Updates

ValuePenguin Interviews EGF's Paola Garcia

Tuesday, August 14, 2018
ValuePenguin Interviews EGF's Paola Garcia

ValuePenguin's Justin Song recently interviewed Excelsior Growth Fund Assistant Vice President Paola Garcia on small business financing from a lender's perspective. In the interview, Paola discusses the importance of small business essentials such as an updated business plan and financials, as well as how and when business owners should apply for financing. Justin and Paola also cover how business owners can determine their financing needs, and how to monitor the return on investment of their [...]

Read More

We’ve Lowered Interest Rates for Loans Under $50,000

We’re proud to announce that Excelsior Growth Fund can now offer loans up to $50,000 at a reduced interest rate of just 9.125% through the SBA Microloan program! EGF is now the only lender in New Jersey, New York, and Pennsylvania that offers the SBA Microloan program through a digital process, with loans approved in just two business days and fully funded within five days. EGF has been allocated $3.25 million in SBA microloan funds and has already been leveraging the program to support [...]

Read More

Bank of America Launches $20 Million Lending Program for U.S. Military Veteran Entrepreneurs

Today, Bank of America announced a $20 million Veteran Entrepreneur Lending Program to connect U.S. military veteran business owners with affordable and responsible capital to help start and grow their businesses. Excelsior Growth Fund, along with four other Community Development Financial Institutions (CDFIs) in seven U.S. states, will administer the loans and offer an interest rate reduction on loans for qualifying borrowers. Prior to receiving funding, borrowers will have the opportunity to [...]

Read More

EGF and Community Loan Fund Receive $110K from KeyBank Powered by Jumpstart

On May 11, the KeyBank Business Boost & Build Program, powered by JumpStart, awarded $110,000 to the Center for Economic Growth (CEG) in collaboration with Excelsior Growth Fund (EGF) and the Community Loan Fund of the Capital Region (CLFCR). The three organization will use the funding to launch a new collaborative designed to provive technical assistance and loans for minority and women owned buiness enterprises (MWBEs) and disadvantaged small businesses in New York State's Capital Region.  [...]

Read More

AmeriCorps VISTA Volunteers

Excelsior Growth Fund (EGF) is excited for the opportunity to host three AmeriCorps VISTA volunteers in our New York, Albany and Buffalo offices.  At EGF, we work to maintain a community focus and presence while leveraging technology and innovative online platforms. Volunteers will have the opportunity to help EGF reach small business individuals across New York State through marketing, partnership development, operational support and event planning. We seek self-starting, organized, and [...]

Read More