We've made small business borrowing even more affordable!
SmartLoan™ and ImpactLoan™ Rates Now Capped at 11.9%
When we launched our fast, online loan products two years ago, we did so with the needs of small businesses in mind. Today, entrepreneurs seeking capital to grow no longer have to choose between speed and affordability.
So, we’re proud to announce that we’re making our online loans even more affordable for small business owners by capping our interest rates at 11.9%.
With the prime interest rate on the rise, many small business owners will be paying more for capital. However, our new rate ceiling of 11.9% means that our clients won’t be. In fact, they’ll save hundreds of dollars each month on their debt payment and be able to put more money at work to grow their business.
Please help us spread the word about this exciting change. And, if you have a client or customer experiencing difficulty qualifying for bank financing, please refer them to Excelsior Growth Fund. Thank you for your partnership!
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 products are affordable and flexible, and our advisory services can help you reach your business goals.