Can Capital has become one of the main brands for merchant cash advance for small businesses and companies within United States because of their flexible requirements. The companies that have had difficulties to qualify for a bank loan in the past and all businesses that have been operating for just a few months might get a loan through CAN capital. You have to have a monthly revenue of at least $4,500 and a minimum credit score of 550. If you and your business meet these two requirements and if you have been in business for at least 4 months, you are a candidate for a merchant cash advance loan with Can Capital.
Can Capital is already a leading Company in providing Access to financing to small businesses with pre-approvals in 10 minutes and has been doing so since 1998 with their sole commitment of helping small companies succeed through access to working capital with loan options from $2,500 up to $250,000 as fast as 2 business days. Since 1998, CAN Capital has provided more than $6 billion dollars with more than 156,000 loans to small businesses.
CanCapital, an online lender specializing in merchant cash advances, offers its loans for small business in all United States except Puerto Rico and Virgin Islands.
Merchant Cash Advance for Small Businesses
Businesses that do not need a big loan and/or could not qualify with other lenders due to their industry, time length in business, or bad credit score, may turn to Can Capital and get approved since 4 out of every 5 commercial loan applications are approved. You can request very small to very large loans for your small business: from $2,500 up to $150,000 for companies with only one office or store; and up to $250,000 for companies with multiple locations.
These loans also have different terms typically ranging from 4 to 24 months. This means that your small Company can access a short-term loan to buy inventory, for example, and then sell its merchandise and pay the loan quickly… if you pay the loan early not only you won´t incur into penalties, but instead you will receive a 6% discount from the remaining balance. On the other hand, you can get a long-term loan and take your time to pay the borrowed amount which is pretty handy in cases such as equipment purchase, machinery or remodeling.
Loan pre-approvals in 10 minutes, funds within 2 business days, fixed payments and 550+ of credit score. Furthermore, your business only need to be 4 months old.
Up to $250,000
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Some users complain that you cannot get big loan amounts with CAN Capital; but according to statistics, the average loan that small companies need range from $10,000 to $25,000. With CanCapital, you can qualify, in average, for a loan of 10% to 15% of your company annual gross revenue. For example, a company with $100,000 gross annual revenue could get from $10,000 to $15,000, which may not be enough to fund big acquisitions, but in most cases is enough to buy merchandise, remodeling, franchise costs and even to purchase new equipment. Of course, loan amounts can be much higher if the company is stable and has a good credit.
