Gulf Coast Business Credit (GCBC) recently funded a $400,000 working capital facility for a Louisiana-based staffing company that was referred by a community banker.

The staffing company provides labor to the industrial and commercial construction industries. As a new entity, the company was having a difficult time obtaining a credit line. In order for the company to start work and cover their payroll, a community banker referred them to GCBC to provide it with invoice factoring.

The company chose GCBC for its invoice factoring needs because GCBC was able to provide funds immediately, with flexible terms and competitive rates.