Finding the best advice for your business takes time, but the business advisory team at EGF has you covered! Our advisors have scoured the web and assembled a list of go-to resources for accessing capital. Have additional questions? Contact us to schedule a free one-on-one business consultation today.
Financing Options for Small Businesses
If you’re a small business looking to expand, debt financing is often your first solution. When applying for a loan, there are various funding sources for a business owner to consider. These resources will help you understand your options, along with their benefits and disadvantages.
A Guide to Getting a Small Business Loan - Business News Daily
Debt vs. Equity Video - Khan Academy
Business Plans 101 - Accion
How to Prepare to Meet with a Lender
You only get one chance to make a great first impression. When meeting with a lender, it’s important to be prepared to ensure your application process starts off on the right track. Though each lender has different requirements, it is essential to bring your most recent personal, financial, and general business information to your meeting. With the tools below, you will become familiar with how to prepare for a meeting with your lender, and how to make that great first impression.
Preparing to Meet Your Lender: A Checklist - Dun & Bradstreet
Access to Capital - Preparing to Meet Your Lender - Dun & Bradstreet
Tips for Business Borrowers: Preparing for Your Lender - American Bankers Association
When Are You Ready to Borrow?
Taking on a business loan can be a challenging responsibility. That’s why it’s important to know the right time to borrow, and how much to you will need for your business. The following resources will help you effectively plan and implement a borrowing strategy with a few simple financial calculations and suggestions.
Debt Service Coverage Ratio - EGF printable one-pager
Working Capital - EGF printable one-pager
Retained Earnings - EGF printable one-pager
Tips to Raise Finance for Your Existing or New Small Business - Raisecapital.com
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.