Press Release August 17, 2016
Alternative Finance Company Achieves 29% Five Year Growth Rate
New York, NY (August 17, 2016) – CAN Capital, the market share leader in alternative small business finance, has been recognized on the Inc. 5000 list of the fastest-growing private companies in America for the fourth year in a row. With 18 years of experience in providing small businesses with fast, efficient access to working capital, CAN Capital continues to achieve annual growth and profitability while remaining committed to its goal of helping small businesses succeed.
“We’re thrilled to be named to the Inc. 5000 list for the fourth year in a row,” said Daniel DeMeo, Chief Executive Officer, CAN Capital. “As the largest alternative small business finance company, we’ve provided more than 70,000 small businesses with access to more than $6 billion in working capital. This achievement is a reflection of our proprietary processes, customer-focused approach and most importantly, our determination to foster small business growth.”
CAN Capital announced of notable achievements in 2016. In April, CAN Capital reached the milestone of providing small businesses with access to more than $6 billion in working capital, more than any other company in the alternative finance space. In May, CAN Capital and Entrepreneur Media announced an exclusive partnership to launch “Entrepreneur Lending powered by CAN Capital,” a streamlined solution to give small business owners access to quick, hassle-free financing options for their businesses. The exclusive lending portal will launch online this summer. Additionally, CAN Capital joined with its peers to create the Innovative Lending Platform Association, a partnership focusing on improving small business online lending education, advocacy and best practices.
To date, CAN Capital has facilitated more than 175,000 small business fundings in unique industries such as beauty salons, restaurants and medical offices. Over the past five years, the company has grown portfolio assets by over 29% (CAGR) with commensurate growth in earnings.
Inc. has honored the fastest-growing private companies in America with its annual Inc. 5000 list since 2007. This award praises entrepreneurial innovation and success among 5000 private companies in the U.S. CAN Capital ranked
Founded in 1979 and acquired in 2005 by Mansueto Ventures, Inc. is the only major brand dedicated exclusively to owners and managers of growing private companies, with the aim to deliver real solutions for today’s innovative company builders. Total monthly audience reach for the brand has grown significantly from 2,000,000 in 2010 to over 6,000,000 today. For more information, visit www.inc.com.
About CAN Capital
CAN Capital, Inc., established in 1998, is the pioneer and market share leader in alternative small business finance, having provided access to over $6.0 billion in capital for over 70,000 small businesses in a wide range of locations and different business types. 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, member FDIC, and through CAN Capital’s subsidiaries: Merchant Cash Advances by CAN Capital Merchant Services, Inc., and business loans by CAN Capital Asset Servicing, Inc.