NEW ORLEANS – Gulf Coast Bank & Trust Company announced the acquisition of Dallas-based CapitalSpring SBLC – a Top-100 SBA lender and former subsidiary of CapitalSpring Finance Company.
Gulf Coast Bank & Trust Company retained the entire CapitalSpring SBLC staff and management, including CapitalSpring SBLC’s president Nimi Natan. Moving forward, CapitalSpring SBLC will be referred to as Gulf Coast SBA Lending. The announcement was made by Guy Williams, President of Gulf Coast Bank & Trust Company.
CapitalSpring SBLC, now Gulf Coast SBA Lending, was founded in late 2012 and became a Preferred Lender (PLP) in 2014. That same year it became a Top-100 and among the largest non-bank SBA lenders in the country. Services offered include SBA 7(a) and 504 loans ranging from $500,000 to $5,000,000 and more to small businesses across the country in a variety of industries. Since inception, it has provided hundreds of loans to restaurants, hotels, health clubs, professional practices, manufacturers, automotive aftermarket suppliers, pet care, wholesalers and others. Gulf Coast SBA Lending is based in Dallas, Texas and lends nationally.
Louisiana-based Gulf Coast Bank & Trust Company was founded in 1883 and is a fixture in the Southern Gulf Coast business community. With more than $1.5 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.
The transaction was facilitated by Houlihan Lokey's financial services practice.
