Business Resources Library

When and How to Prepare for a Small Business Loan

All businesses need capital to grow, and the questions of when and how to apply for loans are two that many small business owners ask.  In this article by the Excelsior Growth Fund (EGF) Business Advisory Services team, we look at how to determine when an existing small business needs funding and steps to help you prepare an application and increase your likelihood of approval.     1. Evaluate your business’s funding needs As your business grows, you may find yourself [...]

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Social media for small business

Christopher Villari is a communications professional with over a decade of experience as a marketing and social media consultant and manager. EGF asked Christopher to share his tips on how to use social media to accomplish your small business marketing goals. Small business owners have many options when it comes to marketing their business. Each channel can reach a wide variety of audiences, but most come with a cost. Social media is an inexpensive option that gives you a direct line to [...]

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Your SBA Loan Road Map

When your small business needs financing, there are numerous options to choose from. If you’re just starting out, you may need to rely on friends and family to support your capital needs, and if your business is more established you may qualify for alternative lenders or even a conventional bank loan. Each option has its benefits and could be a good fit for your business. One of the best financing options regardless of the stage of your business is the U.S. Small Business Administration [...]

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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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