Company Research Report: Expansion Capital Group
Company Overview
- Name: Expansion Capital Group
- Mission: Focus on supporting the expansion of America’s small businesses by providing fast, flexible funding solutions.
- Founded: 2013
- Founders: No information is available
- Key People:
- Vincent Ney, Chief Executive Officer
- Tim Mages, Chief Strategy Officer
- Herk Christie, Chief Operating Officer
- Brittney Newell, Chief Financial Officer
- Mike Beattie, Chief Technology Officer
- Headquarters: 5801 S. Corporate Pl, Sioux Falls, South Dakota, 57108, US
- Number of Employees: 51-200 employees
- Revenue: No information is available
- Company Specialty: Known for being a financial partner to small businesses by providing working capital and expansion solutions tailored to business needs.
Products
- Business Funding Products:
- Description: Expansion Capital Group provides working capital funding using a 3-12 month term finance product to help business owners expand and grow.
- Key Features:
- Fast application process requiring only 3 months of bank or credit card statements.
- Dedicated Business Funding Manager assigned to each client.
- Funding range from $5,000 up to $300,000.
- Customizable funding options with repayment options including small daily or weekly payments automatically debited from the business account.
- Credit score requirement of over 500, demonstrating responsible financial behavior.
Recent Developments
- New Products Launched: No information is available
- New Features Added:
- Improved underwriting process incorporating a cash flow-first approach for better approval rates and outcomes.
- New Partnerships: Partnered with Ocrolus to enhance small business underwriting processes with cash flow data.
- Notable Achievements:
- Over 15,000 small businesses funded with over $1 Billion in working capital provided.
- Expansion Capital Group secured a $100 million credit facility to accelerate growth as of February 2025.
- Achieved a milestone of $1 billion in funding, supporting the expansion of U.S. small businesses as announced in December 2023.
- Other Developments:
- Expansion Capital Group made the 2024 Inc. 5000 list.
- Participation in the Trendigital Summit to enhance digital marketing and customer relationship strategies.
This report details the current state of Expansion Capital Group as derived from the available data, providing insights into its operations, offerings, leadership, and recent activities significant to its market presence.
