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’S SALES TEAM GETS ACTIVE
To promote healthy living, Gulf Coast Business Credit (“GCBC”) decided to incorporate the New Orleans Rock-n-Roll Marathon into their bi-annual sales meeting. GCBC participants include Celena DeFreitas, Alexis Hail, Elliot Smith, Meg Roberson, Chrissy Sphar, and Liz Evans.
The New Orleans Rock-n-Roll Marathon will take place on Sunday, February 2, 2014 and supports charities including the Leukemia & Lymphoma Society, St. Jude Children’s Research Hospital, The Gleason Initiative Foundation, and Hope for the Warriors.
Meg Roberson, GCBC National Sales Manager, stated “We encourage our employees to get out, get active and achieve their goals! We look forward to a great day in New Orleans, an opportunity to support numerous charities and support Gulf Coast Bank’s mission to encourage healthy living.”
GCBC is one of the largest accounts receivable finance firms in the United States and is a division of Gulf Coast Bank & Trust, one of the largest community banks in Louisiana.
Article Posted On: January 28, 2014