Excelsior Growth Fund in the News - Independent Bankers Association of New York State
EGF is pleased to announce a new partnership with the Independent Bankers Association of New York State. In their most recent newsletter, IBANYS reported their indorsement of EGF as an exclusive online lending partner for association members.
EGF offers a unique tool to help banks build strong relationships with their customers. Whether a customer is in need of fast and transparent funding, or does not yet qualify for a bank loan, EGF provides the perfect solution to help borrowers expand their businesses without greatly impacting their balance sheets. The EGF SmartLoan™ is available in amounts up to $100,000 for various uses including debt refinancing, working capital, business expansion and upgrades. More importantly, at 13%, the SmartLoan™ features an interest rate that is just a fraction of those typically offered by online lenders.
To fully our accomodate our bank partners, EGF openly shares information in regards to the performance of our loan portfolio, and gives the opportunity to purchase reffered loans at par at any time. Our goal is to help banks improve cutomer retention while also allowing them to build their presence in the world of small business.
Excelsior Growth Fund (EGF) promotes economic development and job creation in New York State by providing streamlined access to small business loans and business advisory services. An EGF SmartLoan™ can help businesses secure working capital, refinance existing debt, purchase machinery and equipment, upgrade technology or hire staff. With the easy to use online loan application, pre-qualification takes minutes; loans are approved and funded within days. EGF is a not-for-profit 501(c)(3) and certified by the U.S. Department of Treasury as a Community Development Financial Institution (CDFI). For more information, visit www.excelsiorgrowthfund.org