Updates

8 Mar

3 Veteran Business Owner Success Stories Made Possible Through Referral Partners

EGF veteran loan program

When military veterans transition back into their civilian lives, many opt to become entrepreneurs. Their time in the military and the skills they’ve developed give them a distinct perspective, which translates well to life as a business owner. However, for many veteran entrepreneurs it can be difficult to find the funding they need to grow their businesses.

At Excelsior Growth Fund (EGF), we understand the unique challenges that veteran entrepreneurs face and are honored to work with veterans who served our country and are now operating businesses that strengthen our communities. Through our veteran loan program, made possible with support from Bank of America, we offer business loans up to $250,000 at a reduced fixed interest rate of just 5.75%.  All Reserve, National Guard and Active Duty personnel, as well as honorably discharged veterans and spouses are eligible for veteran loans.

We value the critical role that our partners have played in spreading the word about this program. Through your referrals, we’ve helped give back to our country’s veteran entrepreneurs by providing them with the funding and resources they need to grow and thrive. To show our thanks, we’re highlighting three veteran business owner success stories that were made possible by our referral partners.

 

Industry Standard USA, LLC | Liverpool, NY

Chris Dambach, recipient of a $50,000 veteran loan

Referred by the Vet Met Network

As a veteran of the U.S. Marine Corps, Chris Dambach has made it his mission to give back to his fellow veterans. Through his facility maintenance company, Industry Standard, Chris provides a full range of services to national Veterans Affairs (VA) cemeteries, VA hospitals, Army bases and more. In December 2018, after being awarded a five-year contract to restore and maintain the Memphis Tennessee VA National Cemetery, Chris received a $50,000 loan through EGF’s Veteran Loan Program. With this loan, Chris hired five new employees and purchased equipment for the Memphis contract. 

Glenn Read Enterprises, LLC | Schenectady, NY

Glenn Read, recipient of a $100,000 veteran loan

Referred through VetCon Alliance NY

 In 2016, after serving for 23 years in the U.S. Army, Glenn Read launched his full-service printing, mailing and marketing business, Glenn Read Enterprises, in Schenectady, NY. Today, Glenn Read Enterprises provides a number of services including, bulk mailing, direct marketing and printing services for marketing and promotional items. When Glenn needed capital to refinance his high-cost business debt, he turned to EGF who provided him with a $100,000 loan through the Veteran Loan Program. With his loan, Glenn has reduced his monthly payments by $7,500.   

NV Maintenance Services, LLC | Bohemia, NY

Victor Noce, recipient of a $100,000 veteran loan

Referred through VetCon Alliance NY

Victor Noce is the principal and president of NV Maintenance Services, a janitorial services firm that provides commercial cleaning and building maintenance services throughout the New York City metropolitan area. In January 2019, Victor was approved for a $100,000 veteran loan through EGF’s Veteran Loan Program, which he used to purchase new equipment and cover payroll costs. In his spare time, Victor, a U.S. Marine Corps veteran, volunteers at the Northport VA center, where he uses his knowledge of music to help his fellow veterans recover from PTSD and other ailments.

Have a deal to discuss? Get in touch with us today to learn more about how we can work together to help veteran businesses grow!