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/