Excelsior Growth Fund To Administer Jpmorgan Chase South Bronx Fund

by Rino Abdulah Mei 09, 2023 Posting Komentar

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Introduction

Exciting news for small business owners in the South Bronx! JPMorgan Chase has selected Excelsior Growth Fund to administer its $6.5 million small business fund in the area. This partnership is set to provide much-needed funding and support to entrepreneurs in the South Bronx, a community that has been historically underserved.

What is Excelsior Growth Fund?

Excelsior Growth Fund is a nonprofit organization that provides lending and advisory services to small businesses throughout New York State. They have a mission to help businesses grow and succeed, especially those in underserved communities. With this partnership, Excelsior Growth Fund will be able to provide more funding and support to small businesses in the South Bronx.

What is the JPMorgan Chase South Bronx Fund?

The JPMorgan Chase South Bronx Fund is a $6.5 million fund that was created to support small businesses in the South Bronx. The fund will provide loans and technical assistance to small businesses in the area, with a focus on women-owned, minority-owned, and immigrant-owned businesses.

Benefits for Small Businesses in the South Bronx

Increased Access to Funding

One of the main benefits of this partnership is increased access to funding for small businesses in the South Bronx. Excelsior Growth Fund will be able to provide more loans to businesses in the area, which will help them grow and create jobs in the community.

Technical Assistance

In addition to funding, small businesses in the South Bronx will also have access to technical assistance. This includes one-on-one business advising, workshops, and other resources to help businesses succeed.

Focus on Underserved Communities

The JPMorgan Chase South Bronx Fund has a specific focus on women-owned, minority-owned, and immigrant-owned businesses. This means that these businesses will have a better chance of receiving funding and support through this partnership.

How to Apply for Funding

If you're a small business owner in the South Bronx and you're interested in applying for funding through the JPMorgan Chase South Bronx Fund, you can visit the Excelsior Growth Fund website to learn more. They have a team of lending specialists who can help you through the application process and provide guidance on how to get the funding you need.

Eligibility Requirements

To be eligible for funding through the JPMorgan Chase South Bronx Fund, your business must: - Be located in the South Bronx - Have been in operation for at least one year - Be able to demonstrate a need for funding - Be a women-owned, minority-owned, or immigrant-owned business

Application Process

The application process for funding through the JPMorgan Chase South Bronx Fund involves several steps, including: - Filling out an application form - Submitting financial statements and other documentation - Meeting with a lending specialist to discuss your business and funding needs - Receiving a decision on your application

Conclusion

The partnership between Excelsior Growth Fund and JPMorgan Chase is great news for small businesses in the South Bronx. With increased access to funding and technical assistance, these businesses will have a better chance of growing and succeeding in the community. If you're a small business owner in the South Bronx, be sure to visit the Excelsior Growth Fund website to learn more about how you can apply for funding through the JPMorgan Chase South Bronx Fund.