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 Hires Alex Eaton as Credit Analyst
As new deal flow and the existing client base continue to grow significantly, Gulf Coast Business Credit (GCBC) continually looks to stay ahead of the curve. With this growth in mind, GCBC recently hired Alex Eaton as a Credit Analyst.
With a Bachelor of Business Administration from The University of Texas at Austin, Eaton joins the GCBC Credit Analysis team with a background in factory finance.
Eaton will be a key addition to a GCBC team which has funded over 55 new deals since the start of May, assisting in increasing the underwriting bandwidth to support new business development. “I’m excited to join the GCBC team in Austin and to help continue the company’s growth trajectory. So far, I’ve loved being part of such a dedicated and intelligent group, who I’ve already learned so much from. I feel very grateful to be here, working with a great underwriting team to help businesses receive the cash needed to continue growing, which they may not otherwise be able to get from traditional lending institutions,” said Eaton.
Get to know Alex Eaton!
Eaton kindly shared the below facts about herself.
Hometown: La Canada Flintridge, CA
Favorite place you’ve visited: Seaside, FL
Hobbies include: fitness, hanging out at the lake, listening to music, dancing, painting
Three words that describe her: Caring, determined, sassy
Favorite movie quote: “Whoever said orange was the new pink was seriously disturbed” – Elle Woods in Legally Blonde
GCBC is recognized as a leading provider of working capital finance throughout the United States, specializing in accounts receivable financing. GCBC has production offices located in Colorado, Georgia, Louisiana, Oklahoma, Tennessee and Texas. GCBC is a division of Gulf Coast Bank & Trust Company, one of the largest community banks headquartered in Louisiana.
Article Posted On: July 27, 2016