About Gulf Coast Business Credit
What We Do
It does not matter if your business is established or a start-up, there comes a time when you need more credit and purchasing power than is presently available to you. Just think of what your company can do with better cash flow:
- Expansion of Payroll
- Pay fuel bills
- Pay Operating Expenses
- Purchase of additional equipment
- Make monthly payments on equipment
- Pay taxes and tags
- Increase sales and profits
Accounts Receivable Factoring at Gulf Coast Business Credit’s Transportation Division will help you improve your cash flow. Let us take the stress out of managing your credit and finances so you can focus on growing your business.
Factoring with Gulf Coast is simple.
Clients fill out a schedule of invoices they wish to sell when they need cash. Upon receipt of the schedule, Gulf Coast Business Credit will fund 80-90% of the total amount. Once the invoice is collected in Gulf Coast’s lock box, the reserve account (less fees) will be returned to the customer.
Factoring with Gulf Coast is competitive.
Because of its bank affiliation, Gulf Coast has a less expensive cost of funds than most factoring companies, and it passes those savings along to its client in the form of lower fees. There are also no hidden fees and typically no monthly minimum factoring amount. Clients also get the services of Gulf Coast’s credit department and lock box services at no additional cost.
Factoring with Gulf Coast is flexible.
Contracts with Gulf Coast contain no restrictive financial covenants. Turn around situations, losses, high leverage and high accounts receivable concentrations are not a problem for Gulf Coast.
