Excelsior Growth Fund in the News - NerdWallet
Excelsior Growth Fund (EGF) was recently featured in an article produced by Nerdwallet, an online resource offering financial advice. The article features EGF as a part of Nerdwallet’s list of the 13 best nonprofit lenders in the U.S. It highlights nonprofit lenders as being beneficial to small business owners because of their mission-focused practices, ability to lend to start-ups, and offering of pro bono consulting and training to help businesses.
In addition to Excelsior Growth Fund being featured in the article, EGF President Steve Cohen gave a quote regarding the pitfalls of small businesses obtaining loans from for-profit lenders. “You see a lot of businesses trading off speed and efficiency for cost,” he says. “But you also see an incredibly crowded marketplace where there isn’t a whole lot of transparency.” Steve also highlighted nonprofit lenders as being a viable option because they are more affordable and more trustworthy than their for-profit and online counterparts.
About Excelsior Growth Fund
At Excelsior Growth Fund (EGF), our mission is to help New York businesses 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.
We understand that many small businesses can have difficulty getting traditional bank financing and EGF can help. Our products are affordable and flexible, and our advisory services can help you reach your business goals. Our signature product, the EGF SmartLoan™, provides up to $100,000 through a streamlined online platform.