CGS Hosts 1st Training Session on SBA Standard Operating Procedures

Capital Growth Solutions held its first training session on April 4, 2011 in Chattanooga, TN.  A very special THANKS goes out to COMMUNITY NATIONAL BANK for providing the spacious facility located in their Rossville Branch, which housed the full day seminar.  The training session was well attended by over 20 participants representing different regional areas such as Nashville, TN, Birmingham, AL, Atlanta, GA and Chattanooga, TN.  "From the feedback I have received," reported Gary Griffin, CGS President and CEO, "the information was both relevant and timely".  Mr. Griffin spoke for about 3 hours on the basics of SBA Standard Operating Procedures ("SOP") 50 10 and SBA Lender Programs and Eligibility.

Bank Source Advisor President Art Freeman who travelled from Birmingham for the training, stated "Gary's SBA seminar ... was immediately impactful.  The day after the training several members of our team were able to apply his and Liz Eicholtz's guidance to projects we are currently working on." 

After Mr. Griffin's presentation, a breakout session was held combined with a box lunch from a local establishment.

Immediately following lunch, CGS Chief Credit Officer Liz Eicholtz trained on the SOP requirements for Loan Processing.  Per Ms. Eicholtz,  "Our intent for this seminar was to provide lenders with two things:

  - A basic understanding of SBA rules and guidelines in order to accurately represent the products available; and
  - The confidence that Capital Growth Solutions is always by their side to provide the necessary detail specific to each lending scenario."

Ms. Eicholtz further stated "the SOP is continually changing in response to these economic times and sometimes it is tough to stay up on all the changes.  We at Capital Growth Solutions make it our priority to make sure that we are current." 

The final session was directed by Matt Eicholtz, Business Development Officer for Georgia Resource Capital.  Mr. Eicholtz gave a brief overview of the SBA 504 program and the new initiatives in place during the recovery period.  "I really appreciate the invitation from Capital Growth Solutions to be a part of this great training day.  With so many changes occurring recently in both the SOP and 504 Programs, this was a great opportunity for me to be in front of these various lenders reviewing the changes," Mr. Eicholtz said,  "I want to especially thank Gary Griffin for allowing me to be a part of this very important training."

Per Mr. Freeman, "CGS consistently puts us in a position where we can be problem solvers and deal makers!"

Mr. Griffin expressed his thanks to all who participated and said "we look forward to a repeat performance in the Birmingham area shortly."

CAPITAL GROWTH SOLUTIONS

6650 East Brainerd Road, Suite 212

Chattanooga, TN  37421

423-475-5700

email:  info@capgs.com

http://www.capgs.com/