Gulf Coast Bank & Trust Company Acquires Dallas-Based American Business Lending, Inc.
NEW ORLEANS – Gulf Coast Bank & Trust Company has announced the acquisition of American Business Lending, Inc. – a Dallas-based SBA lender. Gulf Coast Bank retained American Business Lending’s staff and management team, merging operations of American Business Lending with its Gulf Coast SBA Lending business headquartered in Dallas, TX. Moving forward, the combined venture will be referred to as Gulf Coast SBA Lending. The announcement was made by Guy Williams, President of Gulf Coast Bank & Trust Company.
American Business Lending, Inc., now Gulf Coast SBA Lending, was founded in Dallas in 2006 as a non-bank SBA 7(a) lender. Over the past 11 years, it provided loans to numerous small businesses across the country. American Business Lending, Inc. was advised by Houlihan Lokey.
Gulf Coast SBA Lending is a national lender, offering SBA 7(a), 504 and USDA B&I loans ranging up to $5,000,000 and more to small businesses in a variety of industries. Gulf Coast SBA Lending was formed earlier this year when Gulf Coast Bank acquired Dallas-based CapitalSpring SBLC and consolidated all of its SBA lending activity in the Dallas headquarters. With the addition of American Business Lending, Inc., Gulf Coast SBA Lending now services nearly $300 million of SBA 7(a) and 504 loans.
Louisiana-based Gulf Coast Bank & Trust Company was founded in 1883 and is a fixture in the Southern Gulf Coast business community. With over $1.6 billion in assets, the bank serves its business and personal banking clients through its branches, mortgage offices, trust investment offices, and business credit offices. It also offers factoring and business credit nationally through Gulf Coast Business Credit. Gulf Coast Bank & Trust Company has 19 branch locations across Southeast Louisiana and more than 30 mortgage lenders located throughout East Baton Rouge, Jefferson, Livingston, Orleans, St. Bernard, St. Tammany, and Tangipahoa parishes in Louisiana as well as Orange and Sarasota counties in Florida.
For more information about Gulf Coast Bank & Trust Company, please visit gulfbank.com or call 1-800-223-2060.