Business Resources Library

Earth day

Individually and collectively, small businesses are taking the steps to reduce unnecessary waste and ramp up sustainability efforts. From going digital to switching to energy-efficient equipment, these simple steps can have a profound impact on the environment and can also help increase your business’s operational efficiencies and bottom line. In honor of Earth Day, Excelsior Growth Fund is encouraging business owners to look into small changes they can make today to implement [...]

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The Small Business Banker’s Guide to Alternative Financing

When your clients need financing to grow their businesses, they turn to you to help them find the product that will best fit their needs. For those that don’t qualify for a bank loan, alternative financing may be a good solution. To help you better navigate the alternative lending landscape and find the best financing options for your clients, we’re sharing our recently updated guide to alternative financing. This guide highlights several alternative financing options available [...]

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Business Risk Profile

Many small business owners understand the basics of small business loans. When it comes to borrowing, your business’s risk profile is another factor that lenders look at and it can have a significant impact on loan approvals. In this article, we explain what a business risk profile is, why it matters and share tips to help you improve yours. What is a business risk profile?  Simply put, a business risk is any short- or long-term factor that represents a direct or indirect challenge [...]

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Online Business Apps

Even if your business is on a tight budget, there are numerous free, web-based resources available to help you stay organized, streamline communications, and optimize your online presence.  To help you navigate the seemingly endless sea of online business resources, we’ve compiled a list of five applications that can help your company achieve its goals without breaking the bank. 1. Project & Task Management Trello: Trello is an easy-to-use project and task management [...]

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Personal Guarantee

If you’ve applied for a small business loan or are considering doing so, there’s a requirement that most lenders have and it often comes as a surprise to borrowers: it’s the personal guarantee. In this article, we look at what lenders mean by personal guarantee, why it’s required and what they include. What is a personal guarantee? Simply put, a personal guarantee is a business owner’s promise to repay a business loan personally, in case the business is ever [...]

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