On The Waterfront: Small Business Loans
Posted in On The Waterfront: newburgh News | Last Updated March 25, 2016
(NEW YORK) Excelsior Growth Fund (EGF), a nonprofit Community Development Financial Institution formed by New York Business Development Corporation (NYBDC) to address underserved markets and to implement targeted programs that address the needs of low-income and otherwise underserved small business owners, has created an online lending platform for small business owners.
Small Business Loans Available for Newburgh
Designed by EGF partner Mirador, the platform is customized to EGF’s credit criteria and the entire application process is completed online at www.excelsiorgrowthfund.org. The signature loan product, the EGF SmartLoan™, provides flexible financing of up to $100,000 for working capital, machinery and equipment, or other uses.
Applicants can pre-qualify within minutes. Completed applications can typically be approved within 24 hours and loans can be funded within one week. The new online loan application will be of particular interest to small businesses that prefer fast access to capital, but with lower payments and more attractive terms than many alternatives provide.
We have a mission to support neighborhood businesses.Steve Cohen, Pres., EGF.