Daily News: April 13, 2015

GCBC Provides Factoring for Oilfield Company

Gulf Coast Business Credit (GCBC) recently funded a $3 million factoring deal for a Texas based oilfield transportation company during its Freight Fast Track promotion.

GCBC acquired the deal through a cold call campaign. Even though the company already factored with another bank, GCBC was able to offer a more competitive rate.

With a fleet of over 30 vehicles, the company specializes in hauling liquids to the oilfield industry across Texas.