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.
GCBC Attends American Trucking Association Management Conference & Exhibition Oct. 17 - 20th
Gulf Coast Business Credit (GCBC)’s Stuart Wrba recently attended the American Trucking Association (ATA) Management Conference & Exhibition (MCE) in Philadelphia, Pennsylvania October 17-20, 2015.
The ATA Management Conference & Exhibition is a premier meeting for trucking executives and attracted hundreds of industry professionals from across the nation. The conference featured various educational sessions that highlighted economic, regulatory, and business trends that drive success within the trucking industry.
As an exhibitor, GCBC was able to network with trucking professionals and discuss how GCBC’s working capital solutions can help them focus on their growth potential rather than stress about their cash flow.
ATA is the nation’s largest trade association for the trucking industry and considers itself the voice of the trucking industry with a vision set as "the recognized leader in transportation advocacy representing the safest, most responsible and financially successful motor carriers.” To learn more about ATA, please visit www.trucking.org.
GCBC’s team has over 20 years of dedicated experience in the freight factoring industry and is ready to assist. It’s not too late for your transportation company to get on the Freight Fast Track! GCBC’s Freight Fast Track is the quick and easy way to lower your factoring and asset based lending fees. As a division of Gulf Coast Bank, our transportation prospects receive Instant Approval, Same Day Funding, Lower Rates and Increased Security.
Also, GCBC offers their customers EFS Fuel Cards and Fuel Advances. Carriers that sign up for both factoring and the fuel card program with GCBC will receive a promotional offer of $500.00* funded direct to their GCBC fuel card account. For details about this promotion, click here.
*Quick Quote must be submitted by 12/31/15 and deal must close before 2/28/16 to qualify. To receive $500 cash bonus, carriers must sign up for the GCBC Fuel Card.
Article Posted On: December 09, 2015