Business Loan

Support your general business needs with a Business Loan or Funding from Expansion Capital Group.

 

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What is a Business Loan or Funding and how does it work?

A business loan or funding is a financial arrangement in which a business borrows a specific amount of money from a funder, typically a bank, credit union or online funder for a specific period time. This borrowed capital is intended to be used for various business purposes, such as expanding operations, purchasing equipment, covering working capital needs, or other activities that support the business’s growth or operations.

Business loans or fundings can provide crucial financial support for businesses, allowing them to invest in growth opportunities, manage cash flow, or navigate challenges. It’s essential for businesses to carefully consider their financial situation, the purpose of the loan or funding, and the terms offered by lenders before taking on debt.

Flexible

weekly/daily payments

Scalable

Offers from
$5K-$300K

Dependable

over 20,000
small businesses funded

What are the advantages of getting a Business Loan or Funding?

  • 1

    Access to Capital
    Provides a secure source of capital to support business activities

  • 2

    Business Expansion
    Support businesses initiatives like opening new locations, entering new markets, or launching new products

  • 3

    Capital Management
    Manage day-to-day operational expenses, seasonal flucuations, and ensure smooth cash flow

  • 4

    Ownership Retention
    Allows the business onwers to retain full ownership and control of the company

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Minimum Requirements for Business Loans or Fundings.

Business Loans or Fundings are great option for businesses that need a funding to cover the needs of business necessities.

  • 6+ Months in business
  • Fair/Good credit score
  • $100k annual revenue
  • U.S. Based business locations

What can a Business Loan or Funding be used for?

Working Capital
Equipment Purchase
Real-Estate Acquisition
Business Expansion

How small businesses have used Business Loans or Fundings.

Merchants looking to fuel growth and expand their operations can leverage Expansion Capital Group’s business loans or fundings. With flexible terms and quick access to capital, merchants can invest in inventory, marketing, equipment, or even hire additional staff.

Whether it’s seizing new opportunities or navigating seasonal fluctuations, Expansion Capital Group provides tailored financial solutions to help merchants thrive in a competitive market landscape.

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FAQ’s

  • What is a business loan or funding?
    A business loan or funding is typically a funding in which a lump sum, upfront amount of cash is provided to the borrower (directly to the business). It is repaid on a regular basis with fixed payments over a fixed amount of time.
  • What are the pros and cons of a business loan or funding?
    – Pros:
    A set, predictable payment schedule
    Flexibility of repayment terms
    Available from a variety of financing providers
    – Cons:
    Repayment is guaranteed
    No fluctuation in payments as business revenue fluctuates
    May require a pledge of collateral
  • How do I qualify for a business loan or funding?
    Minimum requirements are six months in business, at least $8,000 in monthly revenue; additional underwriting criteria will apply.
  • Where can I get a business loan or funding for challenged credit?
    ECG, along with some other capital providers, offer traditional business loans. Given most of the underwriting is centered on the cash flow of the business, a lower personal credit score doesn’t mean you will not qualify for credit. However, this may impact the terms of the offer received which could include shorter term or higher pricing.
  • What do I need to know before I apply for this funding?
    Once you apply and are approved, the benefit is funds may be available as soon as the same day or next business day. You should consider if during the evaluation process there will be soft or hard credit pulls and if there are early prepayment discounts. Repayments may be through automatic bank account deductions (ACH) and as long as you are consistent with your repayment history there could be additional capital available to you in the future.
  • When should my business consider this type of funding?
    This type of financing is often successfully utilized for growth initiatives where the core business is stable and revenue is not subject to significant fluctuation.