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'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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Nonprofit Lender Provides Affordable Capital to Small Businesses through a Simple and Fast Online Portal  (NEW YORK)  Excelsior Growth Fund (EGF), a nonprofit Community Development Financial Institution formed by New York Business Development Corporation (NYBDC) to address underserved markets and to implement targeted programs that address the needs of low-income and otherwise underserved small business owners, has created an online lending platform for small business owners.   [...]

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NEW YORK, July 23 2015 (CDFI Connect)—Nominations for the second annual Small Business Leader Award for Mission-Driven Lenders are open until July 27. Pat MacKrell, president and CEO of last year’s award recipient, New York Business Development Corporation (NYBDC) discusses how the 2014 Small Business Leader Award impacts his small business. NYBDC, has been in business since 1955, and operates a robust small-business lending presence across New York State from eight [...]

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