GENESEO – After a disastrous wave of layoffs and more than a year in confusion, Coast Professionals announced Tuesday that it will finally be moving forward with plans to double its size. Senator Chuck Schumer made the formal announcement Tuesday afternoon to a room packed with employees, some of whom had lost their jobs with the Geneseo branch of the Louisiana-based loan collection agency. "Coast had a real struggle along the way. Not your … [Read more...]
Coast Professionals Inc. the Largest Recipient of County Business Loans
LIVINGSTON COUNTY — The Livingston County Economic Development Agency (EDA) has disclosed an update to their business loan program which says that Coast Professional Inc. is receiving 30 percent of the EDA's total loans. According to Julie Marshall, Economic Development Agency Director, as of Oct. 1, 2015 the program has issued 26 loans totaling over $1.5 million. Of those, 13 loans have been paid in full, 10 are in good standing and only … [Read more...]
Coast Professionals Sparing Some Geneseo Employees From Layoffs
GENESEO – Coast Professionals Inc. hit a rough patch following the U.S. Department of Education's unexpected termination of a large contract, but now has sent a letter to the Village of Geneseo saying that their outlook is not as bad as originally thought. Coast, a national-scale student loan collection agency, said in letters to the Village of Geneseo in March that the contract termination, an action for which Coast sued the Department of … [Read more...]