Updates

13 Dec

EGF provides Terrell Wines with $100,000 Loan

EGF provides Terrell Wines with $100,000 Loan

Christopher Terrell, owner of Terrell Wines, is the only full-time employee in the Brooklyn, NY location of his wholesale wine distribution business. In addition to making wine deliveries on his bike, he’s in charge of negotiating with vineyards all over the world to purchase their wines for distribution in the U.S. With a diverse portfolio of primarily European winemakers, Christopher turned his sights to a burgeoning market: wines with ancient roots produced in the country of Georgia.

In need of purchasing additional inventory to take a major stake in the wine producers of the Georgian region, Christopher reached out a consultant at Working Solutions who referred him to Excelsior Growth (EGF) Fund for financial assistance. Within a short period of time, EGF was able to provide Christopher and Terrell Wines with a $100,000 SmartLoan™. The EGF team was happy to be able to secure Terrell Wines with a loan and look forward to seeing their future growth.

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At Excelsior Growth Fund (EGF), our mission is to help businesses in New Jersey, New York and Pennsylvania grow by providing small business loans and advisory services. As a nonprofit organization and a U.S. Treasury-certified Community Development Financial Institution (CDFI), we’re a responsible lender you can trust. Our products are affordable and flexible, and our advisory services can help you reach your business goals.