News

Steve Cohen with New York SBA District Director Beth Goldberg We are proud to announce that Excelsior Growth Fund (EGF) has been recognized as the Financial Services Champion of The Year by the New York SBA District for our work as an innovator in providing loans and advisory services to New York State’s small businesses.  EGF President Steve Cohen accepted the award at a ceremony this week, along with eight other exemplary businesses and organizations recognized in various [...]

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New York – Congresswoman Carolyn B. Maloney held a press conference at Roberto’s Winds & Michiko Studios, a thriving small business and EGF client in Manhattan. The conference was in celebration of Small Business Week and announced the Congresswoman’s bill, the Investing in America’s Small Businesses Act.  The act, which is strongly supported by small businesses and Community Development Financial Institutions (CDFIs), would create grants that protect the CDFI [...]

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Brooklyn, NY -Me and General Design is a boutique interior design firm operating out of Brooklyn which specializes in cutting edge residential, hospitality and commercial design. The husband and wife team of Cristina Casañas-Judd and General Judd has been looking to do a major launch of some of their branded products, in particular their Swick Board, a patented luxury sound system housed in a life size surfboard, but needed additional capital to make it happen.  Cristina [...]

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NYC news station NY1 features EGF President, NYBDC clients

New York City-based news network NY1 aired a two-segment story about the rise of women-owned businesses. Excelsior Growth Fund President, Steve Cohen offered his outlook on the state of these businesses in New York’s most populous metropolitan area.  “Over the past 10 years, the numbers of women-owned businesses in the city has grown by 65%,” said Cohen, noting that New York City in particular has “the largest number of women-owned businesses of any city in the [...]

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Renowned finance magazine, Fortune Magazine, featured Excelsior Growth Fund as one of the initial lenders who will have access to the Contract Financing Loan Fund. This $10 million fund was announced by New York’s Department of Small Business Services and is designed to help minority- and women-owned businesses in New York City obtain low-interest contract financing loans.  The loans, which can be taken out in amounts up to $500,000, have an interest rate capped at 3%-- more than [...]

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