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/

 

Mike Howard is Vice President of Operations at CAPITAL GROWTH SOLUTIONS, LLC

In 2008, Mike Howard joined Capital Growth Solutions as its Vice President of Operations.  His responsibilities include conducting and supervising the areas of loan processing and closings.  Mr. Howard is a primary liaison between CGS and the U. S. Small Business Administration with respect to loan applications.  He coordinates with all relevant parties to ensure that closings are done in a timely and orderly fashion.

Mr. Howard began his banking career in the loan operations department at Suntrust Bank in 1987. During his 9 years with Suntrust, he learned the many different functions of the bank's loan department. In 1996, he was hired by First Volunteer Bank to manage its loan operations. Mr. Howard and an assigned staff of eight people were responsible for a loan portfolio in excess of $383 million comprised of over 6,000 loans.  Mr. Howard was actively involved in the growth and development of First Volunteer as a member of the Strategic Planning Committee. He was instrumental in streamlining operations during several mergers and also managed the $20,000,000 SBA portfolio of the bank. He then took a position as HMDA and CRA officer for the bank and worked in bank compliance for the next five years.

From 2005 to 2007, Mr. Howard was Vice President of Operations and Loan Closing Manager for a conduit loan origination operation which generated and closed over $300 million in commercial real estate and small business loans.

In his free time, Mr. Howard enjoys volunteering at the Tennessee Aquarium (for over 13 years).  He has also been active as a Chattanooga Jaycee.

For over 22 years, Mike Howard has been a crucial part of the banking and finance world.  He regularly attends workshops and conferences to keep up to date with the most recent developments and changes in banking policies and procedures.

Capital Growth Solutions is proud to have Mike Howard on its team of leaders!

CAPITAL GROWTH SOLUTIONS

6650 East Brainerd Road, Suite 212

Chattanooga, TN  37421

423-475-5700

email:  info@capgs.com

http://www.capgs.com/