Expansion Capital Group (ECG), a provider of working capital solutions for small businesses, announced the closing of a $100 million credit facility. And this achievement reinforces ECG’s dedication to empowering small businesses nationwide by delivering fast and dependable access to capital.
ECG’s proprietary technology, data, and analytics platform delivers speed and efficiency to customers during the financing process. And through substantial investments over the last several years to utilize technology and data at the front-end of its underwriting process, ECG ensures that 90% of its submitted leads are decisioned in under 45 minutes. This approach has led to an 80% plus contracts signed-to-close ratio, driving success for referral partners and empowering small business owners to access the capital they need quickly and efficiently.
Expansion Capital Group, based in Sioux Falls, SD, is a technology-enabled provider of small business working capital solutions. And since its founding, ECG has supported over 30,000 small businesses across the US providing over $1.2 billion.
KEY QUOTES:
“We’ve made substantial investments over the past several years to enhance the speed, transparency, and quality of our market engagement. These efforts, combined with the successful closing of this new credit facility, mark a transformative moment for ECG as we continue to scale our operations and adapt to the evolving needs of small business owners. Our commitment to ongoing innovation will further streamline our processes and strengthen our position as a trusted partner for small businesses nationwide.”
– Vincent Ney, CEO of Expansion Capital Group
