Updates

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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ALBANY, N.Y.-Steve Cohen has been named president of the Excelsior Growth Fund, a not-for-profit Community Development Financial Institution (CDFI) formed by the New York Business Development Corporation (NYBDC) for the purpose of executing creative and flexible lending strategies to support small businesses in New York State. Cohen is currently the executive vice president and deputy commissioner at Empire State Development, where he heads the Department of Small Business Services and [...]

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Trevor Dryer is Co-Founder and CEO of Mirador Financial, the partner organization that designed the EGFSmartLoan™. He was recently featured in Credit Union Times about the impact of technology on credit anaylsis. See below for the article.  It's not hard to imagine this scenario: The owner of the restaurant from down the block applies for a loan. You like him. You like his business. Your gut says yes. Your credit analysis says no. You have to tell him sorry. He's forced to take [...]

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