What are the small business loan requirements?

Expansion Capital Group typically works with businesses that have been in business at least 6 months, generate at least $8,000 in monthly revenue, have an active business checking account, and have a personal FICO score of 500 or higher. Funding is available in 49 U.S. states, excluding North Dakota. Additional eligibility criteria apply.

Do you fund startups?

No. Expansion Capital Group does not fund startups or businesses that have been in business for less than 6 months.

Do I need good credit to get a business loan?

Expansion Capital Group generally works with businesses that have a FICO score of 500 or higher. You don't need perfect credit. Most established businesses are evaluated on more than a single number, including revenue consistency, time in business, and overall business performance. Additional eligibility criteria apply.

How much monthly revenue do I need to qualify?

Expansion Capital Group generally looks for at least $8,000 in monthly revenue. Because ECG focuses on business performance rather than credit score alone, consistent revenue is one of the key factors it considers. Additional eligibility criteria apply.

What do I need to get a business loan?

Most businesses will need a business tax ID (FEIN), an active business checking account, and at least three months of recent business bank statements. Requirements may vary by state, and additional documentation may be requested during underwriting.

How long does my business need to be operating?

Expansion Capital Group generally works with businesses that have been in operation for at least 6 months. Startups and businesses open for less than 6 months are not a fit.

Do I need a business checking account?

Yes. Expansion Capital Group requires applicants to have an active business checking account.

Do you offer grants or personal loans?

No. Expansion Capital Group does not offer grants, personal loans, PPP loans, or government relief funding.

What happens after I confirm I meet the small business loan requirements?

If your business meets these initial criteria, the next step is to apply (apply-for-funding). A funding advisor will help you complete your application, confirm the required documentation has been received, and answer any questions you have about the process. Once everything is ready, your application is submitted to our underwriting team for review. You'll be notified of the decision after the review is complete. Meeting the minimum requirements is the starting point, not a guarantee of approval. Every application is evaluated individually.

Small Business Loan Requirements

If your business has been operating for at least 6 months, brings in at least $8,000 in monthly revenue, and has an active business checking account, you may qualify for funding from Expansion Capital Group. We offer funding to businesses throughout the United States. Unfortunately, we are unable to fund in North Dakota at this time. Additional eligibility criteria apply.

Apply for Funding

Requirements to Explore Financing

Unlike traditional bank loans, which often place significant weight on credit scores alone, ECG looks at your business's overall performance, including cash flow and revenue consistency, when reviewing eligibility.

Expansion Capital Group generally works with businesses that meet the following initial criteria:

In business for at least 6 months
Generating at least $8,000 in monthly revenue
Using an active business checking account
A FICO score of 500 or higher
Based in the United States (excluding North Dakota)

Additional eligibility criteria apply.

Not the Right Fit for Every Business

ECG is not the right fit if:

Startups or businesses operating less than 6 months
Less than $8,000 in monthly revenue
No active business checking account
Seeking grants or non-repayable funding
Seeking personal loans
Seeking PPP, relief, or stimulus funding
Filed for bankruptcy or are considering it

What You'll Need to Apply

Having a few things ready before you start makes the process faster. Most businesses will need:

A business tax ID (FEIN)
An active business checking account
At least three months of recent business bank statements

Checking your eligibility involves no hard credit pulls, so your credit score won't be affected at the time of application. Requirements may vary by state, and additional documentation may be requested during your application process.

How Small Business Owners Use Financing

Payroll and working capital

Cover payroll, manage short-term cash flow needs, and keep day-to-day operations moving.
Inventory and supply purchases

Purchase the inventory and supplies your business needs to keep up with demand.
Equipment, technology, and tools

Purchase, repair, or upgrade the equipment, software, and systems your business relies on.
Expansion and renovation

Open a new location, improve an existing space, or expand your operations.
Marketing and customer acquisition

Support campaigns that help attract new customers and grow visibility.

See Financing Options

Industries We Commonly Work With

Expansion Capital Group provides small business funding to businesses across a wide range of industries, from small business loans for auto repair shops to funding for restaurants, medical practices, and more. The industries listed here are common examples, not a complete list, we work with businesses in hundreds of categories that meet ECG's eligibility requirements.

Nursery & Landscaping

Restaurants

Retail

Subcontractors

Financing Options for Qualified Businesses

Businesses that meet ECG's small business loan requirements may qualify for a range of financing options depending on their needs and profile. These can include business loans, revenue-based financing, accounts receivable factoring, and equipment leasing. The right option depends on factors reviewed during underwriting.

See our full range of financing options to learn more.

Why Businesses Choose ECG

Since 2013, Expansion Capital Group has provided funding to more than 40,000 businesses across the United States that meet these small business loan requirements. ECG combines fast underwriting, clear communication, and flexible financing options to help established businesses move forward with confidence.

When you're trying to make payroll, replace equipment, or keep a project moving, the last thing you need is uncertainty about your application or the financing you're considering. That's why we've built our process around clear communication and practical support from start to finish.

Real support, not a call queue.

A funding advisor explains your fees and terms in plain language before you commit, walks you through the process from application to funding, and picks up the conversation again when you need more capital down the road.

Your offer is sized to your business, not the other way around.

Our review looks at your business's cash flow and overall performance, not just your credit score.

If you need more down the road, you don't have to start over.

Once you've paid down roughly half of your current funding, you may be eligible to apply for additional capital, on terms that reflect your track record with us.

What Small Business Owners Say About ECG

See what small business owners are saying about their experience with Expansion Capital Group, rated 4.4 out of 5 on Trustpilot.

Small Business Loan Requirements

Requirements to Explore Financing

Not the Right Fit for Every Business

What You'll Need to Apply

Payroll and working capital

Inventory and supply purchases

Equipment, technology, and tools

Expansion and renovation

Marketing and customer acquisition