Can Capital Merchant Cash Advance Review 2023
Loan Amount
Factor Rate
Terms
Min Credit
Time to Fund
Company Profile
CAN Capital has positioned itself in an economy where many commercial lenders made it challenging for small businesses to acquire the working capital they needed. Their innovative solutions to this problem made them pioneers in their category. Two decades later, their vision remains consistent, and their innovative spirit propels them to continually enhance the financial solutions they offer to their customers and partners.
CAN Capital emphasizes teamwork, ensuring that they perform quickly and seamlessly with respect when dealing with customers and sales partners. They also value tenacity, going the extra mile for their customers, sales partners, and colleagues. Transparency is another core value, with no hidden agendas or conditions. They work collaboratively, seek feedback, and harness the power of the group whenever possible.
Products & Services
CAN Capital offers short term working capital loans to help businesses secure the cash flow they need to operate and grow. These funds can be used for various business needs, including inventory, operational expenses, payroll, vendor fees, and marketing. Having cash on hand to capitalize on timely business opportunities can be the difference between a business merely surviving and truly thriving.
CAN Capital provides funding ranging from $2,500 to $250,000 with terms from 6 to 24 months. They pride themselves on fast decisions, and if approved, funds can be deposited as quickly as the next business day. Repayment is made through automated ACH deductions, and a pre-payment discount is available.
Pros and Cons
Pros:
1. Extensive industry experience.
2. Over $7 billion in funds accessed.
3. Served over 81,000 small businesses.
4. Fast and simple funding process.
5. Transparent values and operations.
Cons:
1. Specific loan details like rates and minimum credit score are not provided.
2. The exact industries they work with are not specified.
3. State-specific operations and restrictions are not mentioned.
4. Detailed qualifications for funding are not provided.
5. Collateral or other guarantees specifics are not detailed.
Ideal Customer
CAN Capital is designed for businesses that may find it challenging to acquire working capital from traditional lenders. Their services are especially beneficial for businesses that need to operate and grow, requiring funds for inventory, operational expenses, payroll, vendor fees, and marketing.
Required Documentation
The specific documentation required for funding is not explicitly mentioned on the provided pages. However, the application process involves sharing information about the business and the applicant.
Industries and Restrictions
CAN Capital works with various small businesses. The exact industries they work with and any potential industry restrictions are not specified in the provided content.
State of Operations
The states in which CAN Capital operates and any potential state restrictions are not specified in the provided content.
Basic Qualifications
To qualify for funding through CAN Capital, businesses need to undergo a review process. The exact qualifications are not detailed in the provided content.
Collateral or Guarantees
It is mentioned in the FAQs that a personal guarantee might be required, but the specifics regarding collateral or other guarantees for the company's products are not detailed.
Alternatives
Alternative options to CAN Capital are not mentioned in the provided content. However, there are various other financial institutions and online lenders that offer similar services for businesses seeking working capital.