Expansion Capital Group appointed its majority shareholder, Vincent Ney, CEO.

Ney will focus on developing the foundation built by the Expansion Capital team. Most recently, Ney was involved in the online consumer lending sector where he was instrumental in building a business to $100 million in revenue.

Ney’s early initiatives include testing and implementing new loan term and pricing options to provide broader and more advantageous solutions for borrowers.

Marc Helman has joined ECG as director of Strategic Partnerships. He is responsible for driving originations across the company’s Funding Partner and Partnership channels. Before joining ECG, Helman spent more than 10 years in investment banking and venture capital, providing financing to both private and publicly traded small businesses.

Ney and Helman are the most recent additions to the Expansion Capital team in 2016. Herk Christie joined ECG’s operations team in March from Resurgent Capital Services and Capital One. Tim Mages joined in February as CFO to assist ECG with its financial analysis and Capital Markets initiatives.

Dusty Wasmund, ECG’s vice president of Business Development and Channel Partnerships, said, “During the past six months, ECG has broadened its executive management team to build a sustainable business that enables small business owners to access capital quickly to capitalize on their objectives. Our combined team brings a variety of experiences and perspectives to better serve our customer’s needs.”

ECG also recently executed a partial equity recapitalization by ECG’s existing two family office investors. This additional equity, along with its $25 million credit facility closed in partnership with Northlight Financial and Bastion Management during the fourth quarter of 2015, provides ECG with enhanced capital resources to facilitate future growth.

Since 2013, Expansion Capital Group has provided small businesses with capital exceeding $130 million.