Other News
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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.
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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.
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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.”
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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.
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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.
Worksite Hazard Management Personnel & Consulting Company Referred to GCBC for Invoice Factoring
Gulf Coast Business Credit (GCBC)’s Adam Landry recently funded a $250,000 working capital facility for a work hazard management & consulting company that was referred by a community banker in Louisiana.
The company has a team of experienced consultants from various industries. They teach training programs and provide personnel and technical consulting to help manage and reduce hazards on the worksite.
In order for the company to continue growing, they reached out to a community banker to explore traditional financing options. Since the company was not in a position to qualify for traditional financing, the banker used this opportunity to educate them on alternatives to traditional lending and referred them to GCBC.
The company chose GCBC because GCBC was able to provide the necessary capital the company needed through invoice factoring at a competitive rate with flexible terms. Now, the company will be able to continue growing and stress less about their cash flow with the anticipation of a large client coming on board within the next few months.
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.
Article Posted On: June 18, 2015