CAN Capital, Inc., a company specializing in alternative small business finance, has announced that it has reached a milestone by providing over $8 billion in working capital to U.S. small businesses. This funding was facilitated through loans originated by WebBank.
For 25 years, CAN Capital has used technology, data-driven models, and a customer-focused approach to establish itself as a leader in alternative finance for small businesses. The company's efforts have resulted in over 208,000 funding contracts and enabled more than 85,000 merchants to access necessary working capital.
Ed Siciliano, CEO of CAN Capital, stated, “Everyone at CAN is excited about this milestone; it speaks to the value that we feel we have brought to the SMB market for decades. Having said that, we are constantly working to improve how we service our customers and partners with the benefit of having outstanding employees.”
CAN Capital was established in 1998 and is known as a pioneer in alternative small business finance. The company uses proprietary risk models and daily performance data to assess business performance and facilitate quick access to capital for entrepreneurs. Business loans are made available through WebBank, while equipment financing is offered through various providers.
Press Contact: Evan Day
Email: eday@cancapital.com