Gulf Coast Business Credit: Invoice Factoring & Accounts Receivable Finance Company

Please complete the quick quote form on the left side of this screen and fall in love with our rates.

Orange and Brown Casual Corporate Management Professional/Business Services LinkedIn Video Ad by megroberson

Happy Thanksgiving from all of us at Gulf Coast Business Credit!

Happy Thanksgiving from all of us at Gulf Coast Business Credit.

THE OPPORTUNITY

In the midst of the coronavirus pandemic, a commercial lender was working to bring in a new client. The client was a newly formed staffing company providing temporary medical professionals to COVID-19 testing facilities and industrial laborers to the oil and gas industry. While the company didn’t currently meet the bank’s credit standards, the banker was interested in establishing a long term relationship with the company and winning ancillary business..

THE CHALLENGE

Needed capital quickly (owner was funding payroll with retirement savings)
Start-up company (less than 12 months in business)
Steep growth curve (driven by COVID-19)

THE SOLUTION

The banker introduced the staffing company to Gulf Coast Business Credit and they closed and funded the staffing company with a $500,000 working capital facility within one week.

THE SUCCESS STORY

Staffing Company
- Working capital challenge solved
Bank/Banker
- Acted as a trusted advisor
- Won new depository and cash management relationship
- Paid a closing bonus and ongoing commission for the life of the relationship

Gulf Coast Business Credit would love to make our success your success. For over 20 years, GCBC has partnered with commercial lenders to solve working capital challenges for companies located nationwide. If you know a company in need of factoring or asset based lending, contact us today.

GCBC’S MIKE THERIOT PLAYS CRUCIAL ROLE IN ASSISTING NEW CLIENT RELATIONSHIPS

As Assistant Credit Manager, Gulf Coast Business Credit (GCBC)’s Mike Theriot plays a crucial role in assisting new client relationships. Theriot has worked for GCBC for nearly 6 years and has over 12 years of experience in the factoring and asset based lending industries. Theriot graduated from the University of New Orleans with a Bachelor’s Degree in Business Administration and is an alumni of Holy Cross High School. At GCBC, Theriot is responsible for assisting clients in making sound cred...

Article Posted On: October 10, 2014

GCBC’S STUART WRBA PROVIDES $1,250,000 WORKING CAPITAL FACILITY TO OILFIELD TRANSPORTATION

Gulf Coast Business Credit (GCBC)’s Stuart Wrba recently provided a $1,250,000 working capital facility to a Texas based, oilfield transportation company. With a prior background in the transportation industry, the company came to GCBC through the 2014 East Texas Oilfield Exposition. GCBC’s working capital facility will allow the company to successfully maintain growth in their services. The transportation company transports bulk sand for oil and gas well fracturing as well as provides an arr...