A Look Under the Hood: EGF's Online Loan Application
At Excelsior Growth Fund, we value transparency. We believe that being upfront and honest is essential when working with clients and partners. Instructions in loan applications can be vague, lengthy and difficult to comprehend. Our process is different! That’s why we’re offering a look under the hood at our online loan application.
What makes EGF's process so easy?
We’re proud to be a Community Development Financial Institution (CDFI) that offers a loan product and process that’s as easy as the online lenders in terms of ease and speed – but ours is affordable. On average, EGF’s SmartLoan™ application takes 20 minutes to complete when customers have the required documents available. Approvals are provided within two business days and loans are disbursed in a week.
EGF’s application process is fully online. This means all essential documents can be uploaded directly on the online application.
What can customers expect?
EGF’s goal is to take the mystery out of applying for a loan. With our non-intimidating application, your customers will be able to apply for a loan in minutes, not hours. We also offer a support helpline and email to provide assistance to business owners who get stuck.
How can you help customers prepare?
Your customers will need the following to finish the EGF SmartLoan application:
- Basic business and personal information
- Year-to-date income statement and balance sheet
- Most recent business tax returns
- Most recent personal tax returns
- Information about existing business debts (rate, term, balance, monthly payment, etc.)