Updates

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 [...]

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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 [...]

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Excelsior Growth Fund in the News - NerdWallet

Excelsior Growth Fund (EGF) was recently featured in an article produced by Nerdwallet, an online resource offering financial advice. The article features EGF as a part of Nerdwallet’s list of the 13 best nonprofit lenders in the U.S. It highlights nonprofit lenders as being beneficial to small business owners because of their mission-focused practices, ability to lend to start-ups, and offering of pro bono consulting and training to help businesses. In addition to Excelsior Growth Fund [...]

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JPMorgan Chase Commits Over $3.5 Million for Small Business Growth in NYC

The Commitment to NYC is Part of the Firm’s $125 Million National Campaign   New York, October 19, 2016 – JPMorgan Chase & Co. (NYSE: JPM) announced today more than $3.5 million to support both a collaborative of New York City community development financial institutions (CDFIs) to give local small businesses more access to capital, as well as a separate initiative for CDFI credit unions focused on an innovation and product expansion that will improve their work and reach [...]

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Excelsior Growth Fund in the News - Pace University

Excelsior Growth Fund (EGF) was recently featured at a conference hosted by the Small Business Administration (SBA) and Pace University’s Small Business Development Center. The conference sought to provide information and resources to small businesses that are overlooked by mainstream banks for accessing funds. Excelsior Growth Fund was one of six Community Development Financial Institutions (CDFIs) present at the conference, each sharing in their mission of providing financial services [...]

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