On February 1, 2020, Gulf Coast Business Credit, a division of Gulf Coast Bank & Trust, celebrated its 20th anniversary an accounts receivable and asset-based lender.
Gulf Coast Business Credit is expanding its underwriting team with the addition of Vincent Miller as a credit analyst/underwriter in its Austin, TX location.
Gulf Coast Business Credit started 2017 by financing 101 new accounts receivable factoring and asset-based lending relationships, including three working capital facilities totaling $8 million.
Gulf Coast Business Credit funded a $2.5 million working capital facility for a Louisiana-based staffing and industrial contractor.
Gulf Coast Business Credit funded a $2.0 million working capital facility for a Louisiana-based marine electrical services company referred by a community banker.