Can Capital Small Business Loans Review

#22 in Small Business Loans

Can Capital specializes in helping small and medium-sized businesses get quick access to business funding. It uses its Daily Remittance Platform to help lenders get an in-depth look into the strength of small businesses. This in turn reduces the risks for lenders and helps small businesses increase their chances of qualifying for a loan.

Features and Services

Can Capital provides two business funding options for small businesses. Its Small Business Loan offers a maturity date and fixed daily payments. Loans are available from $2,500 to $150,000 for single-location businesses and up to $250,000 for multi-location businesses. Loan terms are from 4 to 24 months.

The second option is thru its Merchant Cash Advances. This type of loan does not require personal collateral and funds of up to $150,000 can be received in as 3 business days. Those with past credit problems could also qualify for this type of loan.

Applying for a small business loan is done online. All it takes is a few minutes. Prequalifying for a loan requires you to enter simple information such as your name, business address, gross monthly sales and time in business. Small businesses with as little as 4 months in operation can qualify for Can Capital’s business loans.

No checks are required for payment. Instead, these are automatically deducted from your business account. Applying for a personal loan does not require personal collateral. Qualified businesses are able to get quick access to much needed funds in as little as two business days making it ideal for helping them fund unexpected business expenses.

Plan Details

Loan Amount

$150,000 single-location, $250,000 multi-location

Loan Terms

4-24 months

Interest Rates

60% t0 85% APR

Fixed Interest Rate

Variable Interest Rate

Down Payment

Loan Fees

Closing Cost

Guarantee

Other Fees

Prepayment Penalty

Loan Application

Online Application

Personal Credit Profile

Business Credit Profile

Approval Time

A few minutes

Local Branches

Available Nationwide

Application Time

A few minutes

Mobile App

Qualifications

U.S. Citizen

Good Credit

Bankruptcy

Years in Business

4 months

Qualified even with bad credit

Help and Support Services

Email Support

24 Hour Telephone Support

Live Chat

FAQs

Small Business Loans at Can Capital

Small businesses who may have found applying for a small business loan difficult because of their previous credit history and poor credit profile should certainly take a look at what Can Capital has to offer. Businesses with as little as $4,500 in monthly gross and those who are at least 4 months in operation can qualify for a small business loan. Certainly a good choice for small businesses searching for business funds. 

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