Updates

NYC news station NY1 features EGF President, NYBDC clients

New York City-based news network NY1 aired a two-segment story about the rise of women-owned businesses. Excelsior Growth Fund President, Steve Cohen offered his outlook on the state of these businesses in New York’s most populous metropolitan area.  “Over the past 10 years, the numbers of women-owned businesses in the city has grown by 65%,” said Cohen, noting that New York City in particular has “the largest number of women-owned businesses of any city in the [...]

Read More

Renowned finance magazine, Fortune Magazine, featured Excelsior Growth Fund as one of the initial lenders who will have access to the Contract Financing Loan Fund. This $10 million fund was announced by New York’s Department of Small Business Services and is designed to help minority- and women-owned businesses in New York City obtain low-interest contract financing loans.  The loans, which can be taken out in amounts up to $500,000, have an interest rate capped at 3%-- more than [...]

Read More

New York, NY – Karen Harvey secured an Excelsior Growth Fund SmartLoanTM in the amount of $100,000 for her consulting firm, Karen Harvey Consulting Services Inc. The head of the market research firm that specializes in consulting luxury, fashion, and retail companies plans on using the loan as working capital to hire a sales team. Karen’s well established business has been running since 2001 and operates out of an office in the high-end NYC neighborhood of Chelsea.  Harvey was [...]

Read More

Long Island City, NY – Melcon General Contractors received a loan from Excelsior Growth Fund (EGF) for $100,000 to be put towards seasonal working capital needs. The contracting company specializes in both commercial and residential projects, and after exceeding projections for the company’s first five-year plan, owner Eric Mendoza has put in place an even more optimistic growth model. EGF also helped him train his office manager on bookkeeping strategies in order to continue on the [...]

Read More

Staten Island, NY— Anthony Palmieri of Veritas Imaging received an Excelsior Growth Fund loan for $100,000. After hearing about EGF through one of his own staff members, Anthony pursued a loan to be used as working capital for his mobile sonogram business. This Staten Island entrepreneur was pleased with the ease of the process and, thanks to the loan, is exploring the possibility of opening an office where patients could come for sonograms outside of doctor’s office hours or for [...]

Read More