Updates

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 [...]

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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.  [...]

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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 [...]

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EGF Banker of the Year: Steven Glass

At Excelsior Growth Fund, we team up with our valued network of bank partners to serve small business owners who do not qualify for traditional financing. Every bank partner who refers a small business owner to EGF is an active contributor to the fulfillment of our mission. Together, we’re working to help businesses access the capital they need to grow today andachieve a better position for bank financing tomorrow. We recently launched our “Banker of the Year” award to [...]

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EGF was recently featured in American Banker in an article focused on partnerships between Community Development Financial Institutions (CDFIs) and banks. The article highlights our early use of technology to streamline the application and underwriting process for alternative business loans, as well as our partnerships with banks. Read the full article to learn more about how we’re transforming the lending process for small businesses: Excelsior Growth Fund in American Banker. ### About [...]

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