Business Resources Library

Viewing Category: Business Loans and Financing
NYC Contract Financing Program

It’s essential to know what your financing options are when you’re a small business owner. The City of New York Contract Financing Loan Fund Program, available through Excelsior Growth Fund (EGF), provides working capital loans at 3% interest to prime or sub-contractors working or bidding on a project with a NYC agency or the NYC Economic Development Corporation (NYCEDC.) This 45-minute webinar will give you a full overview of the loan program and how it can benefit you and your [...]

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What small business owners need to know about loan fees

With so many lenders and loan options available to small business owners today, how can you choose the best loan for your business? While many potential borrowers focus on interest rates, there’s an equally important consideration: loan fees. These vary from lender to lender and can have a significant impact on the amount of money you’ll owe upfront, throughout the loan, and at payoff time. To help you better understand the lending landscape, Excelsior Growth Fund (EGF) put together [...]

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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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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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