Diversified Financial Services
Company Overview of CAN Capital, Inc.
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
New York, NY 10014
Founded in 1998
Key Executives for CAN Capital, Inc.
Chief Legal Officer, Chief Compliance Officer and Executive Vice President
Compensation as of Fiscal Year 2015.
CAN Capital, Inc. Key Developments
CAN Capital Secures $650 Million Credit Facility from Dozen Lenders
Apr 2 15
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
Mar 31 15
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
Feb 25 15
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.
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