Updates

12 Dec

Suuchi Inc. Receives $100,000 EGF SmartLoan

Suuchi Inc. Receives $100,000 EGF SmartLoan

Suuchi Inc. was founded in Hudson County, NJ to solve an issue that owner Suchitra Ramesh experienced time and again: She couldn’t find clothing that fit her petite frame. This challenge presented her with an opportunity to revive apparel manufacturing in the United States, and now Suuchi Inc. is a design and manufacturing partner for numerous innovative American apparel fashion brands and Fortune 1000 companies.

Suuchi Inc.’s advanced design software and in-house manufacturing make it possible for them to replenish clients’ customized inventory in as fast as five days. Additionally, the company is home to Suuchi University, which trains local community members in manufacturing skills prior to hiring and on the job, creating several jobs within Hudson County.

Suchitra was anxious to obtain additional financing in order to meet the needs of her business’s rapid growth. She found Excelsior Growth Fund (EGF) through Biz2Credit and was able to secure an EGF SmartLoan™ for $100,000. The loan assisted Suuchi Inc. as it expands to support its continual growth. We were happy we could provide financing and support to Suchitra and Suuchi, Inc. and look forward to watching their continued success.

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At Excelsior Growth Fund (EGF), our mission is to help businesses in New Jersey, New York and Pennsylvania 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 products are affordable and flexible, and our advisory services can help you reach your business goals.