A short term advance on cash flows paid back daily from your bank account.
A short term loan that is paid back with a percentage of future credit and debit transactions.
We haven't had to have much direct contact with ECG yet, since Lendio handled most of the contact on the front end. That said, ECG offered us funds in a timely manner, the documents were clearly stated and the loan funded quickly. The customer portal at ECG is user friendly and lets you know exactly where you are in your payoff timeline. You can't make any extra payments online. You have to contact customer service to do that. But it's a clean interface that gives you a clear path to email or call ECG directly. So far, a good experience.
Lendio & Expansion Capital group, continue to impress me with the ease of the borrowing process. Much like the good ol' American Handshake it was so easy to cut a deal and keep my business running during a slow period.
It makes more sense to have a bi weekly or monthly payments. Your weekly payments are getting stressful as my kind of business doesn’t get paid every Friday
They were able to get me the funds just in time to cover some unexpected expenses! Will definitely be using them again!