Updates

Excelsior Growth Fund to Rebrand as Pursuit

Monday, December 16, 2019
Pursuit logo

  Excelsior Growth Fund and Affiliates to Rebrand as Pursuit  New Brand Reflects Mission to Help Businesses Reach Higher and Succeed (December 16, 2019 // Albany, NY) – Leading business lender New York Business Development Corporation (NYBDC) announced today that it, along with affiliates Excelsior Growth Fund and The 504 Company, will rebrand to Pursuit next year. The brand is expected to fully launch by the end of the first quarter. Reflecting on the rebranding to Pursuit, [...]

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We’re Celebrating Our $25 Million Milestone in Community Lending

We’re pleased to announce that Excelsior Growth Fund (EGF) recently topped $25 million in community business lending through our SmartLoan™ and ImpactLoan™ products. More than 300 business owners have received affordable and responsible capital through our rapid approval process, designed to streamline access to alternative capital when bank financing is not possible. This achievement has been fueled by explosive growth this fiscal year. Since October 1, 2017, EGF has provided [...]

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Ready to Refinance: A Closer Look at the EGF SmartLoan

For small businesses, unaffordable debt can be debilitating. At best, owners struggle with tight cash flow. At worst, they become trapped in a debt cycle that’s virtually impossible to break.  Because of this, nearly a quarter of small businesses that apply for funding today do so to refinance debt.* This debt is frequently incurred from credit cards, predatory online loans, or simply conventional loans at higher rates than the borrower would qualify for today. NYBDC has historically [...]

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Excelsior Growth Fund & Westminster Economic Development Initiative receive $100,000 from KeyBank Business Boost & Build Program, Powered by JumpStart

The KeyBank Business Boost & Build Program, powered by JumpStart, is celebrating National Small Business Week by awarding $100,000 to Excelsior Growth Fund (EGF) and Westminster Economic Development Initiative (WEDI).  With this new funding, EGF and WEDI will deepen existing partnerships and together will offer loan options from $500 to $500,000 to minority and women owned business enterprises (MWBEs) in the City of Buffalo. “Supporting small businesses and helping them thrive is [...]

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EGF Banker of the Year: Steven Glass

At Excelsior Growth Fund, we team up with our valued network of bank partners to serve small business owners who do not qualify for traditional financing. Every bank partner who refers a small business owner to EGF is an active contributor to the fulfillment of our mission. Together, we’re working to help businesses access the capital they need to grow today andachieve a better position for bank financing tomorrow. We recently launched our “Banker of the Year” award to [...]

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