Since 1998, CAN Capital has helped small businesses succeed. We positioned ourselves in an economy where many commercial lenders made it cumbersome and difficult for small businesses to get the working capital they needed. Our solutions to this challenge made us the first of our kind in the category.
Almost two decades later, our vision remains the same, while our innovative spirit drives us to continually improve the financial solutions we offer our customers and partners. We believe the best thing we can do for small business owners is get them back to business as quickly as possible. That’s why we’re committed to offering an easy application and approval process, with seasoned professionals who have the expertise to evaluate needs and provide access to flexible funding options, fast.
Our confidence in small businesses across the country drives our mission to help them realize their greatest possibilities. For tenacious entrepreneurs, CAN Capital is the time-tested partner to help them take on challenges and experience success.
Founded in 1998, CAN Capital offers financial products to small businesses in the form of term loans and merchant cash advances. It provides more than $6.5 billion in working capital to over 185,000 small businesses across the US.
Traditional financial institutions often impose strict eligibility requirements on their borrowers. Applications can be difficult and tedious, and even if you’re approved, it can be several weeks before you’re able to access your funds.
CAN Capital provides a refreshing alternative to big-bank loans. You can allocate your working capital with no restrictions. Its qualifications for borrower are less stringent than other providers’, and your approved loan funds are often deposited in your account in as little as 48 hours. CAN Capital requires automatic fixed daily repayments for its loans.
Your business must be at least two months old.
Your business must have a total gross revenue of at least $150,000.
Your business must have less than $175,000 in outstanding tax liens.
You must have no bankruptcy claims in the past year.
Make sure you have the following documentation ready before you apply:
Your Social Security number and Tax Identification Number.
Three months of bank or credit card statements.
Your business’s tax return.
A personal guarantee and, in some cases, a second guarantor.
Low, fixed daily payments
Simple automated ACH deductions from business checking account
Established maturity date
3% origination fee
Pre-payment discount available
Funding amount $2,500-$150,000 per location
Length of loan 6-18 months
Funds sent in as little as a few business days^
No personal collateral required
Business performance and cash flow considered
414 W 14th St
New York, New York