CAN Capital

Use Case n. 363CAN Capital has served small businesses for more than a decade by developing and delivering working capital solutions.http://www.cancapital.com/New YorkNew YorkNew York, New York, United States10014Daniel DeMeo1998500PrivateFinance & InvestmentFinancial Products And ServicesCAN Capital (formerly Capital Access Network) is a large, experienced company providing small businesses with access to alternative capital. CAN Capital uses innovative and proprietary risk models combined with daily performance data to evaluate business performance. Its business evaluation model allows it to facilitate capital for entrepreneurs and help them qualify for more money than they could obtain elsewhere. Small businesses in over 650 industries have chosen CAN Capital to obtain easy access to the funding that they need. CAN Capital makes capital available to businesses through its subsidiaries: Merchant Cash Advances by CAN Capital Merchant Services, Inc., and business loans through CAN Capital Asset Servicing, Inc. (CCAS). All business loans obtained through CCAS are made by WebBank, a Utah-chartered Industrial Bank, member FDIC.CAN Capital announced $33m in funding led by Meritech Capital Partners with increased participation and ownership from existing investor Accel Partners 1/9/2014, joined by Ribbit Capital and QED Investors. CAN Capital grew its revenue 49% 2009-2012 and operates profitably with a $460 million line of credit from a syndicate of leading banks, including GS, Wells Fargo Capital Finance LLC, Capital One, Fifth Third Bancorp, Brown Brothers Harriman, Key Equipment Finance, Amalgamated Bank, Regions Bank, Capital Source and AloStar (plus equity). This impressive growth has allowed the company to increase its employee base by 30% since 2010 to 500 employees.
UsagesUse Case n. 363
TaglineCAN Capital has served small businesses for more than a decade by developing and delivering working capital solutions.
Homepagehttp://www.cancapital.com/
CityNew York
StateNew York
Mapping LocationNew York, New York, United States
Zip Code10014
CEODaniel DeMeo
Year Founded1998
Full Time Employees500
Comapny TypePrivate
Market CategoriesFinance & Investment
Revenue SourceFinancial Products And Services
DescriptionCAN Capital (formerly Capital Access Network) is a large, experienced company providing small businesses with access to alternative capital. CAN Capital uses innovative and proprietary risk models combined with daily performance data to evaluate business performance. Its business evaluation model allows it to facilitate capital for entrepreneurs and help them qualify for more money than they could obtain elsewhere. Small businesses in over 650 industries have chosen CAN Capital to obtain easy access to the funding that they need. CAN Capital makes capital available to businesses through its subsidiaries: Merchant Cash Advances by CAN Capital Merchant Services, Inc., and business loans through CAN Capital Asset Servicing, Inc. (CCAS). All business loans obtained through CCAS are made by WebBank, a Utah-chartered Industrial Bank, member FDIC.
Financial InformationCAN Capital announced $33m in funding led by Meritech Capital Partners with increased participation and ownership from existing investor Accel Partners 1/9/2014, joined by Ribbit Capital and QED Investors. CAN Capital grew its revenue 49% 2009-2012 and operates profitably with a $460 million line of credit from a syndicate of leading banks, including GS, Wells Fargo Capital Finance LLC, Capital One, Fifth Third Bancorp, Brown Brothers Harriman, Key Equipment Finance, Amalgamated Bank, Regions Bank, Capital Source and AloStar (plus equity). This impressive growth has allowed the company to increase its employee base by 30% since 2010 to 500 employees.