Updates

New York – Congresswoman Carolyn B. Maloney held a press conference at Roberto’s Winds & Michiko Studios, a thriving small business and EGF client in Manhattan. The conference was in celebration of Small Business Week and announced the Congresswoman’s bill, the Investing in America’s Small Businesses Act.  The act, which is strongly supported by small businesses and Community Development Financial Institutions (CDFIs), would create grants that protect the CDFI [...]

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Brooklyn, NY -Me and General Design is a boutique interior design firm operating out of Brooklyn which specializes in cutting edge residential, hospitality and commercial design. The husband and wife team of Cristina Casañas-Judd and General Judd has been looking to do a major launch of some of their branded products, in particular their Swick Board, a patented luxury sound system housed in a life size surfboard, but needed additional capital to make it happen.  Cristina [...]

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NYC news station NY1 features EGF President, NYBDC clients

New York City-based news network NY1 aired a two-segment story about the rise of women-owned businesses. Excelsior Growth Fund President, Steve Cohen offered his outlook on the state of these businesses in New York’s most populous metropolitan area.  “Over the past 10 years, the numbers of women-owned businesses in the city has grown by 65%,” said Cohen, noting that New York City in particular has “the largest number of women-owned businesses of any city in the [...]

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Renowned finance magazine, Fortune Magazine, featured Excelsior Growth Fund as one of the initial lenders who will have access to the Contract Financing Loan Fund. This $10 million fund was announced by New York’s Department of Small Business Services and is designed to help minority- and women-owned businesses in New York City obtain low-interest contract financing loans.  The loans, which can be taken out in amounts up to $500,000, have an interest rate capped at 3%-- more than [...]

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New York, NY – Karen Harvey secured an Excelsior Growth Fund SmartLoanTM in the amount of $100,000 for her consulting firm, Karen Harvey Consulting Services Inc. The head of the market research firm that specializes in consulting luxury, fashion, and retail companies plans on using the loan as working capital to hire a sales team. Karen’s well established business has been running since 2001 and operates out of an office in the high-end NYC neighborhood of Chelsea.  Harvey was [...]

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