CGS Continues to Expand - Welcoming 2 New Employees

Capital Growth Solutions, LLC ("CGS")  has increased its Loan Servicing and Liquidation Department to better serve the expanding volume of loans in that department.  Two new hires include Jim Gugliemino and Ryan Summerlin.

Jim Gugliemino comes to CGS with vast experience in the banking business. He has worked as a loan officer, business development officer, residential and commercial mortgage broker and underwriter. Jim has been involved in the origination process of loan development through the underwriting, packaging, processing, closing and servicing of commercial and business loans under the US Small Business Administration 7(a) and 504 programs as well as secondary market conventional programs.
 

Jim's analytical experience gained through his examinations of Borrower's Applications, Lender's Applications for Guaranty, Loan Officer's reports, global cash flow analysis, schedules of collateral, Sources & Uses, historical and pro-forma income statements and balance sheet analysis, debt repayment ability analysis and diligence reports and appraisals will provide a valuable asset in the continuing growth and expansion of Capital Growth Solutions, LLC.

Ryan Summerlin joins Capital Growth Solutions to lend a hand as a Loan Officer Trainee.  Ryan's past experience as a lending assistant and as a loan officer trainee for First Bank of Dalton (GA) will be beneficial as he posts service fee income payments, balances bank accounts for the 14 plus banks which profit from CGS's outsourcing of their SBA loans.  Ryan also books and sells loans.  He is responsible for creating the 10 tab files and credit files for CGS loans.

 
CGS Vice President of Loan Servicing and Liquidation Hope Howell says: "We welcome both Jim and Ryan to our team.  They will both be assets in the ever changing SBA world."

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/

Capital Growth Solutions' CEO Gary Griffin Speaks at SBA's Alabama Lenders Conference

The Alabama office of the U. S. Small Business Administration ("SBA") invited Capital Growth Solutions, LLC's  ("CGS") President and Chief Executive Officer Gary Griffin to speak at their annual Lenders' Conference held at the beautiful Marriott Legends at Capital Hill in Prattville, AL on April 4 - 6, 2012.  Over 130 people from at least four different states attended this year's conference.

Some of the attendees pictured above enjoying a delicious lunch are (from left to right) Rob Richardson, Senior Vice President at Southern States Bank, AL, Angie Sweatman, Vice President of Alabama Small Business Capital and Lynn Long, President of First Financial Group, Atlanta, GA.

Mr. Griffin and Deputy Center Director Greg Prichard, from the SBA 7(a) Loan Processing Center of Citrus Heights, CA, shared the SBA 7(a) Loan Packaging and Underwriting session.  This session was held twice on Thursday, April 5, 2012.  Griffin and Prichard reviewed the 7(a) loan processing and submission through the Loan Guaranty Processing Center ("LGPC").  "From the feedback we received, everyone benefited and enjoyed the session," Mr. Griffin said.  "Working with Greg Prichard was a real pleasure; it was like we'd been doing presentations together for years!"

Mr. Griffin and Mr. Prichard were awarded a gold coin "of the realm" by Tom Todt, District Director for the SBA's Alabama District Office for their service and contributions to the Conference.

(Pictured above, Gary Griffin on left and Greg Prichard on right.)

Additionally, First Partners Bank f/k/a SouthCity Bank received the Community Bank of the Year award for 7(a) Lending.  "First Partners was one of the very first lenders to join our [CGS's] loan service provider network," Gary Griffin said.

(Pictured above from left to right are  SBA LGPC Deputy Director Greg Prichard, Tracy Corcoran, Vice President and Art Freeman, EVP, Chief Lending Officer of First Partners Bank and SBA District Director Tom Todt.)

"We [First Partners Bank] are dedicated to the SBA and small businesses, because we believe the SBA's philosophy is in line with our bank's mantra: When you succeed, we succeed...the same goes for our SBA partners at CGS.  They understand when we are doing well, they are doing well.  So it is a mutually beneficial relationship that we, the SBA, our borrowers and Capital Growth Solutions all share,"  Ms. Corcoran stated.

When asked what was the most important thing to take away from this conference, Mr. Griffin said, "The lenders need to be constantly aware of the changes in the standard operating procedures of SBA and the resources that SBA has available to assist the small business community."

Capital Growth Solutions is very proud to be a part of SBA's training at a state and national level.  "It is an honor to be invited to participate in this conference," Mr. Griffin said, "I firmly believe in the SBA program and all its benefits to our small businesses."

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On a side note, two separate lending institutions represented by Capital Growth Solutions, LLC made the two largest SBA loans in the state of Alabama in the fiscal year 2011 in the amount of $5 million each.

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/

Capital Growth Solutions attends SBA SE Small Business Lenders Conference

President and CEO Gary Griffin and Chief Credit Officer Liz Eicholtz attended the 2012 Southeastern Small Business Lenders Conference at the beautiful Reynolds Plantation Ritz Carlton in Greensboro, Georgia this past week (Feb. 5 through Feb. 7, 2012).

As with most of these events, a golf tournament began the weekend.  Our very own Gary Griffin won the longest putt contest with a 14 foot 7 inch putt.  Way to go Gary!

After the golf tournament, it was on to a fabulous Super Bowl party at a local theatre.  We were able to watch the game on a huge, theatre-sized screen, as well as many flat screened TVs that were scattered about the second floor.  Our tailgating food consisted of chili dogs and nachos with drink coupons at a full bar and a 3-tiered cake for dessert.  Great fun had by all -- especially the NY Giant fans!

Monday was down to work with the conference, attended by over 260 people, beginning in earnest.  "The conference was very well timed and informative", said Gary Griffin, CEO Capital Growth Solutions, LLC.  "We gathered a great deal of information  that will help our Bank clients continue to expand their Small Business Administration ("SBA") lending platforms, both in 7(a) lending and 504 loans," Gary continued.

"There are a lot of changes going on in both the SBA 7(a) and 504 world right now and the information provided was timely, accurate and appropriately covered both loan types," commented Liz Eicholtz, Capital Growth Solutions, LLC's Chief Credit Officer.  "The subject choices for the sessions were varied to meet the needs on anyone attending the event, from lenders to liquidators," Liz further stated.

Monday evening attendees enjoyed a dinner and casino night with a DJ and dancing.  

Tuesday was a half day full of information.  "The 'new' personnel in place at SBA in Washington seem to have the best interest of the Lenders at heart, which is an excellent continuation of the progress we made as an industry last year," Gary said.  Liz also commented on the SBA representatives attending the conference and how "easily accessible and willing to address any questions/concerns we were experiencing", these folks were.

"Overall, the conference was well run and appropriately informative.  Greensboro was beautiful," Liz's final thoughts.

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/