At SPECTRUM, we are proud to help companies that are rapidly growing or going through turnaround or transition. We provide financing secured by Accounts Receivable, Inventory, Equipment and Real Estate without the covenants or other restrictions common in bank loans. SPECTRUM understands the challenges businesses face and has the expertise, experience, and flexibility to provide financing tailored to the specific needs of a company. When unexpected time-sensitive situations arise, SPECTRUM is able to deliver answers and solutions quickly.

SPECTRUM is a wholly owned subsidiary of Gulf Coast Bank & Trust Company, an FDIC-insured commercial bank headquartered in New Orleans, Louisiana.

SPECTRUM works with companies struggling to grow their business and who are in need of cash, but find themselves in a situation where banks are unwilling or unable to supply the necessary working capital needed to operate the business. Some of the typical businesses SPECTRUM has helped include:

• Companies experiencing rapid growth beyond a bank’s ability to support such growth.
• Companies experiencing industry or company specific financial stress, resulting in one or two years of losses, sometimes more.
• Startup companies that are growing without an adequate track record of sales or profitability.
• Buy-out or merger scenarios where an owner may want to leverage the business assets to complete the transaction.

Industries We Serve:

• Manufacturing.
• Distribution.
• Commercial Service Companies.

Advance rates:

• 85% advance rate on Accounts Receivable.
• 50% advance rate on eligible Inventory.
• 75%-90% of the liquidation value of Equipment.
• 50% of the appraised value of Real Estate.

Facility Size:

• Credit facilities from $250,000 up to $7 million.

For credit inquiries, please contact:

Mark Schwieters, SVP, 952-876-8236