Press Release June 13, 2013
New York (June 13, 2013) “ Capital Access Network, Inc. (CAN), the largest and most-experienced small business finance specialist, has moved its current Costa Rica operations center into the most environmentally-friendly building in the city of Lindora. The facility houses operational, analysis and technology functions, and approximately 140 employees. The Lindora facility joins two other locations, the New York City headquarters and metro-Atlanta operations center, which together house 440 employees.
With a newly secured credit line of nearly $500 million, CAN is upgrading its infrastructure and facilities to support its next phase of rapid growth. CAN is forecasting a significant increase in customers as it invests in digital channels, product development, and data-driven marketing programs. The new building is almost 20% larger than the previous facility, measuring over 16,000 square feet, and is included in the ISO 27001 certification process currently underway.
Innovation is one of CAN’s core values and our new, eco-friendly facility reflects that, said Capital Access Network CEO Daniel DeMeo. Our colleagues in the Lindora location will play a critical role as we diversify our product offerings, distribution channels, and digital presence over the coming months. That’s why we invested in a state-of-the-art facility that gives them an employee and environmentally-friendly work environment that fosters innovation and creativity for new ideas that support our aggressive growth plans.
The newly constructed Tributo Building at the Tribu Technological and Creativity Center offers many eco-conscious features that showcase the latest innovations in materials science, energy efficiency, and bioclimatic systems. Some of these innovations include:
¢the largest vertical garden in Central America, composed of more than 16,000 plants, which generates oxygen for and purifies carbon dioxide generated by 416 people every day;
¢a roof deck that doubles as an insulating sheeting system to minimize heat transfer and reduce noise when it rains;
¢a water collection system with a containment tank that can withstand heavy rainfall for several hours; and
¢a high-efficiency air conditioning system that lowers the building’s carbon footprint by 25 percent.
Providing an employee-centered work environment was key in the selection criteria of the new building, said Franck Fatras, CAN’s Chief Technology Officer and senior executive overseeing site operations. This location offers more square footage per employee, including a balcony providing outside space, and enhanced natural light. We are now in a campus community, surrounded by creative people and innovative businesses, and welcome the stimulus that offers our team.
Capital Access Network offers small businesses access to multiple finance choices, including small business loans and flexible funding products. Capital Access Network uses a proven, data-driven approach to evaluate and manage small business risk. This allows it to help small businesses in need of $150,000 or less, including those turned off from traditional bank loans due to cumbersome application processes and lengthy cycle times.
About Capital Access Network, Inc.
Capital Access Network, Inc. (CAN) is the largest and most-experienced small business finance specialist for small businesses. CAN’s Daily Remittance Platform and proprietary risk models enable it to evaluate businesses based on their performance, resulting in increased access to capital. Through its subsidiaries, NewLogic Business Loans, Inc. and AdvanceMe, Inc., CAN has given small businesses access to more than $3 billion in working capital over the past 15 years. All business loans obtained through NewLogic are made by WebBank, a Utah-chartered Industrial Bank, Member FDIC. ‹