CAN Capital is the largest source of alternative funding for small businesses in the United States. Since 1998, the company has provided almost $4 billion in capital to small business, assisting roughly 125,000 small and medium-sized businesses throughout North America.

CAN Capital does not require a good credit score in order to obtain (1) a small business loan or (2) a merchant cash advance (the two main financing options that CAN Capital offers).

Rank Chart
Interest Rates
Revenue Requirement
Review

#1

1.5-12%
$50k/year

#2

15-35%
$54k/year

#3

5.99-36%
$100k/year

Borrower Profile

While credit score is an important requirement when making a loan, CAN Capital does not require high scores to be approved. The lowest credit score we have seen is just above 550 with the average being 652. This makes CAN Capital an attractive source for loans to a small or emerging business. Entrepreneurs come from a variety of industry backgrounds. Often, those who borrow once from CAN Capital come back and borrow more (70% of customers renew).

Best Uses

Business loans from CAN Capital are often used for inventory, equipment upgrades, business renovations and every day expenses.

Minimum Qualifications

  1. In business for 4+ months
  2. Making at least $2,500 per month
  3. 550+ credit score

The Good

CAN Capital is a great funding option for new and small businesses. CAN Capital will loan anywhere from $2.5k to $150k. The average amount loaned to small businesses is around $46k. The company offers loan terms anywhere from 4 to 24 months, while the average life of a small business loan sits around 13 months. Additionally, the average interest rate of one of these loans is 27.3%. Other benefits include:

Positive CAN Capital Reviews

Every CAN Capital reviews we have on our site is positive. Entrepreneurs say that CAN Capital employees are great to work with. The company usually provides quick funding and always makes the funding process smooth and easy.

Transparent Information

The main reason CAN Capital has the no.1 spot for business loans is because they have low requirements that are displayed online. They even have a calculator to estimate costs. Other lenders will only tell you their cost and requirements after you apply. With transparent information from CAN Capital, you can decide right away if this is a good loan for you and your business.

Low Credit Score Requirements

On their website, CAN Capital promises multiple times that applicants will not be judged based on their credit score alone (unlike the banks’ process). You also won’t find many lenders that will give capital to businesses that are only 4 months old. This is why CAN Capital is a good option for new businesses with low credit (550 or above), little credit history, high revenue. When CAN Capital does a credit pull for a loan, they only perform a soft pull.

No Added Fees

CAN Capital does not tack on fees. Although they do not display this information on their website, a representative of CAN Capital promised that the price you see is the price you get. There are never any prepayment penalties or closing fees.

Pre-Payment Discount

Actually, CAN Capital rewards companies that payback their loans early with a 6% prepayment discount on the FULL outstanding balance after 90 days (if the account is in good standing). When you apply for a loan with CAN Capital, this information is in their Business Loan Agreement.

Fast Funding

Loans from CAN Capital are ideal for businesses that need fast access to small amounts of cash (2 days to funding). Most banks won’t even look at loans under $50,000, and many alternative lenders only provide minimum loans of $5,000. With CAN Capital, you can get a $2,500 loan. To qualify for higher loans, you must be making more than the minimum requirement each month.
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The Bad

Even though CAN Capital provides access to financing that some companies would otherwise not have, there are some holes in their service. These items should be considered prior to obtaining a loan:

Interest Rates

The majority of people think that the most important aspect of a business loan is the interest rate, and we tend to agree with them. When you take out a loan with CAN Capital, you will pay about $0.35 in interest for every $1 you take out. These calculations are based on CAN Capital’s own calculator – taking out a $100k loan for 12 months.

However, these rates go down with your term length. For example, if you only need to borrow cash for 4 months, CAN Capital charges around $0.15 per $1 borrowed.

Small Loans

While your business only needs to generate $4,500 in monthly revenue to apply, this monthly revenue will only qualify you for a $2,500 loan.

The highest amount CAN Capital will lend is $150,000 – slightly lower than the average. But if you want to access this much cash, your business needs to generate around $1 million in monthly sales. As far as we can tell, no other lender has such high revenue requirements.

Missing Information

CAN Capital has no prepayment penalties and no closing costs. Even though these are great features, they do not display this information on their website.

The Bottom Line

A business loan from CAN Capital is one of the best options out there. Businesses should remember that while their interest rates may be as low as 15%, they could reach 35%.

CAN Capital is an industry leader in terms of providing a top-notch service for small businesses based upon the following criteria. They provide fast access to cash, have no hidden fees, and show actual loan requirements. We definitely recommend using CAN Capital for your business loan needs.

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Frequently Asked Questions

How long will it take to receive funds from CAN Capital?

