
CAN Capital Business Loans
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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 and permanent resident / green card holders are eligible to apply for the services offered by CAN Capital Business Loans.
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.
Message From CAN capital
Contact
- Headquarters
-
414 W
14th Street 3rd Floor
New York, NY 10014 USA - (877) 550-4731
- Visit Site
- Email Support
Other Services by CAN Capital
Availability
- Alaska
- Alabama
- Arkansas
- Arizona
- California
- Colorado
- Connecticut
- Washington, DC
- 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
CAN Capital Business Loans Community Reviews
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