Press Release October 23, 2013
Kennesaw, Georgia“ October 23, 2013 “ Capital Access Network, Inc. (CAN), the largest and most-experienced small business finance specialist, is helping to improve the literacy skills of underprivileged youth in the Kennesaw community. For nine years, CAN has demonstrated its commitment to Devereux Georgia through fundraisers, event sponsorships and campus building projects, earning its Community Partner of the Year award in 2007.
In this year’s Love of Literacy drive, CAN employees donated iPods, eReaders and MP3 players to Devereux. Teachers will load audio books onto these devices to assist students who are deficient in reading. Hearing and reading the words simultaneously holds the attention of the students longer and improves their comprehension.
Many Devereux students struggle to read on grade level as a result of emotional disturbances and learning disabilities often exacerbated by disrupted family relationships, said Gwendolyn Skinner, executive director for Devereux Georgia. CAN has been a phenomenal partner with us over the years and made a commitment to help kids in our community lead better lives.
We’ve made a commitment to give back to our local communities and are proud to partner with deserving organizations like Devereux, helping them educate and inspire the next generation, said Capital Access Network CEO Daniel DeMeo.
CAN also donated boxes of TracFones with pre-paid wireless phone service to Devereux’s Transition Program for their young adults, aged 18-21 years old, who have moved into independent living situations. These cell phones will help these young adults stay connected with the Devereux support team during this crucial transition period.
Capital Access Network, Inc. (CAN) reinvented small business finance to become the largest and most-experienced small business finance specialist. Using industry-pioneering risk models and an unprecedented amount of daily performance data, CAN facilitates more fundings and helps entrepreneurs qualify for more money than they could get elsewhere. Since 1998, thousands of small businesses in 650 industries have trusted CAN to provide fast access to the capital they need to grow”more than $3 billion to date. Banks and other capital providers also choose CAN as a preferred partner to give their customers more finance options.
In 2013, CAN was named to the Inc. 500|5000 list of the fastest growing private companies in America. The company operates profitably with a $460 million line of credit from a syndicate of premiere banks, including Goldman Sachs, Wells Fargo Capital Finance LLC, Capital One, Fifth Third Bancorp, Brown Brothers Harriman, Key Equipment Finance, Amalgamated Bank, Regions Bank, Capital Source and AloStar. CAN also received equity capital from Accel Partners in 2012. CAN makes capital available through its subsidiaries: Merchant Cash Advances by AdvanceMe, Inc. and business loans through NewLogic Business Loans, Inc. All business loans obtained through NewLogic are made by WebBank, a Utah-chartered Industrial Bank, Member FDIC.