Financing Now Available for Exporting and Export-Related Businesses
If you’re an exporter or run a business that supplies exporting businesses, Excelsior Growth Fund (EGF) and our affiliate NYBDC can provide access to affordable financing. In partnership with the New York State Global NY Program, loans up to $500,000 will be available for companies to purchase equipment and inventory needed to deliver on export-related contracts and provide working capital to support operations.
New York State created the $35 million Global NY Fund to extend financing to New York State companies seeking to create or expand direct exports, or to serve as suppliers to larger exporters. EGF and NYBDC are proud to be among the lenders administering the fund which can help your business grow! The program benefits businesses unable to access traditional credit markets, and will leverage tens of millions in export financing for New York State companies.
Being a participating Global NY lender means that if you are a supplier or a direct exporter, it’s easier to get financing through EGF. Importantly, when accessing the fund through EGF, borrowers can take advantage of SmartLoan™ and ImpactLoan™ benefits which include flexible terms and funds that can be disbursed in just five business days.
“We’re very proud to be supporting exporters and suppliers to exporters with this targeted program,” said Excelsior Growth Fund President Steve Cohen. “Whether firms are looking to fulfill on their first international contract or just expand their reach, we can help. Ultimately, helping these businesses take advantage of the global marketplace will benefit local economies and all New Yorkers.”
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.