Russell Walraven
678 - 293 - 3704
RWalraven@cancapital.com
May 27, 2021
New CAN Capital Survey Results Show Small Business Owners Confident in the Future[Kennesaw, GA] – New data released today by CAN Capital, Inc., a provider of access to working capital for small and medium sized businesses, shows business owners have a sense of confidence for the future after the COVID-19 crisis. Polling more than 400 U.S. small business owners across 49 states, the research reveals the majority of small business owners believe their business’ future is bright. Specifically, 79% of respondents feel at least somewhat confident in their business’s future, with 54% responding they are very confident. The data also shows that 74% of these businesses are currently either fully or partially open and for those that are partially open, 68% expect to be fully operational within 60 days. In fact, 37% of respondents in the survey never released any of their employees and 36% plan to hire back all employees that were released due to the crisis. The research also shows 81% of small business owners feel access to working capital will be more difficult after the crisis. However, 82% of the respondents say they will invest in their businesses within nine months with 44% planning to invest immediately. “The overwhelmingly positive sentiment displayed by these business owners was a bit surprising but extremely encouraging”, said CAN Capital VP of Marketing, Russell Walraven. “The confidence in the future of their business shows just how resilient and dedicated these business owners are to weathering this unprecedented storm.” About CAN Capital CAN Capital, Inc., established in 1998, is the pioneer in alternative small business finance, having provided access to over $7.5 billion in capital through over 200,000 transactions in a wide range of locations and different business types. As a technology powered financial services provider, CAN Capital uses innovative and proprietary risk models combined with daily performance data to evaluate business performance and facilitate access to capital for entrepreneurs in a fast and efficient way. CAN Capital, Inc. makes capital available to businesses through business loans made by WebBank, member FDIC, and through Merchant Cash Advances made by CAN Capital’s subsidiary CAN Capital Merchant Services, Inc. ©2020 CAN Capital. All rights reserved. Contact: Russell Walraven, 678-986-6748, rwalraven@cancapital.com
May 24, 2021
CAN Capital provides access to over 200,000 loans totaling $7.5 Billion in working capital to U.S. businesses[KENNESAW, GA, May 2021] — CAN Capital, Inc., pioneer in the alternative small business finance space, today announced that it has reached the milestone of providing small businesses with access to more than $7.5 billion in working capital. During its 22+ years in business, CAN Capital has leveraged its proprietary data-driven models, expert team, technology and customer-focused delivery to earn its position as the most experienced alternative finance company serving small businesses. To date, CAN Capital has facilitated over 200,000 small business fundings in more than 540 unique industries. “Reaching this milestone underscores how CAN Capital’s experienced team and innovative technologies have helped small business owners access much needed capital to grow their businesses”, says Ed Siciliano, Chief Executive Officer, CAN Capital. “Coming out of the pandemic, small business owners have an appetite for investing in the workforce, inventory, marketing and technology to adapt to this new environment and take advantage of opportunities created by an expanding economy. We facilitate fast approvals and fundings so business owners can spend time focusing on these goals and running their businesses instead of searching for capital.” “Small businesses are an incredibly important part of the American economy. We’re proud we’ve been able to support them over the past 22+ years, and look forward to continuing to do so with new products and significantly enhanced technology that will help drive future growth for CAN, our partners and our customers”, says Siciliano. About CAN Capital CAN Capital, Inc., established in 1998, is the pioneer in alternative small business finance, having provided access to over $7.5 billion in capital through over 200,000 transactions in a wide range of locations and different business types. As a technology powered financial services provider, CAN Capital uses innovative and proprietary risk models combined with daily performance data to evaluate business performance and facilitate access to capital for entrepreneurs in a fast and efficient way. CAN Capital, Inc. makes capital available to businesses through business loans made by WebBank, Member FDIC. All rights reserved. Contact: Russell Walraven, 678-986-6748, rwalraven@cancapital.com
Jan 10, 2021
CAN Capital Hires Edward J. Siciliano As Chief Executive OfficerJanuary 8, 2019 – deBanked CAN Capital, a technology-driven small business specialty finance company, today announced the appointment of Edward J. Siciliano as Chief Executive Officer. Siciliano brings over 30 years of experience in commercial financing, sales, marketing and operations… Click here to read the full article.