Daily News: February 26, 2014

GCBC Provides $3MM Facility to Oilfield Service Company

GCBC said the oilfield service company was factoring with a private competitor and came to GCBC through a company that provides part-time CFO services. The company is experiencing rapid growth and concentrations from debtors active in the multiple shale plays located in Texas. GCBC provided a significant savings over the private competitor, and expects to save the client over $100,000 a year in fees!