Daily News: March 4, 2015

GCBC Provides $7MM California Staffing Facility

Gulf Coast Business Credit (GCBC) recently provided a $7 million working capital facility to a California based staffing company.

The company specializes in temporary staffing and was referred to GCBC by a local insurance specialist. Although the company was factoring with a competitor, GCBC was able to offer more competitive rates that will ultimately increase their revenue.

Since GCBC is a division of Gulf Coast Bank & Trust Company, GCBC is able to offer a wider variety of customer solutions and more funding capacity than traditional factors.