Expansion Capital Group Appoints Tim Mages as CEO

Expansion Capital Group (ECG), a leading provider of capital for small businesses, is pleased to announce the appointment of Tim Mages as Chief Executive Officer (CEO), effective April 1, 2025.

“We will continue prioritizing our partners and customers while driving innovation in small business financing.”

Mages, who has previously served as ECG’s Chief Strategy Officer and Chief Financial Officer, brings extensive experience in financial services. Before joining ECG in 2016, he spent over 20 years as an investment banker and SBIC lender, working closely with small businesses to navigate capital challenges. During his tenure at ECG, the Company has provided over $1 billion in funding to small businesses nationwide.

“Our mission is to empower small businesses by delivering fast, data-driven capital solutions through innovative technology,” said Mages. “I’m honored to lead ECG and work alongside our dedicated team to accelerate our growth. We’ve invested significantly in developing products and processes to better serve small business owners and our referral partners. Our talented team remains committed to innovation and is excited to continuously improve our products and delivery methods to address the ongoing capital access challenges faced by small business owners.”

In late 2024, ECG secured a new credit facility, positioning the company for continued growth. Through a network of over 300 referral partners and affiliates, ECG offers customized cash-flow-based financing, with approximately 90% of underwritten approvals completed within 45 minutes that can fund in the same day.

“I’d like to thank Vincent Ney, ECG’s former CEO, for his instrumental role in our success. Our team has built a strong foundation over the past decade, positioning us for the opportunities ahead,” Mages added. “We will continue prioritizing our partners and customers while driving innovation in small business financing.”