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.
Gulf Coast Business Credit Hires Aaron Renaud as New Underwriter
Austin, TX - Gulf Coast Business Credit (“GCBC”), a nationwide provider of accounts receivable finance and asset based lending, is pleased to announce the recent hiring of Aaron Renaud as Underwriter in their Austin, TX location. “We are excited and feel fortunate to welcome Mr. Renaud to the GCBC team. Aaron will play a key role to support recent portfolio acquisition and continued organic growth,” said Meg Roberson, GCBC’s National Sales Manager.
Community Banker Refers Oklahoma Based Manufacturer to GCBC for its Invoice Factoring Needs
Gulf Coast Business Credit (GCBC)’s John Whitaker recently funded a $500,000 working capital facility to an Oklahoma based manufacturer that was referred by a community banker.
The Oklahoma based manufacturer primarily caters to the oilfield industry but in order to diversify, the company recently transitioned to a new segment. With invoice payments taking up to 65 days to process in the new line of business, a community banker referred the manufacturer to GCBC for its invoice factoring needs. The manufacturer chose GCBC for its invoice factoring needs because GCBC was able to provide the funds immediately with flexible terms and competitive rates.
GCBC provides commercial lenders and brokers 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.
To kick off the New Year, Gulf Coast Business Credit would like to acknowledge those who’ve helped shape our business with a Referral Rewards program! If you send us a prospect before February 15th and that prospect becomes a client in 2016, we’ll send you a Yeti Hopper 30 cooler.
John Whitaker is a Vice President, Business Development located in Oklahoma. You can contact John either by emailing email@example.com, or calling 405-546-5925. You can contact GCBC by phone at 866-577-8867, or by email at firstname.lastname@example.org. GCBC has production offices located in Colorado, Georgia, Louisiana, Oklahoma, 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.
* Referral must be received by February 15th, 2016 and deal must close before 12/31/16 to qualify.
Article Posted On: February 10, 2016