Available Government Loan Programs for Small Businesses

Excelsior Growth Fund partners with a variety of city and state government agencies to make special loan programs for small businesses available to our customers. Access these government loan programs through EGF and take advantage of their unique benefits and the speed and convenience of our online process.

When you apply for an EGF loan, your advisor will automatically check to see if you qualify for a special government loan program. 

SBA Microloan Program

As an SBA Microlender, EGF can provide certain loans up to $50,000 at a reduced interest rate. Terms are capped at 6 years and loans can be used for a variety of business purposes including working capital, inventory, supplies, furniture, fixtures, machinery, equipment and more. Learn more about our SBA Microloan program.

Contract Financing Loan Fund

If your business is working on, or hoping to work on, a project with a City agency or the NYC Economic Development Corporation (NYCEDC) as a prime or subcontractor, you may be eligible for a Contract Financing Loan. Loan repayment terms are aligned with the project payment schedule. Loans of up to $500,000 at an interest rate of 3% APR are available to eligible businesses. Closing fees apply. To apply for a Contract Financing Loan, please contact Carol O'Connell at carol.o'connell@excelsiorgrowthfund.org. 

Global NY

In partnership with Empire State Development, the Global NY Fund is a government loan program that provides loans of up to $500,000 to New York-State based businesses seeking to create or expand direct exports, or to serve as suppliers to larger exporters. Loan funds can be used to purchase equipment or inventory or for working capital to support foreign accounts receivable.