Daily News: October 7, 2014

GCBC Provides Working Capital Facility to Manufacturer

Gulf Coast Business Credit recently provided a $1 million working capital facility to an Alabama-based manufacturing and warehousing company that specializes in custom formulating and packaging of fertilizers.

The company is family owned and has operated for over 20 years. Referred by a banker, the company came to GCBC with a previous relationship to another finance firm for more than nine years.

“With several existing long-term customer relationships, it was vital for the company to transition over to GCBC with no mishaps,” said Stuart Wrba, VP, Business Development, GCBC. “GCBC was able to seamlessly transition the company over by paying off the existing lender.”