Last Updated: 04/18/2025
Expansion Capital Group Merchant Cash Advance
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Last Updated: 04/18/2025
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Highlights
Factor Rate
1.2 - 1.6
Amount Range
$5,000 - $300,000
Minimum Revenue
$100,000
APR (Fee-Based Product)
20% - 60%(Verified 06/21/2024)
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Expansion Capital Group Merchant Cash Advance Review
Expansion Capital Group Merchant Cash Advance is offered by Expansion Capital Group, LLC, a financial services company founded in 2013 and based in Sioux Falls, SD. Expansion Capital Group Merchant Cash Advance are available in 50 states and Washington, DC.
Expansion Capital Group Merchant Cash Advance FAQ
What APRs does Expansion Capital Group Merchant Cash Advance offer?
The cost of merchant cash advances is typically marketed as a factor rate, not an APR. Expansion Capital Group, LLC offers merchant cash advance with a factor rate starting from 1.2 to 1.6 . The higher the factor rate, the higher the fees. For example, an advance of $20,000 with a factor rate of 1.25 will have a total repayment of $25,000, which includes $5,000 in fees.
However, we ran the numbers and we estimate it has an equivalent APR that ranges from 20% APR up to 60% APR. Does Expansion Capital Group Merchant Cash Advance charge prepayment fees?
Yes, Expansion Capital Group Merchant Cash Advance charges additional fees to borrowers who pay off their Expansion Capital Group Merchant Cash Advance sooner than anticipated. Take this into consideration when choosing a lender because prepayment penalties can reduce or even cancel the interest savings of repaying a Expansion Capital Group Merchant Cash Advance early.How much cash can you advance from Expansion Capital Group Merchant Cash Advance?
Cash advance amounts start at $5,000 and go up to $300,000.
What types of repayment method does Expansion Capital Group Merchant Cash Advance accept?
Expansion Capital Group Merchant Cash Advance accepts the following repayment method from the Merchant:
- Split withholding
- ACH withholding
How often does Expansion Capital Group Merchant Cash Advance process payments?
Expansion Capital Group Merchant Cash Advance processes payments daily based on your business's credit card transactions. This means that a percentage of your transactions will automatically be sent to Expansion Capital Group Merchant Cash Advance as payment for your cash advance until the full amount is paid.
Does Expansion Capital Group Merchant Cash Advance charge an origination fee?
Yes, Expansion Capital Group Merchant Cash Advance charges a origination fee .
What is the minimum repayment amount required by Expansion Capital Group Merchant Cash Advance?
There is no minimum repayment amount.
What is the estimated funding time for a merchant cash advance via Expansion Capital Group Merchant Cash Advance?
Expansion Capital Group Merchant Cash Advance can fund your merchant cash advance within 2 business days of approval.
What are the business financing requirements for Expansion Capital Group Merchant Cash Advance?
To apply for Expansion Capital Group Merchant Cash Advance, you need to provide the following business documentation:
- Business license
- Business bank account
What do you need to qualify for Expansion Capital Group Merchant Cash Advance?
Applicants with a credit score of at least 500 and up to 850 may be eligible for Expansion Capital Group Merchant Cash Advance. The minimum age to be eligible is 18 or the state minimum, whichever is higher. Expansion Capital Group Merchant Cash Advance does not have or does not disclose a minimum annual income eligibility requirement.
U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Expansion Capital Group Merchant Cash Advance.
To qualify, applicants may need to provide the following documentation:
- Proof of income
- Bank account information
- Business formation documents
- Proof of identity
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