Business Resources Library

Common Financial Challenges

While many entrepreneurs thrive on driving business dreams toward success, financial challenges can drain the energy from even the most committed business owners. The good news is that with some planning, attention and advice, the most common financial challenges won’t be barriers to growth. In this article by Excelsior Growth Fund’s Business Advisory Services team, we look at five common growth-stage financial challenges and how to prepare for and overcome them. 1. Challenge: [...]

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How to improve your business credit score

You’re likely familiar with personal credit scores, which are based on criteria like the percentage of your available credit that you use, whether you make timely payments and the types of credit lines that you carry. But did you know there are also business credit scores? What is a business credit score? Much like personal credit scores, business credit scores measure the creditworthiness of your business and are sometimes used to predict the likelihood that your business will default [...]

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Is franchising right for you?

Excellent business opportunities don’t come just from starting brand new companies—they often come from franchising existing companies. Is this the right path for you? In this article, business owner and franchising consultant Cheryl Lickfeld talks with Excelsior Growth Fund (EGF) about the advantages and challenges of franchising. Cheryl’s the owner of Optimal CFO, a company that offers outsourced accounting and financial education. She’s also a franchise consultant to [...]

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How to fund your startup business

Insufficient funding is the leading reason why many startup businesses never really get off the ground. It doesn’t have to be like that, though, as there are loan programs available to help startups succeed. In this article, the Excelsior Growth Fund (EGF) Business Advisory Services team presents a specific type of startup loan—the U.S. Small Business Administration (SBA) Community Advantage program—and what it takes to obtain one. Learn more about this loan program and how [...]

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How much working capital does your small business need?

  In the small business world, the term “working capital” is used to describe a number of financing needs, but what is it really? Adequate working capital is one of the most important resources for your small business, and having a better understanding of it can position your business for success. Our working capital webinar will help you evaluate how much working capital your small business needs to be successful. In this 45-minute webinar presented by Excelsior Growth Fund [...]

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