News

New York, NY – Karen Harvey secured an Excelsior Growth Fund SmartLoanTM in the amount of $100,000 for her consulting firm, Karen Harvey Consulting Services Inc. The head of the market research firm that specializes in consulting luxury, fashion, and retail companies plans on using the loan as working capital to hire a sales team. Karen’s well established business has been running since 2001 and operates out of an office in the high-end NYC neighborhood of Chelsea.  Harvey was [...]

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Long Island City, NY – Melcon General Contractors received a loan from Excelsior Growth Fund (EGF) for $100,000 to be put towards seasonal working capital needs. The contracting company specializes in both commercial and residential projects, and after exceeding projections for the company’s first five-year plan, owner Eric Mendoza has put in place an even more optimistic growth model. EGF also helped him train his office manager on bookkeeping strategies in order to continue on the [...]

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Staten Island, NY— Anthony Palmieri of Veritas Imaging received an Excelsior Growth Fund loan for $100,000. After hearing about EGF through one of his own staff members, Anthony pursued a loan to be used as working capital for his mobile sonogram business. This Staten Island entrepreneur was pleased with the ease of the process and, thanks to the loan, is exploring the possibility of opening an office where patients could come for sonograms outside of doctor’s office hours or for [...]

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SBA Awards Excelsior Growth Fund $750,000

Thursday, March 2, 2017
Excelsior Growth Fund awarded a $750,000 check from the SBA

 “We are proud to be partners with Excelsior Growth Fund in delivering valuable assistance in order to start and grow local small businesses,” Syracuse Small Business Association (SBA)  executive director Bernard J. Paprocki said in a press release in February. Paprocki recently awarded a $750,000 check to Excelsior Growth Fund (EGF) CEO Pat MacKrell for their dedication to helping businesses in New York grow.  Recently, EGF has started a microloan program to help [...]

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A Look Under the Hood EGF's Online Loan Application

At Excelsior Growth Fund, we value transparency. We believe that being upfront and honest is essential when working with clients and partners. Instructions in loan applications can be vague, lengthy and difficult to comprehend. Our process is different!  That’s why we’re offering a look under the hood at our online loan application. What makes EGF's process so easy? We’re proud to be a Community Development Financial Institution (CDFI) that offers a loan product and [...]

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