Updates

15 Mar

Melcon GC Obtains $100,000 Excelsior Growth Fund Loan

Melcon GCLong Island City, NY – Melcon General Contractors received a loan from Excelsior Growth Fund (EGF) for $100,000 to be put towards seasonal working capital needs. The contracting company specializes in both commercial and residential projects, and after exceeding projections for the company’s first five-year plan, owner Eric Mendoza has put in place an even more optimistic growth model.

EGF also helped him train his office manager on bookkeeping strategies in order to continue on the path to success. He hopes to acquire a building to house both his business’s office and its equipment. With five large projects active in NYC and several smaller ones also in the works, his loan will put him that much closer to achieving his company’s goals. 

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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. Our loan products are affordable and flexible, and our advisory services can help you reach your business goals.