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What To Do When You’re Rejected by Your Bank

2 minutes Read

Banks have, traditionally, been the go-to source for small business owners in need of working capital. What if you go to the bank, however, and walk away without the business loan you need?

You Need a Solution

Fortunately, your bank is not the only lending source available; you now have choices. CAN Capital provides access to an alternative finance opportunity that may be perfect for your business.
In 1998, Barbara Johnson, owner of a Gymboree franchise, was struggling to handle the ups and downs of her business’s income. She experienced the painful, prolonged process of dealing with local banks, and ultimately walked away without the loan she needed. So she came up with a solution herself: the original concept behind CAN Capital. Today, CAN Capital is the leading alternative finance company for small businesses.

You Need Options

With a business loan accessed through CAN Capital, you can get the working capital you need for unexpected expenses such as slow sales seasons, inventory, or expansion.
There’s no need to stress about that looming monthly payment, either. Instead, a small, fixed daily repayment will be automatically deducted from your business bank account every weekday. Make regular, reasonable payments that work with your daily finances. Forget scrambling to make a single large payment at the end of the month. Forget stressing over whether your incoming cash will add up just right. It’s a hassle-free repayment plan that fits your budget.

You Need Easy and Fast

You’ve already experienced the hassle of gathering documents, financial records and everything else your banker requires for a loan application. Who has time for that? Certainly not busy business owners with customers, inventories and employees to manage.

CAN Capital’s online pre-qualification application can be completed in less than 10 minutes. The approval process is quick as well. Once you’re approved, funds can be wired to your business bank account in as little as two business days*.

You Need Recognition, Not Scrutiny

At CAN Capital, we look first at the performance of your business, rather than focusing only on your personal credit history. It’s about the day-to-day data: your industry, monthly revenue, cash flow and years in business, just to name a few. Most of all, it’s about building a long-term relationship with small business owners—like you—who have the know-how to grow their businesses, but need the capital to make it happen.

You Need Flexibility

You know that the daily work of running a business is rarely predictable. Local or regional bank loans, however, can tie you down. Their stringent rules may limit how you can use your funds. That means that even if you have the capital in your account, you may be unable to apply it in the best way for your business. With CAN Capital, however, your money is your money. You have the freedom to use the funds for your business for almost any business need. You’re the boss; you make the call.

*Funding time calculation reflects timing from funding approval to initiation of ACH funds transfer.  Settlement of funds to customer’s bank account may take additional time.