fan. Ryan currently volunteers in the YoungLife Leader program in local schools, and also enjoys spending his free time playing poker, watching movies, and traveling.
Blake Roberson is a Communications major at Texas A&M University and will graduate in May 2020. He is from Port Aransas, Texas, where he enjoys spending time fishing in the gulf and playing basketball with friends. Blake recently started a new laundry business in College Station, TX called “Howdy Laundry”.
Liz Moczygemba is a student at the University of Texas at Austin. Liz will be taking graduate level classes over the next two years, as she will be receiving her Masters in Accounting through UT’s MPA program. She will graduate in the Spring of 2020. Liz is from La Vernia, TX and enjoys listening to music, hiking and long distance running.
John Detamore is a junior at The University of Texas at Austin and plans to graduate with a degree in Finance in May 2020. He was born & raised in Austin, TX and is an active member of the UT service org, Texas Cowboys. In his free time, John enjoys the outdoors, hunting and fly-fishing.
2018 marks the Seventh Anniversary of the GCBC Summer Internship Program. Mrs. Rochinda Archuleta, GCBC Project Manager, heads up the 2018 Summer Internship Program. Mrs. Archuleta is responsible for preparing projects that can be accomplished in ten weeks that have a measurable outcome and impact on the business, and can be done by a student. At the end of the summer, each intern competes for the “Most Profitable Intern Award” by presenting a case to Senior Management that includes a summary of the projects they worked on throughout the summer and why their contribution to each added value to the bank. “We are fortunate to have this program in Austin. Our interns bring innovative thinking that adds tremendous value to our local office each year,” said Meg Roberson, SVP and Manager of GCBC’s Austin office.
Gulf Coast Business Credit is recognized as a leading provider of working capital finance throughout the United States. GCBC has production offices located in Colorado, Georgia, Louisiana and Texas. GCBC is a division of Gulf Coast Bank & Trust, one of the largest community banks headquartered in Louisiana.
|Invoice Factoring||Small Business Finance|
|What is Factoring?||Temporary Staffing Factoring|
|Accounts Receivable Factoring||Financing Alternatives|
|Freight Factoring||Asset Based Lending|
Article Posted On: July 11, 2018