Updates

Top 5 Article to Share With Your Clients

At Excelsior Growth Fund, our mission goes beyond providing access to capital for small business owners. We also help business owners prepare for long-term success by providing them with the support they need to become eligible for traditional financing in the future. Through our one-on-one business advisory services and our vast array of financial education articles in our Business Resource Library, we help business owners improve their financials and operations for sustainable growth. When [...]

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ValuePenguin Interviews EGF's Paola Garcia

Tuesday, August 14, 2018
ValuePenguin Interviews EGF's Paola Garcia

ValuePenguin's Justin Song recently interviewed Excelsior Growth Fund Assistant Vice President Paola Garcia on small business financing from a lender's perspective. In the interview, Paola discusses the importance of small business essentials such as an updated business plan and financials, as well as how and when business owners should apply for financing. Justin and Paola also cover how business owners can determine their financing needs, and how to monitor the return on investment of their [...]

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We’ve Lowered Interest Rates for Loans Under $50,000

We’re proud to announce that Excelsior Growth Fund can now offer loans up to $50,000 at a reduced interest rate of just 9.125% through the SBA Microloan program! EGF is now the only lender in New Jersey, New York, and Pennsylvania that offers the SBA Microloan program through a digital process, with loans approved in just two business days and fully funded within five days. EGF has been allocated $3.25 million in SBA microloan funds and has already been leveraging the program to support [...]

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We’re Celebrating Our $25 Million Milestone in Community Lending

We’re pleased to announce that Excelsior Growth Fund (EGF) recently topped $25 million in community business lending through our SmartLoan™ and ImpactLoan™ products. More than 300 business owners have received affordable and responsible capital through our rapid approval process, designed to streamline access to alternative capital when bank financing is not possible. This achievement has been fueled by explosive growth this fiscal year. Since October 1, 2017, EGF has provided [...]

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Ready to Refinance: A Closer Look at the EGF SmartLoan

For small businesses, unaffordable debt can be debilitating. At best, owners struggle with tight cash flow. At worst, they become trapped in a debt cycle that’s virtually impossible to break.  Because of this, nearly a quarter of small businesses that apply for funding today do so to refinance debt.* This debt is frequently incurred from credit cards, predatory online loans, or simply conventional loans at higher rates than the borrower would qualify for today. NYBDC has historically [...]

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