CAN Capital can provide funding in approximately 2 days.

Does CAN Capital require collateral with its loans?

CAN Capital does not require any collateral as long as meet all the necessary requirements. Collateral might be required for those who have sub par credit scores or income.

Does CAN Capital have prepayment penalties?

CAN Capital does not have any prepayment penalties.

Does CAN Capital charge origination fees?

CAN Capital does charge a 2% origination fee during the loan process.

Does CAN Capital charge closing fees?

CAN Capital does not charge a closing fee when finishing out the loan process.

How can I contact CAN Capital?

You can contact CAN Capital by calling or by visiting CAN Capital’s site directly and filling out the loan application.

More Information

Types of Loans Offered

Find Out Which Type You Need

Rates Offered

15% to 35%
Find Out What You Qualify For

Term Lengths

Borrow for 4-24 months

The Borrowing Process

If you meet these two qualifications and are interested in a loan from CAN Capital, you can prequalify for a business loan in 10 minutes with this simple information. Once you fill this out, you will need to enter in more information, verify your identity, confirm the terms of the loan, and e-sign a loan agreement. Your chances of receiving funding with an alternative lender like CAN Capital are much higher than receiving funding from a bank. In the last year, the average alternative funder has approved between 62.7 – 61% of applicants.

Before applying for a business loan from CAN Capital, make sure you meet the minimum requirements:

  • 4 months in business
  • $4,500 in monthly revenue

If you meet these two qualifications and are interested in a loan from CAN Capital, you can prequalify for a business loan in 10 minutes with simple information.

Once you fill this out, you will need to enter in more information, verify your identity, confirm the terms of the loan, and e-sign a loan agreement.

Your chances of getting funding with an alternative lender like CAN Capital are much higher than receiving funding from a bank. In the last year, the average alternative funder has approved between 62.7 – 61% of applicants.
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1-(855) 598-4091
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11 CAN Capital Reviews

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  1. User Score

    8

    November 1st, 2016 Plainfield, IL

    Everything went smooth, just a minor misunderstanding on when the loan would be funded. But everyone was great to work with, helpful and responsive.

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  2. User Score

    10

    October 19th, 2016 Colorado Springs, CO

    I really like the idea of a daily payment instead of having to worry all month about making one large payment. I think I am going to start applying this to a lot of my expenses. It is much easier to swallow in little bits.

    Thank you, Jennifer May, for your outstanding Customer Service

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  3. User Score

    10

    October 12th, 2016 Munising, MI

    Cliff was very helpful and professional. I really appreciate his extra effort and commitment.

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  4. User Score

    10

    October 4th, 2016 Colorado Springs, CO

    This was the easiest! I love the small daily payments!

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  5. User Score

    9

    October 26th, 2015 Las Vegas, NV

    The process was quick and easy. The funds were in our account in 24 hours.

    Great people to work with.

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    3

  6. User Score

    10

    October 6th, 2015 GA

    I have been with Can Capital for about 3 years and it has been a great experience for my company.

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    4

  7. User Score

    10

    October 6th, 2015 Pico Rivera, CA

    I have been a customer of CAN Capital for about three years now and the transactions were always straightforward, making it very smooth and very easy for me to go through the process. I am looking forward to a long business partnership with CAN Capital.

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  8. User Score

    9

    September 14th, 2015 Chattanooga, TN

    CAN Capital employees was very kind and pleasant to work with. This was my first time using a company like CAN instead of going through a bank. My only complaint would be being told funding usually takes a day and from the time I was told it was approved it took 5 additional days for funding to be transferred and 1 more day to post. This put me in a tight spot that I could have avoided if I would have know the process would take 6 days.
    I would definitely use CAN Capital again in the future just remembering to give the process a little more time.

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    9

  9. User Score

    10

    September 10th, 2015 Cleveland, GA

    CAN Capital was great to work with. We had lots of offers from other companies but CAN was quite a bit lower with their fees. Since we are in a very capital intensive business we always need funding for various needs and we hope to have a very long lasting relationship with CAN

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    8

  10. User Score

    10

    June 19th, 2015 New York, NY

    I have been a customer of CAN Capital’s for over 10 years. Through good times and bad, they have always been there for me, including in 2008 when the bank pulled my line of credit. CAN Capital was there to help us get through that time and has since assisted us through expansion to a second location.

    Great people, highly recommended, they are really good to their loyal customers!

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  11. User Score

    10

    June 18th, 2015 Smyrna, GA

    CAN Capital is a great company.Helped me and my business in a time of need. Very easy to work with and made the process as painless as possible. Would use them again if necessary.

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    12