Gulf Coast Bank & Trust Co. in New Orleans has acquired American Business Lending Inc., a Dallas-based Small Business Administration lender.
Gulf Coast retained American Business Lending’s staff and management team and is merging its operations with Gulf Coast SBA Lending, headquartered in Dallas.
American Business Lending Inc. was founded in Dallas in 2006 as a non-bank SBA lender. Over the past 11 years, it provided loans to numerous small businesses across the country.
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.
Gulf Coast Bank & Trust Co. was founded in 1883. With over $1.6 billion in assets, it 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 as well as Orange and Sarasota counties in Florida. It also offers factoring and business credit nationally through Gulf Coast Business Credit.