Bank of America Business Capital has extended the $60 million revolving loan facility for Gulfside Supply, for general corporate needs. Gulfside has been a Bank of America Business Capital client since 2004.
“Gulfside Supply has had a very positive relationship with Bank of America for more than eight years, encompassing both business banking and financing,” said James Barnish, chief financial officer of Gulfside Supply. “Bank of America, and specifically the Business Capital portfolio leads, has been a terrific business advisor. Their guidance and advice, especially during the recent economic downturn, have been greatly appreciated by me and my Gulfside Supply colleagues. I value the collaborative and seamless workings of our relationship and look forward to continuing to grow together.”
Jeff McLane, president of Bank of America Business Capital, said, “We are pleased to provide this financing to help Gulfside continue their growth as the country gets back to building. We value our relationship with Gulfside Supply and support their mission.” Founded in 1973 and based in Tampa, FL, Gulfside Supply is a regional distributor of residential and commercial roofing supplies.
Gulfside operates 60 branches predominantly located in the Midwestern and Southern regions of the United States.