Financial Solutions

Factoring with Gulf Coast Business Credit is fast, simple and hassle-free. Find out how we can be your solution below.

What is Factoring?

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 financing, otherwise known as factoring, GCBC considers your customer’s ability to pay, not yours. The biggest attraction to 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.

Financial Solutions

How Does Factoring with GCBC Work?

Factoring with Gulf Coast Business Credit is fast, simple and hassle-free. Clients fill out a schedule of invoices they wish to sell when capital is needed. Upon receipt of the schedule, Gulf Coast Business Credit will fund 75-90% of the total amount on the same business day. Once the invoice is collected in Gulf Coast’s lock box, the reserve account (less fees) will be returned to the customer. Our clients enjoy the benefits of same day funding, as opposed to waiting up to 90 days for payment.

GCBC has representatives who serve businesses nationwide.

Factoring vs. Traditional Bank Line of Credit

  • Accounts receivable financing focuses on the credit worthiness of your customers, not your company.
  • Unlike a typical bank loan, factoring clients are not subject to tightening credit availability due to credit cycles, economic volatility or market fluctuations.
  • Traditional bank loans have restrictive covenants on net worth, leverage, profitability, dividends and other restrictions, which inhibit sales growth.
  • Typical bank loans focus on the strength of the balance sheet, the profit and loss statement and cash flow of your company.
  • Factoring de-leverages your balance sheet.
  • Getting setup to factor with Gulf Coast Business Credit is quick, with no long approval process.
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