Whether your food and beverage business is a startup or an established company looking to expand, securing funding can be much more difficult than just going to a traditional bank for a loan. Often, the food and beverage industry is seen as risky, which only makes it harder for a business owner to succeed. That’s why we teamed up with PieShell, a crowdfunding resource for food and beverage entrepreneurs, to share these funding sources for any aspiring food and beverage business owner.
See the full Six Ways to Fund Your Food + Beverage Business article on PieShell’s blog.
Crowdfunding is a great form of financing for businesses that have a large network of supporters. Another alternative is obtaining a loan through the U.S. Small Business Administration (SBA) or a Community Development Financial Institution (CDFI). These entities are mission-driven and cater specifically to those who may have a hard time getting loans from traditional banks. CDFIs like Excelsior Growth Fund (EGF) offer an online loan program that is a safer alternative to sometimes-predatory online lenders.
Learn more about choosing the right online lender for your small business.
While it may not be a cake walk to finance your business needs, New York Business Development Corporation (NYBDC), EGF and our partners at PieShell have pooled our resources to help you find the best way to do so.
About Excelsior Growth Fund
Excelsior Growth Fund (EGF) helps businesses in New Jersey, New York and Pennsylvania grow by providing streamlined access to business loans and advisory services. EGF’s signature product, the EGF SmartLoan™, provides up to $100,000 in fast, transparent, and affordable financing through a secure online platform. Larger loans up to $500,000 are also available. EGF is a nonprofit organization and is certified by U.S. Department of Treasury as a Community Development Financial Institution (CDFI). Learn more atwww.excelsiorgrowthfund.org.