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.
How Freight Factoring for Transportation Companies Works
What is freight factoring and how can it help trucking companies grow?
As part of our Freight Fast Track promotion, allow us to "illustrate" how freight bill factoring can help Transportation Companies overcome their industry-specific challenges and grow.
STRESS CITY! Mike’s trucking company is growing quickly. Weekly payroll for his drivers is expanding with each new load. Customers are paying in 35 days, so cash is TIGHT!
PROBLEM SOLVED! Gulf Coast Business Credit flies to the rescue. With Instant Approval and Same Day Funding, GCBC converts Mike’s accounts receivables into cash in no time!
THUMBS UP! Mike can pay his drivers and have enough cash flow to continue growing his business. Now that Mike has dependable cash flow, he is ready to expand his fleet from 3 trucks to 50!
Take advantage of our Freight Fast Track program today, offering Instant Approval, Same Day Funding, Waiving of First Month's Fees, and the Lower Rates and Increased Security of factoring with a bank.
Additionally, GCBC also offers Fuel Advances
and Fuel Cards powered by EFS. Carriers that sign up for both factoring and the fuel card program with GCBC will receive a promotional offer of $500.00 funded directly to their new GCBC fuel card account.*
Gulf Coast Business Credit specializes in accounts receivable financing for the Transportation Industry. We understand the unique challenges of the Freight Industry and can provide the financial support your company needs to help manage growth, take advantage of opportunities or help fund payroll. As a division of Gulf Coast Bank & Trust Company (“GCB”) we offer the best of both worlds: a bank relationship with the flexibility of a specialty lender. GCBC utilizes the GCB cost of capital and as a result, we are able to offer the most competitive rates in the industry. In addition to low rates, we pride ourselves mostly on service, fast, accurate and dependable service. GCBC funds on approved invoices the same business day they are received. Add no monthly minimums, no long-term contract and no application fee and you begin to see why GCBC has the best program for Trucking professionals that are interested in accounts receivable financing.
Article Posted On: October 27, 2015