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  CAN Capital

CAN Capital

in Business Loans from CAN Capital

Unaffiliated

CAN Capital

Unaffiliated

in Business Loans from CAN Capital

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Highlights
Highlights
Community Rating Mostly recommended
Loan Amount $2,500 - $150,000
APR  (Fixed APR) 16% - 70%
Loan Term 6 - 18 months

CAN Capital Review

Where does CAN Capital do business?

CAN Capital is a business financing offering by CAN Capital, a direct lender based in New York, NY. Founded in 1998, CAN Capital offers access to business loans in 50 states (and Washington, DC).

What are CAN Capital’s rates?

CAN Capital offers a fixed APR business financing product that ranges from 16% APR up to 70% APR.

Does CAN Capital charge an origination fee?

Yes, CAN Capital charges a loan origination fee starting at 3% of the loan amount. CAN Capital deducts the fee directly from your loan amount before disbursing loan proceeds, so make sure you take this fee into account when deciding how much you need to borrow.

What limitations does CAN Capital set on the purpose of the loan?

CAN Capital considers loan applications for business purposes, such as:

  • Business Debt Refinance
  • Equipment Purchase
  • Hiring
  • Inventory
  • Lease Improvement
  • New Location
  • Payroll
  • Product or Service Expansion
  • Technology Investment
  • Working capital

What types of business loans does CAN Capital offer?

Not all business loans are made equal. The type of loan you choose will determine the range of rates and terms you receive. CAN Capital provides access to the following business loan types:

  • Unsecured term loans
  • Merchant Cash Advances

Does CAN Capital charge prepayment fees?

Yes, CAN Capital charges additional fees to borrowers who pay off their loans sooner than anticipated. Take this into consideration when choosing a lender because prepayment penalties can reduce or even cancel the interest savings of repaying a loan early.

How much can you borrow from CAN Capital?

Loan amounts start at $2,500 and go up to $150,000.

What is the maximum loan term you can get with CAN Capital?

CAN Capital offers business loans with terms ranging from 6 to 18 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

What do you need to qualify for CAN Capital?

CAN Capital requires companies to be in business for at least 6 months. Businesses must have a minimum annual revenue of $150,000 to be considered.

Applicants with a credit score of at least 640 and up to 850 are eligible for CAN Capital.

CAN Capital does not have or does not disclose a minimum annual income eligibility requirement. CAN Capital only considers borrowers who are employed.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via CAN Capital. Their rates fall within the limits of The Military Lending Act.

Only U.S. citizens and permanent residents can apply for a loan.

To qualify, applicants may need to provide the following documentation:

  • Proof of income
  • Proof of identity

What is the estimated funding time for a business loan via CAN Capital?

CAN Capital can approve (or deny) a loan application within 24 hours and fund business loans within 2 business days of approval.

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About CAN Capital

Availability

Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Origination Fee Starting at 3%
Credit Score Range 640 - 850
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Self-Employed
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Minimum Months in Business 6
Minimum Revenue $150,000
Verification Documents Required
  • Proof of Identity
  • Proof of Income
Loan Amount $2.5K - $150K
Loan Term 6 - 18 months
APR (Fixed APR) 16% - 70%

CAN Capital Community Reviews

 
 

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