Want to renegotiate your

Business Loan with Can Capital?

Can Capital Asset Servicing, Inc. (“CAN Capital”) is a provider of alternative business funding, including merchant cash advances and business loans. Established in 1998 and based in New York, they claim to have been involved in helping small businesses access over $6 billion in working capital. The CEO which presided from 2001 to 2013 described the company as the “biggest and most profitable” small business alternative financing company in the United States. The company also claims to be the first in the industry to offer merchant cash advances.

Are you falling behind on payments?

At the Law Office of Simon Goldenberg PLLC, our team of negotiators have assisted numerous consumers and businesses with respect to resolving their debts. We understand the unique issues that business owners face when they fall behind on payments, and we have developed specialized strategies to help resolve small business loans and merchant cash advance (MCA) debts.

About Can Capital Small-Business Lending

Can Capital Inc., formerly known as Capital Access Network, inc., offers alternative forms of commercial financing, such as business loans, cash advances, and working capital, through WebBank, and through Can Capital’s subsidiaries, which include:

1. CAN Capital Merchant Services, Inc., CCMS (for Merchant Cash Advance)
2. CAN Capital Asset Servicing, Inc., CCAS (for business loans)
3. NewLogic Business Loans, Inc.

As of the date of this post (10/24/2016), they maintain an A+ business rating with the Better Business Bureau. The record shows 11 complaints closed within the prior 3 years, 6 of which were closed in the prior 12 months. The bulk of complains were categorized as problems with the product or service, while a minority of the complaints relate to advertising and billing/collection issues. Can Capital’s BBB file dates back to 12/14/1998. They appear to take complaints seriously and respond promptly.

As an alternative small business funding company, Can Capital tries to set itself apart by offering low qualification requirements. For example, merchants may qualify for a loan with a:

• Business that is operating for a minimum of a few months.
• Minimum monthly revenues of $4,500
• Minimum credit score of 550

Contact Information for Can Capital: Phone - 877-550-4731. Address - 414 West 14th Street, 3rd Floor, New York, NY 10014.

Applying for a business loan?

When underwriting a small business loan, many mainstream banks will limit consideration to companies with at least several years of operating history, strong revenues, and oftentimes requiring backing by a personal guarantor with positive credit. Small businesses might be tempted to take advantage of Can Capital’s easy financing, but it’s important to understand the costs, repayment structure, and consequences of default.

About Small Business Financing With Can Capital:

• Apply for up to 8% - 10% of annual gross
• Interest rates from 62%-85% APR
• Business Collateral Required
• May require a Personal Guarantee

Types of Small Business Loan Programs:

1. Term loans with fixed payments to be made daily
2. A “Trakloan” which allows some flexibility with a daily payment schedule
3. An installment loan for business which allows for fixed monthly payments.

Negotiate Business Loans & Merchant Cash Advance

If you borrowed a business loan, merchant cash advance, or took other debt from an alternative lender such as Can Capital, contact us to learn how we help companies reduce small business debt and enter into affordable payment arrangements. We know how aggressive commercial debt collectors can be, and we can help reduce the volume of collections calls that you receive. Our team of experienced negotiators can put their skills to use for your benefit.

Contact our small-business debt reduction team at (888) 301-0584 and learn how we can help.

The Law Office of Simon Goldenberg PLLC does not endorse this lender, nor do we form any opinion as to the quality of their service. This page does not include legal advice. For general informational purposes only. Prior results do not guarantee future performance. Call us to learn more.