SuperMoney
  CAN Capital Business Loans

CAN Capital Business Loans

in Business Loans from CAN Capital

Unaffiliated

CAN Capital Business Loans

Unaffiliated

in Business Loans from CAN Capital

Net Recommendation Score 0

SUPERMONEY NET RECOMMENDATION SCORE

This product is mostly not recommended by SuperMoney users with a score of 0, equating to 3 on a 5 point rating scale.

0

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

Rating not yet determined  

1 user recommends
1 user is unsure
1 user doesn't recommend
Cast your vote

Would you recommend CAN Capital Business Loans to your friends?

Thanks for your vote!

You voted: May or may not recommend

Highlights
Community Rating

Rating not yet determined  

Loan Amount $2,500 - $150,000
APR  (Fixed APR) 16% - 70%
Loan Term (Months) 6 - 18 months

CAN Capital Business Loans Review

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

CAN capital FAQ

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 business loan amount. CAN capital deducts the fee directly from your business 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 business loan?

CAN capital considers business 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 small business loans does CAN capital offer?

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

  • Unsecured Term Business Loans
  • Merchant Cash Advances

Does CAN capital charge prepayment fees?

Yes, CAN capital charges additional fees to borrowers who pay off their small business 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 business loan early.

How much can you borrow from CAN capital?

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

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

CAN capital offers small 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 Business Loans?

CAN Capital Business Loans 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 may be eligible for CAN Capital Business Loans.

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 Business Loans. Their rates fall within the limits of The Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by CAN Capital Business Loans. Permanent resident / green card holders are also eligible to apply.

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 business loan application within 24 hours and fund small business loans within 2 business days of approval.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Message From CAN Capital Business Loans

Definition: A loan scheduled to be repaid in a relatively short period of time to finance your business's working capital needs. Generally used for many of the same purposes as a line of credit or to supplement an existing line of credit. Fast Approval. Funds can be deposited as fast as the next business day. Fixed Daily Payments. Automated ACH Deduction. Pre-Payment Discount Available. Up to 3% Origination Fee.

Contact

Other Services by CAN Capital

Availability

  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
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Self-Employed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
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 $2,500 - $150,000
APR (Fixed APR) 16% - 70%
Loan Term 6 - 18 months

CAN Capital Business Loans Community Reviews

 

Would you recommend CAN Capital Business Loans to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
(will require moderator approval)

SUPERMONEY NET RECOMMENDATION SCORE

This product is mostly not recommended by SuperMoney users with a score of 0, equating to 3 on a 5 point rating scale.

0

Recommendation score measures the loyalty between a provider and a consumer. It's at +100 if everybody recommends the provider, and at -100 when no one recommends.

sorted by

Other Business Loans