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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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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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Working with CDFIs Can Help You Reach More Small Businesses

Conventional banks and Community Development Financial Institutions (CDFIs) work best when working together. By doing so, we create significant and measurable ripples of success that strengthen our organizations, the clients we assist and the communities we serve. Excelsior Growth Fund (EGF) has worked with many bankers to create win-win situations for them and their clients in New Jersey, New York and Pennsylvania. In this article, we take a closer look at the positive impact of partnerships [...]

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Benefits of Community Development Financial Institutions

Here’s a great opportunity for banks looking to better serve their small business customers: According to a survey by the Federal Reserve Banks, 61% of small businesses faced financial challenges within the last year—access to credit was named as the number one challenge for these businesses, and only 45% of small businesses were successful in securing traditional financing for their needs. While these small businesses did not qualify for conventional financing, an alternative lender [...]

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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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