Expansion Capital Group

Expansion Capital Group (ECG) was founded in 2013 and offers financing options to small and medium-sized businesses. ECG has worked with more than 650 types of businesses and loaned those businesses more than $65 million.

• Approval: ECG supports strong businesses, even if their owners don’t have perfect credit. Approximately 60 percent of applicants are approved for a business loan. Those who are approved can receive money in as little as two business days.

• Scalable: Business owners can apply for amounts ranging from $5,000-$500,000, so applicants can apply for the funds for small and large investments. The business’ health determines how much money an owner will qualify for.

• Application: Interested consumers can easily apply online. The application is relatively short and requires only three months of bank and/or credit card statements. ECG responds to an application within 24 hours.

• Short terms: Loan terms range from 3-12 months, which might be good for business that needs a quick infusion of cash. Expansion Capital Group sets up daily automatic withdraws in small amounts so it is easy for business owners to pay back their loans.

• Informational resources: ECG’s website regularly posts useful articles for business owners. They publish articles on topics like using social media to promote a business, providing employees with health benefits and industry-specific advice.

• Best for: ECG is a good choice for businesses that want to be quickly approved for a short-term loan.