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Louisiana Community Banker Refers Pump Rental Company to GCBC for Invoice Factoring

Louisiana Community Banker Refers Pump Rental Company to GCBC for Invoice Factoring

Gulf Coast Business Credit (GCBC)’s Adam Landry recently funded a $1.5 million working capital facility for a pump rental company that was referred by a community banker in Louisiana.

This family owned and operated pump rental company provides dewatering and pumping services as well as industrial pump, accessory rentals and sales. In order for the company to grow and fulfill one of their largest jobs, they needed more cash. Knowing this, they reached out to a community banker seeking more availability than their current national bank was willing to offer. Unfortunately, the community banker was unable to provide the financing that the company was looking for, but fortunately, they referred them to GCBC.

The company chose GCBC for its invoice factoring needs for a variety of reasons including immediate funding, competitive rates and flexible terms. Through invoice factoring, GCBC was able to pay off the company’s existing line of credit with their current national bank, which in turn gave them more availability to pay their manufacturer and free up other collateral that the community banker was able to lend on.

GCBC is an accounts receivable finance firm providing commercial lenders with a solution that allows them to say “Yes” more frequently.  We partner with banks of all sizes throughout the country, offering referral programs designed to help institutions achieve growth through new accounts, non-interest income, higher profitability and increased client retention. Throughout the months of May and June, send GCBC a deal and we’ll send you a GoPro Hero3 camera as part of our Referral Rewards promotion!

Adam Landry is a Business Development Officer located in Lafayette, Louisiana. You can contact Adam either by emailing adamlandry@gulfbank.com or calling 337-443-4140. You can contact GCBC by phone at 866-577-8867, or by email at gcbcinfo@gulfbank.com. GCBC has production offices located in Colorado, Georgia, Louisiana, Oklahoma, Tennessee, and Texas.

Please like GCBC on Facebook by clicking the following link and we will keep you up to date on current events: Gulf Coast Business Credit Facebook Page. Please connect with GCBC on LinkedIn by clicking the following link: Gulf Coast Business Credit LinkedIn Page. And please join our LinkedIn Group for Referral Sources and Commercial Lenders.

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