Business Resources Library

What are SBA Microloans

Among all of the small business loans that are available, one of the most popular for expanding businesses is the U.S. Small Business Administration (SBA) Microloan. With loans typically ranging from $599 to $50,000, the SBA Microloan is the ideal loan for businesses that need modest funding to grow. In this brief article, Excelsior Growth Fund (EGF) explains what SBA Microloans are, why they work so well for many small businesses and how to get one. What are SBA Microloans? The Microloan [...]

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Building a small business network

Successful entrepreneurs agree that building strong professional networks is imperative, but the reality for many small business owners is that it’s hard to find the time to build and nurture their networks. As a result, they miss out on valuable opportunities to learn from others and grow their businesses. To make it easier to focus valuable time on your business network, Excelsior Growth Fund’s Business Advisors compiled this list of ideas and resources that can help you target [...]

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Steps to improve employee engagement

One of the key factors to running a successful business is knowing how to engage and motivate your employees. Having an engaged workforce can promote employee retention and productivity, foster customer loyalty and improve organizational performance. While some methods of employee engagement, such as raising wages and offering more expansive health and retirement benefits, aren’t always possible for every small business right away, there are many simple and cost-effective ways that [...]

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Balancing Motherhood and Entrepreneurship

As the founder and majority owner of North East Atlantic Construction (NEAC), Nury Gomez knows a lot about the importance of building solid foundations. As she’s grown a successful business, she’s also learned that for women to balance the challenges of both motherhood and entrepreneurship, it’s essential to build solid foundations in their personal lives. Taking the leap Although she was formally educated as a journalist, Nury had long been interested in [...]

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