Bloomberg Anywhere Remote Login Bloomberg Terminal Request a Demo

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us


September 04, 2015 7:33 PM ET

Diversified Financial Services

Company Overview of CAN Capital, Inc.

Company Overview

CAN Capital, Inc. is a holding company operating through its subsidiaries CAN Capital Merchant Services, Inc. (CCMS) and CAN Capital Asset Servicing, Inc. (CCAS). The company’s subsidiaries provide merchant cash advances, business loans, working capital, and alternative business finance. It uses risk models combined with daily performance data to evaluate business performance and facilitate access to capital for entrepreneurs. The company caters to small and medium-sized businesses. CAN Capital, Inc. was formerly known as Capital Access Network, Inc. and changed its name to CAN Capital, Inc. in December 2013. The company was founded in 1998 and is based in New York, New York.

414 West 14th Street

3rd Floor

New York, NY 10014

United States

Founded in 1998

Phone:

877-550-4731

Key Executives for CAN Capital, Inc.

Chief Executive Officer
Chief Financial Officer
Chief Legal Officer, Chief Compliance Officer and Executive Vice President
Age: 46
Chief Risk Officer
Chief Technology Officer
Compensation as of Fiscal Year 2015.

CAN Capital, Inc. Key Developments

CAN Capital Secures $650 Million Credit Facility from Dozen Lenders

CAN Capital announced that it secured a $650 million credit facility from a dozen leading lenders. Led by Wells Fargo Capital Finance, the transaction includes new commitments from Morgan Stanley, Barclays, UBS, J.P. Morgan, SunTrust Bank and First Tennessee Bank, increased commitments from Fifth Third Bank, Regions Bank, and AloStar Bank of Commerce, and continuing commitments from CapitalSource (a division of Pacific Western Bank), and Amalgamated Bank. The company will use the funds to expand and accelerate the growth of its small business finance programs.

CAN Capital, Inc. Appoints David Dart as Chief Technology Officer

CAN Capital has named David Dart to the position of Chief Technology Officer. Dart will oversee the company's continued development of technology focused on providing small businesses with fast, efficient access to capital. He will be based in Kennesaw Georgia and report directly to Daniel DeMeo, Chief Executive Officer. Dart brings more than 25 years of financial technology experience to CAN Capital, covering retail banking, investment banking, wholesale financial trading and corporate banking. He is an expert at deploying transformational technological strategies, building teams, and bridging the gap between an organization's core business functions and IT. Dart most recently served as Chief Technology Officer at Synovus.

Worldpay and CAN Capital, Inc. Team to Provide Working Capital Solutions to Small Business Owners

Worldpay and CAN Capital, Inc. announced a renewed relationship to offer merchants fast, efficient access to working capital so they can grow and manage their businesses while preserving cash flow. Through CAN Capital, pioneers of the Merchant Cash Advance (or MCA) and Daily Remittance Platform, Worldpay merchants gain access to flexible finance programs that are easy to manage. This allows merchants to increase inventory, purchase new equipment or even open new locations quickly and with cash-flow friendly terms.

Similar Private Companies By Industry

Company Name Region
First Financial Credit Union United States
Corry Area Schools Federal Credit Union United States
Clarion Capital LLC United States
CMXL, Inc. United States
Landmark Credit Union United States

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact CAN Capital, Inc., please visit www.cancapital.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.