Businesses often need more cash than they have on hand. Gulf Coast Business Credit can provide immediate assistance by turning your outstanding invoices into cash. Accounts Receivable Factoring with GCBC allows you to focus on what you do best: service your customers and generate new business. With proper financing today, you can get where you want to be tomorrow.
Gulf Coast Business Credit is the Factoring, Accounts Receivable Finance and Asset-Based Lending Division of Gulf Coast Bank & Trust Co. As a division of a bank, GCBC doesn’t rely on financing from outside sources, giving us lower cost of funds, which is passed on to our clients in the form of lower fees.
It's no secret that cash flow is the lifeblood of every business. Successful businesses require consistent cash for ongoing operations and additional cash reserves to fund growth opportunities. Maintaining sufficient cash can be difficult for new businesses and businesses experiencing rapid growth. Gulf Coast Business Credit can provide immediate assistance by turning your accounts receivable into cash.
With accounts receivable finance, otherwise known as factoring, GCBC considers your customer’s ability to pay, not yours. The biggest attraction to accounts receivable factoring is not being held captive by slow-paying customers.
Factoring with GCBC lets you turn your invoices into cash that can immediately be used to meet payroll and other expenses
Gulf Coast Business Credit is a division of Gulf Coast Bank & Trust Co., an FDIC-insured bank located in New Orleans, Louisiana. As a division of the bank, we are a direct lender and do not have to rely on financing from other sources.
This enables GCBC to offer a wider variety of customer solutions and more funding capacity than traditional factors. It also ensures that GCBC has a lower cost of funds than the majority of our competitors. This lower cost is passed on to GCBC clients in the form of lower fees. As a result, GCBC offers the most competitive rates in the industry.