Updates

EGF 10 Year Anniversary

We’re proud to share that Excelsior Growth Fund (EGF) recently reached a major milestone, celebrating 10 years as the community development lending affiliate of New York Business Development Corporation (NYBDC). Over the past decade, we’ve identified an underserved market of small business owners, and have made it our mission to create affordable funding solutions for our clients. Since our start, we’ve provided 1388 loans totaling over $64 million to everyday community [...]

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EGF Awarded $250,000 from Wells Fargo

We are pleased to announce that Excelsior Growth Fund (EGF) has been awarded $250,000 to support lending activities in New Jersey and Pennsylvania from the Wells Fargo Works for Small Business: Diverse Community Capital program. The Diverse Community Capital program awards lending capital and grants to Community Development Financial Institutions (CDFIs), like EGF, which in turn deliver responsible, affordable financial products to diverse small business owners who do not typically have access [...]

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Coleman Awards Winners

Every year, The Coleman Report recognizes the accomplishments of lenders in the SBA lending community.  We’re proud to announce that this year, Excelsior Growth Fund’s (EGF) Chief Executive Officer Pat MacKrell and Assistant Vice President Paola Garcia, have been recognized by The Coleman Report for their exceptional work in small business lending. Pat MacKrell - Coleman 2018 Main Street Lender of the Year For his extensive contributions to the small business community, Pat [...]

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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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Excelsior Growth Fund & Westminster Economic Development Initiative receive $100,000 from KeyBank Business Boost & Build Program, Powered by JumpStart

The KeyBank Business Boost & Build Program, powered by JumpStart, is celebrating National Small Business Week by awarding $100,000 to Excelsior Growth Fund (EGF) and Westminster Economic Development Initiative (WEDI).  With this new funding, EGF and WEDI will deepen existing partnerships and together will offer loan options from $500 to $500,000 to minority and women owned business enterprises (MWBEs) in the City of Buffalo. “Supporting small businesses and helping them thrive is [...]

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