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Yosara Trujillo shares her small business success story

In 2012, while preparing for the New York State bar exam and raising her son as a single mother, Yosara Trujillo’s stress levels were as high as the demands on her time. She envisioned a regular yoga practice to help balance her hectic life, but she had neither the time to travel from her Bronx home to Manhattan (where the closest yoga studios were located), nor the money for classes, child care and roundtrip subway fare. That’s when Yosara’s entrepreneurial [...]

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Leon Smith III share his story on growing Niagara Lubricant Company

Leon Smith III is a third-generation owner of Niagara Lubricant Company, Inc.—a manufacturing mainstay in Buffalo, New York since 1923 (his grandson, who is also part of the family business, represents the fifth generation). Leon’s also a service-disabled U.S. Navy veteran who served in the Vietnam War. Leon’s professional and service experiences result in a business that’s run like a well-oiled machine. At the plant, which is located in the heart of Buffalo’s East [...]

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Cash Flow: What It Is and Why It Rules Small Business Lending

Maybe you’re an entrepreneur with a great idea for a product or service, an identified target market and a knockout startup marketing plan. Or, maybe you’ve been in business for a few years and you’ve gained the insight needed to leverage changes in your industry, gain competitive advantages and grow your business further. Even with these key areas checked off the small-business-success list, there are two significant things needed to bring your ideas to [...]

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What You Need to Know About Small Business Contract Financing

There are tremendous opportunities for small business owners who are interested in obtaining contract work with New York City-based agencies. In order to take advantage of these opportunities, it’s important that the business has adequate capital to fund it. How can you get financing that can help your business bid more competitively and enable contract fulfillment? That’s where the New York City Contract Financing programs come in. This article by Excelsior Growth Fund’s [...]

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What lenders want to see in your business plan

As a small business lender, Excelsior Growth Fund has “insider” knowledge about what lenders really look for in business plans. Ensuring that your plan includes the key points outlined in this article will help lenders better understand your business and your funding needs. Every business needs a plan. While they’re critical during the startup phase, they’re just as essential during growth periods to keep leadership focused. Down the road, your business plan can provide [...]

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