Updates

EGF President Steven Cohen speaks on a panel during the launch event

On February 13, JPMorgan Chase announced the creation of a South Bronx Entrepreneurs of Color Fund (EOCF). Excelsior Growth Fund (EGF) and Accion East are the administrating lenders for the new fund. The fund is part of JPMorgan Chase's $150 million Small Business Forward program. Several million dollars in capital are available for lending to S. Bronx businesses. EGF and Accion will also provide advisory services and training. “We applaud JPMorgan Chase for their leadership in [...]

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Partner Success Story Bank of America

Bank partnerships are so important to the work that we do. Together, we’re working to build stronger communities by helping small business owners find financing that meets their needs and supports their goals. Here’s an example of how we recently partnered with the banking community to support a local business. Situation Mandy Yip from Bank of America in Manhattan had a Brooklyn, NY-based client that needed funding for refinancing a high-cost online loan as well as  working [...]

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$50,000 Prize Pool Available for Buffalo-area MWBE Entrepreneurs

New York Business Development Corporation (NYBDC) and affiliate Excelsior Growth Fund in collaboration with 43North and the City of Buffalo are proud to announce that the application period for the 2nd Annual THE PITCH business plan competition is now open. The competition, which this year has more, than doubled its prize pool to $50,000, is designed to support minority- and female entrepreneurs in Erie County. NYBDC and Excelsior Growth Fund are the Signature Sponsors of THE PITCH, with [...]

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SmartLoan™ and ImpactLoan™ Rates Now Capped at 11.9% When we launched our fast, online loan products two years ago, we did so with the needs of small businesses in mind. Today, entrepreneurs seeking capital to grow no longer have to choose between speed and affordability. So, we’re proud to announce that we’re making our online loans even more affordable for small business owners by capping our interest rates at 11.9%. Learn More About Our Loans  With the [...]

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CoverWallet, an online commercial insurance provider, recently featured Bryan Doxford, Senior Vice President and Chief Lending Officer at Excelsior Growth Fund in their latest Small Business Q&A titled “How Small Businesses Can Become More Bankable & Evaluate Funding Options”. In this post, Doxford discusses key steps small businesses can take to make their business more likely to qualify for a bank loan, such as, common problems in small businesses seeking loans, what to do [...]

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