GCBC Celebrates 20 Year Anniversary in 2020
On February 1, 2020, Gulf Coast Business Credit (“GCBC”), a division of Gulf Coast Bank & Trust Co. (“Gulf Coast Bank”), announced the celebration of its 20th Anniversary as a leader in accounts receivable finance and asset based lending. Over the last 20 years, GCBC’s commitment to thousands of valued client relationships, partners and employees has provided growth for businesses and prosperity for families across the United States.
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.
Robert James Plays Vital Role in GCBC Growth
Gulf Coast Business Credit's ("GCBC") Robert James recently closed deals consisting of a $150,000 working capital facility to a Tennessee based trucking company, a $500,000 working capital facility to a Texas based oilfield service company, and a $3.5 million working capital facility to a Texas based oilfield transportation company.
James joined GCBC’s team as a Business Development Officer in 2012, when the oil and gas industry was booming in the Rocky Mountain region. When asked what he enjoys most about GCBC, James replied, “I am so happy to be part of Gulf Coast Business Credit. When banks tell clients ‘no,’ we are able to say, ‘yes.’ Through GCBC’s accounts receivable financing, we are able to help companies reach their full growth potential.”
Prior to joining GCBC, James was a Senior Account Manager focused on Business Development with Yellow Book 360 for over 11 years. “James’s outstanding history as a top producer, work ethic and talent are invaluable to our sales team. He plays a vital role in the development and growth in our division,” said Meg Roberson, GCBC National Sales Manager.
Get to know Robert James!
James played football for the University of Colorado during their national championship year in 1990. When asked about this experience, James said, “Being part of GCBC reminds me of my national championship football year. We put a great product on the field and we play as a team. That is always a winning combination.”
James also shared the below facts about himself.
Hometown: Denver, Colorado
Favorite spot to travel: Anywhere near the ocean.
Hobbies: My kids keep me pretty busy.
Three words that describe him: Genuine, honest and giving.
Gulf Coast Business Credit is recognized as a leading provider of working capital finance throughout the United States, specializing in accounts receivable factoring. GCBC has production offices located in Colorado, Georgia, Louisiana, Oklahoma and Texas. GCBC is a division of Gulf Coast Bank & Trust Company, one of the largest community banks headquartered in Louisiana.
**Updated August 26, 2015**
Article Posted On: August 26, 2015