Updates

Nonprofit Lender Provides Affordable Capital to Small Businesses through a Simple and Fast Online Portal  (NEW YORK)  Excelsior Growth Fund (EGF), a nonprofit Community Development Financial Institution formed by New York Business Development Corporation (NYBDC) to address underserved markets and to implement targeted programs that address the needs of low-income and otherwise underserved small business owners, has created an online lending platform for small business owners.   [...]

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ALBANY, N.Y.-Steve Cohen has been named president of the Excelsior Growth Fund, a not-for-profit Community Development Financial Institution (CDFI) formed by the New York Business Development Corporation (NYBDC) for the purpose of executing creative and flexible lending strategies to support small businesses in New York State. Cohen is currently the executive vice president and deputy commissioner at Empire State Development, where he heads the Department of Small Business Services and [...]

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Philadelphia (February 10, 2015)—Opportunity Finance Network (OFN) and Goldman Sachs 10,000 Small Businesses announced today that they have selected 24 mission-driven small business lenders to participate in the Small Business Finance Collaborative. This unique and intensive technical assistance program is designed to increase capacity of small business lending in underserved communities in the U.S. Responsible, affordable credit is not readily available [...]

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DENVER (October 16, 2014)—Today, Goldman Sachs 10,000 Small Businesses, the Surdna Foundation, and Opportunity Finance Network awarded $100,000 in grants to two mission-driven financial institutions for excellence in small business lending. The New York Business Development Corporation (NYBDC), the first-place winner, won $75,000 for the breadth and depth of its small business lending activities in New York, and Opportunity Fund, the runner-up, won $25,000 in recognition of its innovative [...]

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