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.
GULF COAST BUSINESS CREDIT CONTINUES THE UPWARD TREND
Gulf Coast Business Credit (“GCBC”) continued its consistent upward trend and posted a 25% increase in average portfolio growth for calendar year 2013. This marks the third consecutive year of significant portfolio growth for GCBC. “The last couple of years have been extremely rewarding as a company. We managed to more than double our portfolio size in a short period of time while maintaining our credit quality at high standards. A well trained / well managed sales staff, an evolving product mix and a renewed focus on customer service have all contributed to our success and should continue to pay dividends for GCBC well into the future” says Wade Hladky, President of Gulf Coast Business Credit.
The strong trends continue into 2014, with double digit growth for first quarter ended March 31st, 2014. GCBC’s year to date 2014 results were highlighted by a wide variety of new deals booked in the quarter. Transactions ranged from a $50,000 working capital facility for a Florida based industrial equipment wholesaler to a $3 million working capital and inventory loan for a Texas based oil and gas equipment distributor to a $5 million working capital facility for an Arkansas based staffing company. Companies funded in 2014 also included transportation companies, oilfield service companies, an emergency response company, a food specialty company, and a clothing manufacturer. In total, 22 companies chose to trust GCBC as their new financing partner during the first quarter of 2014.
About GCBC: With production offices located in Colorado, Georgia, Tennessee, Texas, and Louisiana, GCBC is recognized as a leading provider of working capital finance and acquirer of working capital finance portfolios throughout the United States. To view other recent deals or additional information on GCBC, visit www.gulfcoastbc.com/news. You can contact GCBC either by phone: 866-577-8867 or email: firstname.lastname@example.org.
Article Posted On: April 01, 2014