Success Stories

Salon Cristina - Schenectady, NY

Wednesday, April 4, 2018
Salon Cristina - Schenectady, NY

At Excelsior Growth Fund, we frequently hear that our clients launched their own businesses because they wanted more autonomy and freedom than the workforce provided. That’s exactly what spurred Cristina Badia, stylist and entrepreneur, to launch two successful salons in upstate New York. We sat down with Cristina to learn more about her journey, which took her from the Dominican Republic to Schenectady, New York, and the opportunities and challenges she encountered along the way.   [...]

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Denmar Consulting LLC - Denmar, NY

Thursday, September 7, 2017
Denmar Consulting LLC - Denmar, NY

It takes a lot of hustle and determination to start your own business. This is exactly what Denise Marcelin Pringle proved throughout the past few years while she’s been building her business from the ground up. In 2009, Denise and her entire department were laid-off from their jobs. Looking to generate money for her family, she started to actively pursue freelance work. Then, she received the opportunity to contract in the finance industry. Denise began full-time freelancing for a new [...]

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The Sandwich Shop - Brooklyn, NY

Monday, May 1, 2017
The Sandwich Shop - Brooklyn, NY

If a business’s financial systems don’t function well, no amount of funding will help the business run smoothly. That’s what co-owners Ricardo Picón and Clarisa Penzini learned when they approached Excelsior Growth Fund (EGF) for a loan for their restaurant and catering business. Natives of Venezuela, Clarisa and Ricardo fulfilled a lifelong dream when they opened The Sandwich Shop in Williamsburg, Brooklyn in 2013. Using slow cooked meats, artisanal ingredients, and [...]

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Roberto's Winds & Michiko Studios - New York, NY

While New Yorkers are known for an abundance of creativity, one thing that they’re always short on is space – and for musicians, rehearsal spaces that are both affordable and acoustically sound are at a premium. That’s where Roberto Romeo saw a tremendous opportunity to expand his offerings and generate new revenue streams. During more than a decade as the owner of Roberto’s Winds, Roberto established a reputation as the premier retailer of woodwinds in New York City. [...]

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Prospect Cleaning Service, Inc. - Flatbush, NY

When faced with new business challenges and opportunities, having a team of knowledgeable advisors ready to help can be an invaluable resource, as Ingrid Murray, owner and president of Prospect Cleaning Service, Inc., has learned.  Prospect Cleaning Service provides commercial cleaning services in the metro-New York region. In 2011, when she acquired the business from her husband, she already had excellent experience as its bookkeeper and office manager. What she needed, though, was [...]

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