FOR IMMEDIATE RELEASE
April 20, 2023
CAN Capital, Inc., an innovator in alternative small business finance, announced today that it recently reached a significant milestone – providing access to over $8 billion in working capital to U.S. Small Businesses, loans originated by WebBank. For 25 years, CAN Capital’s technology, data-driven models, experienced team, and customer-focused delivery have enabled the company to become a leader in alternative finance servicing small businesses.
CAN Capital’s milestone reflects the success of its mission to unlock capital for even more small businesses. The company facilitated over 208,000 funding contracts, enabling more than 85,000 merchants to access the working capital they need to take their businesses to the next level.
Ed Siciliano, CAN Capital’s CEO, says, “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, Inc., established in 1998, is the pioneer in alternative small business finance. As a technology-powered financial services provider, CAN Capital uses innovative and proprietary risk models combined with daily performance data to evaluate business performance and facilitate access to Capital for entrepreneurs in a fast and efficient way. CAN Capital, Inc. makes Capital available to businesses through business loans made by WebBank and makes equipment financing available through equipment loans and leases offered by various providers of such products. ©2023 CAN Capital, Inc. All rights reserved.