ECG is a healthier source of working capital than a business credit card.

ECG Funding: Fast and Flexible to Grow Your Business

A Business Credit Card can come with rewards, and is easy to use, but if you don’t pay off the balance every month, or your credit history has some damage, the safer and more convenient solution may be from Expansion Capital Group

What is a business credit card?

Similar to a personal credit card, a business credit card allows you to spend money online, and Point-of-Sale locations, and withdraw cash at ATMs. They are available with a range of annual fees, APRs, cash advance fees, rewards programs, and minimum required payments, depending on the issuer.

BUSINESS CREDIT CARD

• LOW PAYMENTS = YOU OWE MORE

  Business credit cards often require interest-only payments that seem so small and easy, but they mean your balance grows every month, compounding based on an interest rate between 14% and 26%. Your debt will keep growing, even if you stop spending – work with ECG instead!

• CREDIT CARD CASH ADVANCES COME AT A PREMIUM

  Expenditures that require cash or checks, like payroll and local vendor purchases, may require you to take a cash advance at a markup of 24%+, even if you pay off your card every month.

• EASY TO APPLY, EASY TO SPEND

  Even approval for a credit card can come with higher APRs and lower limits if your credit history isn’t stellar. And, because credit cards make it so easy to spend beyond your means, your personal credit score may suffer because of your business credit card.

• RISKS & REWARDS

  Access to large credit card limits can mean you depend on that card for your day-to-day business operation. And, if your credit card is ever stolen or lost, your funds dry up until you get a new card – can your business afford to wait for that new card?

ECG FUNDING

• LOW PAYMENTS WITH CLEAR TERMS

  With ECG Funding, you will begin repaying almost immediately with small, daily, automatic payments. This keeps your repayments on schedule without requiring any effort on your part, and without a risk of additional charges.

• NO RESTRICTIONS ON YOUR FUNDS

  Your money is yours to use however you need to grow your business. Use it for payroll, taxes, or to buy equipment & inventory. How you use it doesn’t change your payback amount.

• FUNDS WHEN YOU NEED THEM

  All of your ECG Funds will be there when you need it, with no daily limits.

• QUALIFYING IS FAST AND SIMPLE

  Only a simple application + 3 months bank and/or credit card statements are needed. Businesses with strong performance, even owners with poor credit histories, tax liens, and bankruptcies can be approved at Expansion Capital Group.