CAN Capital Review

By: Kevin Mercadante


Service Profile 

CAN Capital offers Business Loans that you can use to pay for inventory, equipment, business expansion, or just about any other business purpose, including payroll, taxes and advertising. You can borrow as little as $2,500, or as much as $150,000. Repayment terms run from 4 months to 24 months. 

The simple application process takes only minutes to complete, and you can have the funds wired to your bank the day after approval.

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You only need to be in business for 4 months or more to qualify, and have a minimum credit score of 550. You can borrow up to 80% of your average gross monthly sales, so if your gross is $150,000, you can borrow $120,000. The APRs run between 19.99% to 39.99% on an annual basis. No upfront fees are required.

CAN Capital also offers Merchant Cash Advances. These can be used for similar purposes as business loans, though it isn’t actually a loan. It represents flexible working capital that can be accessed by selling a portion of your future credit card sales. Repayment is handled by daily payments through a percentage of daily sales, so you never have to send CAN Capital a check. CAN Capital also offers a product called the TrakLoan, which shares many of the same variable repayment features of a Merchant Cash Advance, but is a loan with a personal guarantee.

Loan Features 

  • No personal collateral is required
  • Fair/poor credit accepted (FICO of 550 or above)
  • No checks - remittances are deducted from your business bank account daily
  • Loan proceeds available for any business purpose purpose (with exception of purchase of Real Estate)
  • Fast application process with light documentation requirements
  • Business Loan Calculator allows you to determine your payments
  • No upfront fees required
  • Flexible repayment terms

Loan Application Information

In order to apply for a CAN Capital business loan, you can complete the pre-qualification in about 10 minutes. The application is completed online, but you can also apply by phone. You will need to provide your name and contact information, business name, gross monthly sales, and the amount of time you have been in business. 

Your Social Security number will be required as a credit report will be run. You will be required to furnish three months bank statements in order to verify your gross monthly income. The bank statements must show that your cash flow is fairly consistent from month-to-month.  

Repayment Terms

Repayment terms depend on the amount of money that you borrow and the CAN Capital product you have chosen. For CAN Capital's Business Loans, repayment is handled by direct payment from your business credit or debit account on a daily basis, so you won’t ever need to send CAN Capital a check. Remittances are in a fixed amount, so you won’t have to worry about accumulating the money to make a large monthly payment.

Using the Business Calculator, if you have monthly gross sales of $100,000, and take a loan of $25,000 for four months, your weekday payment will be $327. That will total $28,750 over four months. 

Help & Support

You can contact CAN Capital during regular business hours, by live chat, email, or by toll-free phone. When we contacted them by phone on a Friday afternoon, we got through in just a few minutes. The company representative was both courteous and knowledgeable, and easily able to address our questions and concerns. 


CAN Capital has been in operation since 1998, which makes it one of the longest running dedicated loan platforms on the web. You can use the loan funds for any business purpose (with the exception of Real estate purchase), and your loan is based more on your business cash flow than it is on your personal credit. Though APRs are much higher than traditional bank loans, there are no upfront fees, no fixed repayment schedule, no required personal collateral, and underwriting requirements are a lot less restrictive. The fact that more than 70% of CAN Capital’s loan clients come back again speaks volumes about the service it offers.

Company Profile

CAN Capital is one of the longest and best established sources for business loans available. The company began operations in 1998, and has provided more than $5 billion in funding to over 160,000 small businesses in over 540 industries.

Based in New York City, CAN Capital is the perfect loan source for people with less than perfect credit, or those with short business histories. The company’s top notch customer service, easy application process, and reliance on cutting edge technology combine to create repeat customer business rate of over 70%. 

The company is led by CEO Dan DeMeo, and has credit facilities through Wells Fargo, JP Morgan Chase, UBS and Barclays.

Physical Address 

CAN Capital
414 W. 14th Street
New York, NY 10014

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