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GCBC PROVIDES A $3MM WORKING CAPITAL FACILITY TO WYOMING BASED TRANSPORTATION COMPANY

GCBC PROVIDES A $3MM WORKING CAPITAL FACILITY TO WYOMING BASED TRANSPORTATION COMPANY

Gulf Coast Business Credit (GCBC) recently provided a $3MM working capital facility to a transportation company based in Wyoming with a fleet of 35 trucks. The transportation company has operated for over 30 years and primarily hauls oilfield equipment and water in the Bakken Shale.

Due to the high volume of activity in the Bakken, this new client will utilize GCBC’s accounts receivable financing program to help expand their customer base and reach their full growth potential without giving up equity. Robert James, GCBC Vice President, stated, “We are excited to offer our financing product to those doing work in the Bakken. Combining oil and gas and transportation is a natural fit for Gulf Coast, a New Orleans based financial institution.”

With over 20 years of dedicated experience in the transportation industry, GCBC is able to provide hassle free financial support to companies that manage large fleets to companies with a fleet of one. GCBC has clients located throughout the United States and has production offices located in Colorado, Georgia, Tennessee, Texas, and Louisiana. To view other recent deals, visit www.gulfcoastbc.com/recent-deals

 

Robert James is a Vice President, Business Development located in Colorado. You can contact Robert either by email: robertjames@gulfbank.com or phone: 303-587-3641.

Article Posted On: February 18, 2014

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