Updates

EGF is excited to disclose its recent partnership with Flushing Financial, as well as a new feature in a Nasdaq GlobeNewswire press release. Flushing Financial is a publicly traded holding company for Flushing Bank, a New York State-chartered commercial bank. Flushing Bank is insured by the Federal Deposit Insurance Corporation, and serves the greater New York metropolitan area. Clients include consumers, small businesses, corporations, professionals, and government entities and are [...]

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We are pleased to report that EGF has been featured in a recent American Banker article. Throughout the article, writer Kristin Broughton outlines the benefits of the Smartloan™ program, as well as EGF's recent bank partnership with Flushing Financial.   The Smartloan™ program offers low cost loans to online borrowers who do not yet qualify for a bank loan. Looking to provide the fastest financing possible, borrowers can be approved for a Smartloan™ within 24 [...]

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EGF is pleased to announce a new partnership with the Independent Bankers Association of New York State. In their most recent newsletter, IBANYS reported their indorsement of EGF as an exclusive online lending partner for association members.   EGF offers a unique tool to help banks build strong relationships with their customers. Whether a customer is in need of fast and transparent funding, or does not yet qualify for a bank loan, EGF provides the perfect solution to help borrowers [...]

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We're happy to announce that EGF was covered in a recent Long Island Business News article on the dangers of online lending. In the article, writer Claude Solnik outlines small business owner Maria Cruz's difficult experience as an online borrower.   After taking out her first $48,000 with several different online lenders, Cruz found her self paying up to $11,140 in monthly payments, which took a great toll on the profits of her business. After finding EGF as an affordable [...]

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New York, NY -- Excelsior Growth Fund (EGF), one of the first nonprofit Community Development Financial Institutions to implement a major online lending platform, and CDCLI Funding Corporation, a regional and national leader in community development, are hosting a three-part financial seminar series for Long Island small business owners.   “Financial management and access to capital are two critical issues facing small businesses, and this series is designed to provide critical [...]

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