Daily News: August 5, 2014

GCBC Provides $1.3MM to Engineering Staffing Company

Gulf Coast Business Credit (GCBC) recently provided a $1.3 million working capital facility to an Arizona based engineering staffing company.

Referred to GCBC by a business consultant, the engineering staffing firm reached out to GCBC to help reduce existing factoring costs. GCBC was able to offer a rate that provided substantial savings over their existing factor.

“This company works on tight margins, and the savings we provided will aid the company to grow in a more cost effective manner,” said Bernhard.

The staffing industry faces unique challenges and GCBC can provide the financial support to help staffing companies grow and take advantage of opportunities. GCBC has production offices located in Colorado, Georgia, Tennessee, Texas and Louisiana.