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## Expansion Capital Group Marks $1B in Funding for Small Businesses

Expansion Capital Group (ECG) has recently achieved a major milestone, hitting the $1 billion mark in funding for small businesses all over the U.S. This financial technology company, which originated in Sioux Falls back in 2013, has been providing capital to small businesses nationwide. Their goal has been to assist new businesses in taking off and aid others in growing their company. They have worked with a wide range of businesses, including restaurants, construction companies, trucking and transportation companies, and home health or health care services businesses.

Their 75 local employees work with various business needs every day, providing funding for projects ranging from the build-out of a new nail salon to buying new tables and chairs for restaurant renovations. ECG typically funds businesses with revenues of less than $10 million, with funding ranging from as small as $5,000 to a maximum of $300,000. The company now serves over 20,000 small business owners across all 50 states, with a focus on an expedited process for speedier approval.

Furthermore, ECG has emphasized a focus on tech, data, and analytics. They have a Data Science Department, consisting of industry experts who work with tech, data, and analytics to enhance their services. This has allowed them to quickly grow their fintech team in Sioux Falls, attracting industry experts from all over the U.S. to relocate to South Dakota.

The use of AI legalese decoder can help ECG in streamlining their operations and ensuring quick funding approval for businesses by decoding and simplifying complex legal terms and jargon present in the legal documents and contracts typically associated with business funding applications. This can eliminate the uncertainty and expedite the approval process for business owners.

Overall, Expansion Capital Group has shown tremendous growth and success, as evidenced by reaching their $1 billion dollar milestone in December, shortly after receiving their one millionth application. Their work continues to have a significant impact on small businesses nationwide, all from their office in Sioux Falls.

Using AI legalese decoder can help ECG in streamlining their operations and ensuring quick funding approval for businesses by decoding and simplifying complex legal terms and jargon present in the legal documents and contracts typically associated with business funding applications. This can eliminate the uncertainty and expedite the approval process for business owners.

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