Other News
-
GCBC 20th Anniversary - Employee Growth
This year, GCBC celebrates its 20th anniversary, and we thought we'd take a moment to look back on some of our past accomplishments. Since the company was founded in 2000, GCBC has grown from 5 to 170 employees! Over the last 20 years, GCBC’s commitment to our valued employees has provided prosperity for families across the United States.
-
GCBC 20th Anniversary - States
This year, GCBC celebrates its 20th anniversary, and we thought we'd take a moment to look back on some of our past accomplishments. Since the company was founded in 2000, GCBC has funded deals in over 48 states! Over the last 20 years, GCBC’s commitment to our valued client relationships has provided growth for businesses and prosperity for families from South Carolina to California, and almost everywhere in between!.
-
GCBC 20th Anniversary - Clients
This year, GCBC celebrates its 20th anniversary, and we thought we'd take a moment to look back on some of our past accomplishments. Since the company was founded in 2000, GCBC has funded over 5,000 clients!
-
IFA Appoints GCBC’s Meg Roberson to Advisory Board
Gulf Coast Business Credit (GCBC), the Factoring, Accounts Receivable Finance and Asset-Based Lending Division of Gulf Coast Bank & Trust Co. (GCB&T), is proud to announce that the International Factoring Association (IFA), the world’s largest association of commercial finance companies, has appointed GCBC’s Meg Roberson as a new Advisory Board member.
-
IFA Appoints GCBC’s Meg Roberson to Advisory Board
Gulf Coast Business Credit (GCBC), the Factoring, Accounts Receivable Finance and Asset-Based Lending Division of Gulf Coast Bank & Trust Co. (GCB&T), is proud to announce that the International Factoring Association (IFA), the world’s largest association of commercial finance companies, has appointed GCBC’s Meg Roberson as a new Advisory Board member.
What Is Freight Factoring?
Freight factoring is a way for trucking companies to receive immediate payment from their customers, instead of waiting 30 to 90 days. By converting freight bills to cash quickly, freight factoring helps transportation companies improve and manage their cash flow.
The way it works is a factoring company pays the freight company for their invoices right away, then, for a fee, collects payment for those freight bills from the trucking company’s customer later.
In order for transportation companies to succeed, they need consistent cash flow for ongoing operations and future growth opportunities. If a freight company chooses to factor, the factoring company (or “factor”) considers their customer’s ability to pay, not theirs. The biggest attraction to freight factoring is not being held captive by slow-paying customers.
If freight factoring is the solution for you, Gulf Coast Business Credit invites you to fill out our online quick quote form today! Also, GCBC’s current Freight Fast Track promotion is offering transportation companies instant approval, same day funding, waiving of first month's fees, and the lower rates and increased security of factoring with a bank. To qualify for this promotion, transportation prospects must fill out our free quick quote form online and use the promo code “Fast Track” by April 30, 2015. Gulf Coast Business Credit has an entire division devoted to the transportation industry and also offers EFS Fuel Cards and Fuel Discounts at Pilot Flying J Travel Centers.
Looking to learn more about freight factoring or asset based lending? Contact GCBC by phone at 866-577-8867, or email gcbcinfo@gulfbank.com today. GCBC has production offices located in Colorado, Georgia, Louisiana, Oklahoma, Tennessee, and Texas.
Article Posted On: April 10, 2015