The Southern Belle
General Manager Joy Reinhart has been working on the Southern Belle Riverboat since 1986. Today, Joy and her husband Joe own that same Riverboat.
The Reinhart 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. The loan was approved by SBA on June 1, and the loan closing took place nine days later on June 10. This was a standard 7(a) loan with a 75% SBA guarantee.
"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.”
Mr. Griffin further stated, “It just had to get done, and we did it!"
L-R: Gabe Thomas, Community National Bank; Greg Yeoman, Capital Growth; Joy Reinhart, Joe Reinhart, The Reinhart Group; Gary Griffin, Capital Growth; and Stephen Still, Community National Bank.