CAN Capital, Inc.

CAN Capital is a Kennesaw, Georgia-based small business financing company that has been providing working capital to small businesses since 1998, making it one of the earlier entrants in the alternative small business lending market. It provides funding to businesses that may not qualify for or prefer not to go through traditional bank loan processes.

CAN Capital's main products are merchant cash advances and short-term business loans. A merchant cash advance provides a business with an upfront sum of cash in exchange for agreeing to repay a larger amount through automatic deductions from daily credit and debit card sales. This continues until the full repayment amount is reached. A short-term business loan provides a lump sum repaid through regular fixed payments over a period typically ranging from a few months to a couple of years.

CAN Capital uses business bank account and payment processing data to evaluate applications, and the process is generally faster than applying for a bank loan. Businesses often receive a decision within a day or two.

As with most non-bank alternative lenders offering fast, flexible capital, the cost of borrowing from CAN Capital is typically higher than bank loans or SBA-backed financing. Merchant cash advances in particular often carry a high effective annual cost when the fixed fee is calculated as an annual rate. Small business owners should work out the full cost in dollar terms before accepting any offer.

CAN Capital serves businesses across a wide range of industries in the United States. It typically requires businesses to have been operating for at least a few months with consistent revenue from card sales.

Always compare the full cost of a CAN Capital offer against bank term loans, credit union products and SBA loan programs before making a decision.