Capital Growth Solutions-7a-servicing: June 2011

Thursday, June 30, 2011

Capital Growth Solutions Helps Couple Purchase the Southern Belle Riverboat with a Small Business Administration Loan

The Reinert Group Wanted to Buy a Riverboat. With the Help of Community National Bank and Capital Growth Solutions...They DID!

General Manager Joy Reinert has been working on the Southern Belle Riverboat since 1986.
Today, Joy and her husband Joe own that same Riverboat.

The Reinert Group purchased the Southern Belle with a US Small Business Administration 7(a) loan through the combined efforts of Capital Growth Solutions (“CGS”) and Community National Bank (“CNB”).

CGS submitted the $2.3 million loan application on behalf of CNB to the SBA on May 25, 2011. The loan was approved by SBA on 6/1/11 and the loan closing took place 9 days later on 6/10/1. This was a standard 7(a) loan with a 75% SBA guarantee.

(Left to Right) Gabe Thomas, Community National Bank; Greg Yeoman, Capital Growth; Joy Reinert, Joe Reinert, The Reinert Group; Gary Griffin, Capital Growth; and Stephen Still, Community National Bank.

"The amazing fact is this loan was processed, approved and closed so quickly," said CGS President Gary Griffin. "We all contributed to get this done in time for the Riverbend Festival. The boat is docked on the Tennessee River right in the middle of the Festival site and was a tremendous source of revenue for this venture.” Griffin further stated, “It just had to get done, and we did it!"

CAPITAL GROWTH SOLUTIONS

6650 East Brainerd Road, Suite 212

Chattanooga, TN 37421

423-475-5700

email: info@capgs.com

http://www.capgs.com/

Thursday, June 16, 2011

Capital Growth Solutions Welcomes 2 New Employees

Capital Growth Solutions ("CGS") expands to better serve the small business community with the addition of two employees: Reed Fransley and Andrew Anderson.

CGS welcomes enthusiastic new employees

Reed began working with CGS in December 1, 2010 as an Assistant Vice President of Loan Servicing. Reed graduated from University of Tennessee, Knoxville in 2009 with a degree in Language World Business with a concentration on Spanish. Reed studied abroad in 2007 in Madrid, Spain and in 2006 he attended the Universidad de Guanajuato in Mexico. "Reed is in training to be the servicing and liquidation department head," said Hope Howell, VP of Loan Servicing and Liquidation, "he will walk into my shoes in 2 years when I retire."

"Times indicate that a bilingual employee will be extememly beneficial to our Company," Ms. Howell commented. In keeping with this thought, both Reed and Andrew are bilingual at an intermediate/advanced level in Spanish.

CGS's most recent addition is Andrew Anderson who joined Capital Growth Solutions in April of this year. Andrew is the Assistant Credit Officer under the direct supervision of Liz Eicholtz the Chief Credit Officer. Andrew graduated from the University of Tennessee at Chattanooga with a B.S. in Finance in 2009. Additionally, Andrew received an Advanced Spanish Certification through the Andean Global Studies organization while studying in Ecuador for six months. "His finance background combined with his Spanish language skills made Andrew a stand-out employee prospect", says Gary Griffin, President and CEO of Capital Growth Solutions.

Per Liz Eicholtz, "Andrew will assist the credit department with all functions. He will be responsible for loan submission to SBA and follow-up until approval is received. He will coordinate receipt of documentation from borrowers and banks, aid in pre-screening prospective loan requests and aid in the formal underwriting process."

Capital Growth Solutions continues to grow to better serve the Community's needs. We welcome Reed and Andrew to the team!