ECG Profiles: 5 Questions with an ECG Business Development Associate
Meet Keith Hurly, a Business Development Associate at Expansion Capital Group, who took the time to answers some questions about his role.
Q: What got you interested in Expansion Capital Group?
A: I always liked finance and was unfamiliar with the world of fintech. After exploring the reviews and website of ECG, I decided it would be a good fit for me.
Q: What have you enjoyed the most during your time working here?
A: Traveling to new places and meeting the referral partners that I work with has been my favorite thing so far. I like making friends, even if they are in different states. It gives me an excuse to go back and it has been fun to work with them to grow our businesses together!
Q: What is a problem that you helped solve for an ECG broker, specifically with the Partner Portal?
A: The partner portal has allowed ECG to streamline the UW process for each partner. They are able to get updates quicker, communicate with UW, and submit stipulations directly. In my view it has given them an easier way to submit new deals and greater transparency into our process that positions them (and us) for greater success.
Q: What are a few of the most common reasons small businesses turn to Expansion Capital Group?
A: Our underwriting process utilizes people, automation and data pretty effectively. We made some significant improvements on it during COVID and it positions us well for same day funding. The fact we can push a majority of our approvals out in two hours provides them quick insights into the capital they may be able to access. Other lenders may be slower to provide insights into an approval or have a tedious stipulation processes that reduces their ability to complete a same day funding.
Q: Where do you see Expansion Capital Group in five years?
A: Hopefully more than doubled in team size, tripled in total fundings, and offering additional products. Ultimately we are able to work efficiently with small businesses having worked with more than 15,000 since our inception, but offering more solutions will make us an even more valued partner longer term.