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.
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.”
About Expansion Capital Group
Headquartered in Sioux Falls, South Dakota, ECG is a technology-driven specialty lender that leverages data to deliver tailored cash-flow based financing solutions for small businesses. Since its inception, ECG has provided approximately $1.3 billion in working capital to over 30,000 small businesses across the United States.
ECG’s proprietary technology platform enables rapid decision-making, with over 90% of applications decisioned within 45 minutes and for approvals a contract signed-to-funding ratio exceeding 80%. The company’s industry-leading partner portal and dedicated team support small business growth with cutting-edge financial solutions. ECG has been recognized multiple times by Inc. 5000 as one of the fastest-growing companies in the U.S., by American Banker as a Best Place to Work in Fintech, and maintains a 4.5-star (out of 5) rating on Trustpilot.
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“We will continue prioritizing our partners and customers while driving innovation in small business financing.”
Contacts
Jason Gross, Director of Marketing
jgross@ecg.com
Website: www.ecg.com
