CAN Capital has announced a significant achievement, having facilitated over 200,000 small business fundings across more than 540 unique industries in the United States. The total working capital provided through these loans amounts to $7.5 billion.
"Reaching this milestone underscores how CAN Capital’s experienced team and innovative technologies have helped small business owners access much needed capital to grow their businesses," said Ed Siciliano, Chief Executive Officer of CAN Capital. He added that as businesses emerge from the pandemic, there is a growing interest in investing in workforce, inventory, marketing, and technology to adapt and capitalize on new economic opportunities. "We facilitate fast approvals and fundings so business owners can spend time focusing on these goals and running their businesses instead of searching for capital," Siciliano stated.
Siciliano emphasized the importance of small businesses in the American economy: "Small businesses are an incredibly important part of the American economy. We’re proud we’ve been able to support them over the past 22+ years, and look forward to continuing to do so with new products and significantly enhanced technology that will help drive future growth for CAN, our partners and our customers."
Founded in 1998, CAN Capital is recognized as a pioneer in alternative small business finance. The company uses innovative risk models and daily performance data to evaluate business performance efficiently. This approach allows them to provide entrepreneurs with quick access to capital through business loans made by WebBank, Member FDIC.
For further information, contact Russell Walraven at 678-986-6748 or rwalraven@cancapital.com.