The SBA Alternative

Friday, October 28, 2011

Capital Growth Solutions travels to NAGGL Conference in Huntington Beach, CA

On October 24 through October 27, 2011, Capital Growth Solutions' President Gary Griffin, Chief Credit Officer Liz Eicholtz and Office Manager and CGS Blogger Sue Griffin traveled to Huntington Beach, California to attend the National Association of Government Guaranteed Lenders 27th Annual Conference on Small Business Lending.



Surrounded by beautiful beaches, and known as a surfer's paradise, Huntington Beach certainly lived up to its name.  With all the beauty outside it was difficult to concentrate on the seminars inside, however NAGGL hosted many informative seminars that kept the attendees busy during the daylight hours.  The CGS crew was here in California to learn and educate themselves, as they continue to keep up to date with the most recent changes in policies and procedures regarding the U. S. Small Business Administration.




SBA Deputy District Director Rachel Baranick and Lender Relations Specialist Stephen Leung were on hand to lend their expert advice.


Advanced SBA Loan Documentation and Closing, Mastering SBA Credit Underwriting, Advanced SOP 50 10 Training, SBA Loan Servicing and Liquidation, the Mechanics of the SBA 7(a) Secondary Market and the Guaranty Purchase Process were some of the training courses offered.


Attendance at the conference numbered over 650 participants.  The largest conference since 2007.  Capital Growth Solutions as a company continues to grow in direct relation to NAGGL and the SBA.

"It was great to see how excited the SBA is to get our feedback to make their products better and more user-friendly," Liz Eicholtz said. "They're not telling us 'this is the way it is', they actually want to make it the best it can be."  Ms. Eicholtz further stated, "and I was really excited to hear that within the next year they (SBA) are excited about the 504 program overhaul they are planning to do.  The program is great it just needs modifications and updates, and the SBA is ready to make these changes," Ms. Eicholtz concluded.


Of course those who work must have some time to play.  This conference provided two evenings of entertainment in keeping with the beach theme.  A beach party in "parrot"dise opening reception brought together friends and colleagues to taste culinary delights including a roasted pig and encouraged attendees to dress in their favorite beach attire and don their parrot head hats.


Lisa Preston (left) President and Karen L.R. Howard (right) Sr. Consultant of The Preston Group, LLC show off their creativity.  The folks from League City, Texas were definitely the crowd favorites.

On the second evening, we again wore our beach clothes and were off to the Riding the Wave party.  Attendees and guests experienced a mouth-watering buffet dinner which was followed by games at the Coastal Casino, great music from an ultimate surf-style, rock-n-roll band and those brave enough tried their balancing techniques on the simulated wave machine.


Capital Growth Solutions' President Gary Griffin relived his surfer youth days and impressed everyone with his skill and technique.  Not to be outdone, CGS' Liz Eicholtz also took to the waves and showed us all how good she is at balancing not only credit scores but the waves too!




"This was a great conference!  With all the changes in the new regulations and SOPs coming down the road, it was critical that we keep up to date and informed with all the new policies and procedures", said Gary Griffin.


CAPITAL GROWTH SOLUTIONS
6650 East Brainerd Road, Suite 212
Chattanooga, TN  37421
423-475-5700