Daily News: April 22, 2015

GCBC Funds Trucking Company Facility

Gulf Coast Business Credit recently funded a $250,000 working capital facility for an Ohio-based trucking company.

The trucking company has four owner-operators and specializes in hauling general freight nationwide. The trucking company was attracted to freight factoring primarily because they no longer wanted to be held captive by slow paying customers. Factoring with GCBC is a swift form of financing. Once GCBC is satisfied that they will be paid, it turns an invoice in to cash on the spot.

GCBC’s team has more than 20 years of dedicated experience in the freight industry.