Capital Growth Solutions, LLC Closes $2.5 Million SBA Loan in Tallahassee, FL

Capital Growth Solutions, LLC ("CGS") closed a $2.5 Million Small Business Administration ("SBA") 7(a) loan in North Florida on Friday, March 8, 2013.  "This is the first of three loans we will close in the next couple of weeks for our first Florida Bank member," CEO Gary Griffin stated.  This Lender began its relationship in December 2012 with CGS to utilize CGS's outsourced SBA lending services.  "While I was en route to this closing, two more Florida banks requested a visit from CGS -- from both North and South Florida", Griffin said.

The Florida market is not the only booming SBA market right now.  CGS has signed on several new banks in Georgia, Alabama and Tennessee.

By outsourcing their SBA department, Banks can reap the benefits of doing SBA loans without the expense of establishing an in-house SBA department.  CGS's team consists of highly qualified and seasoned SBA personnel.  They cover every aspect of SBA lending from assisting in the preparation of the credit analysis, submitting the application to SBA, closings, loan operations, monthly servicing and reporting and, if necessary, liquidation.  CGS also provides training to their Banks, so that the Bank personnel are fully informed on all aspects of SBA lending.  "With the  constant updates to SBA rules and regulations, training has become an even more important facet of the services proved to our Bank members," Griffin added.

On a side note, in conjunction with SBA, CGS's CEO Gary Griffin has instructed lenders at SBA's conferences on the topic of "Preserving the SBA Guaranty".  Griffin conducted classes in Kingsport/Bristol and Knoxville, TN in February and will be in Cookeville, TN in March.


Submitted by:

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

email: info@capgs.com

http://www.capgs.com/