Capital Growth Solutions Closes $25+ MILLION in Loans in First 6 Months of 2013

Capital Growth Solutions, LLC ("CGS") closed over $25 Million in Small Business Administration loans during the first half of 2013.  The largest loan was a 7(a) in the amount of $3,350,000.  Four more 7(a) loans were in the $2,000,000 range; four over $1,000,000 and the remaining 16 or so loans were under $1 Million and comprised of 7(a), SLA and EWCP loans. 

"Despite the continuing struggles in our economy, CGS has gotten off to a fantastic start in 2013 with over $6,000,000 of loans closed in just the past month alone", VP Mike Howard said, "we are on track to repeat these numbers for both July and August". 

CGS's growth continues with the most recent addition of AccessBank located in Texas.  "We continue to grow at one to two banks a month, which is exactly what we are after", President Gary Griffin said.  "We don't need to be the largest or loudest Loan Service Provider out there; we just continue to be the Best".

By outsourcing their SBA Departments through CGS, banks of all sizes can have the technical expertise for safely capitalizing on SBA loans giving these banks the same capability currently enjoyed by the larger banks with their in-house SBA departments.

CGS's team of highly qualified and experienced professionals have an extensive knowledge of guaranty loan programs.  CGS handles everything from structure and underwriting to packaging and processing to closing and servicing, including loan guaranty sales. Monthly and yearly reporting is also done to ensure our Banks' compliance. 

Hope Howell, CGS's VP Servicing-Liquidations, says "It is a thrill to see all of our banks prospering in this economy and for Capital Growth Solutions, LLC to be a part of this wonderful experience".

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/