Updates

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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We're Proud Sponsors of 'The Pitch'!

Thursday, September 1, 2016
buffalo, business plan, competition, small business loans

If you're a minority or woman with a great business in the Buffao area, you could qualify to win $10,000 to take your plans to the next level! We've teamed up with 43North, the City of Buffalo, and ECIDA to bring "The Pitch," a new business plan competition for minority- and women-owned businesses in Erie County, NY.  The competition is designed to elevate the profile of minority and women business owners in the city of Buffalo, provide a competition that is open to all business [...]

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