Updates

(WASHINGTON, DC)  The 504 Company and its nonprofit affiliate, Excelsior Growth Fund (EGF), have been awarded the National Association of Development Companies’ (NADCO) 2016 Diamond Award for Innovation in Economic Development. The award recognizes EGF’s innovative online platform that provides access to affordable and responsible business loans to businesses seeking capital from the growing online lending marketplace. The award comes at a critical time in small business [...]

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(BUFFALO, N.Y.)   Sherri Falck was hired as assistant vice president for Western New York at Excelsior Growth Fund (EGF).   In this position, Falck is responsible for managing partnership development efforts and implementing business advisory services including workshops/seminars as well as advising small business owners on loan readiness, credit issues, SBA backed loan products, and financial management.   EGF is an affiliate of New York Business Development Corporation [...]

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If you are not yet familiar with Mirador Financial, Excelsior Growth Fund's premier technology partner, then you may be interested in reading a recent case study outlining the fintech firm's success with EGF's online lending platform. When EGF launched its SmartLoan program in summer of 2015, it was in need of a promising technology partner to help streamline the online application and origination process. Mirador's online lending platform allowed Excelsior to compete with other [...]

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We are pleased to report that EGF has been featured in a recent American Banker article. Throughout the article, writer Kristin Broughton outlines the benefits of the Smartloan™ program, as well as EGF's recent bank partnership with Flushing Financial.   The Smartloan™ program offers low cost loans to online borrowers who do not yet qualify for a bank loan. Looking to provide the fastest financing possible, borrowers can be approved for a Smartloan™ within 24 [...]

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EGF is pleased to announce a new partnership with the Independent Bankers Association of New York State. In their most recent newsletter, IBANYS reported their indorsement of EGF as an exclusive online lending partner for association members.   EGF offers a unique tool to help banks build strong relationships with their customers. Whether a customer is in need of fast and transparent funding, or does not yet qualify for a bank loan, EGF provides the perfect solution to help borrowers [...]

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