To our clients and colleagues,
Above all, it is my hope that this letter finds you well and looking towards the future. 2020 has presented many challenges. I am grateful for each of you, our clients, colleagues, and team members. We have all played a role in helping one another and moving forward together. Thank you, for allowing us to serve and support you as you navigate these challenging times.
Capital Plus became a division of United Capital Funding Group LLC and Gulf Coast Bank & Trust Company in 2019. This was an incredible move for us, as many of you know. We improved our software and reduced our cost of capital, but most importantly, we remained strong for our clients through the severe turbulence created by the pandemic.
Today, I am proud to say, we are stronger than ever. Since joining United Capital in 2019, we have steadily doubled our portfolio, reaching more businesses nationwide and helping clients preserve liquidity to remain strong. We are grateful to have the strength of United Capital Funding and Gulf Coast Bank & Trust Company behind us.
Gulf Coast Bank & Trust Company is an FDIC-insured commercial bank, headquartered in New Orleans. The Bank has over $2 billion in assets and equity capital with a net worth of over $175 million. We are well positioned, and I hope that brings you comfort and confidence.
Now, more than ever, it is essential to have a stable financial partner. One that can be flexible as needs rapidly change, and one that has strength behind it. Our team at Capital Plus remains committed to serving our clients and we look forward to navigating the future together.
Success comes from curiosity, concentration, perseverance, and self-criticism.
~ Albert Einstein
Vice President of Sales, Capital Plus