Updates

Top 5 Article to Share With Your Clients

At Excelsior Growth Fund, our mission goes beyond providing access to capital for small business owners. We also help business owners prepare for long-term success by providing them with the support they need to become eligible for traditional financing in the future. Through our one-on-one business advisory services and our vast array of financial education articles in our Business Resource Library, we help business owners improve their financials and operations for sustainable growth. When [...]

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ValuePenguin Interviews EGF's Paola Garcia

Tuesday, August 14, 2018
ValuePenguin Interviews EGF's Paola Garcia

ValuePenguin's Justin Song recently interviewed Excelsior Growth Fund Assistant Vice President Paola Garcia on small business financing from a lender's perspective. In the interview, Paola discusses the importance of small business essentials such as an updated business plan and financials, as well as how and when business owners should apply for financing. Justin and Paola also cover how business owners can determine their financing needs, and how to monitor the return on investment of their [...]

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We’ve Lowered Interest Rates for Loans Under $50,000

We’re proud to announce that Excelsior Growth Fund can now offer loans up to $50,000 at a reduced interest rate of just 9.125% through the SBA Microloan program! EGF is now the only lender in New Jersey, New York, and Pennsylvania that offers the SBA Microloan program through a digital process, with loans approved in just two business days and fully funded within five days. EGF has been allocated $3.25 million in SBA microloan funds and has already been leveraging the program to support [...]

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EGF and Community Loan Fund Receive $110K from KeyBank Powered by Jumpstart

On May 11, the KeyBank Business Boost & Build Program, powered by JumpStart, awarded $110,000 to the Center for Economic Growth (CEG) in collaboration with Excelsior Growth Fund (EGF) and the Community Loan Fund of the Capital Region (CLFCR). The three organization will use the funding to launch a new collaborative designed to provive technical assistance and loans for minority and women owned buiness enterprises (MWBEs) and disadvantaged small businesses in New York State's Capital Region.  [...]

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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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