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.
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