SBA Awards Excelsior Growth Fund $750,000
“We are proud to be partners with Excelsior Growth Fund in delivering valuable assistance in order to start and grow local small businesses,” Syracuse Small Business Association (SBA) executive director Bernard J. Paprocki said in a press release in February. Paprocki recently awarded a $750,000 check to Excelsior Growth Fund (EGF) CEO Pat MacKrell for their dedication to helping businesses in New York grow.
Recently, EGF has started a microloan program to help borrowers develop the tools needed to grow their small businesses. “The SBA microloan program will allow us to have an increased impact in delivering loan capital to small businesses that experience difficulty accessing financing. We thank the U.S. Small Business Administration for their dedication to growing this important program,” MacKrell stated.
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.