CAN Capital Continues Historic Growth with Expansion

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Mar 04, 2020, 07:08 ET

KENNESAW, Ga., March 4, 2020 /PRNewswire/ -- CAN Capital is excited to announce that after experiencing 23% year-over-year growth, the Company is expanding its operations to a new direct sales office in Mount Laurel, New Jersey. Recruitment for this office is underway, and it will be fully operational in the coming months.

This historic growth comes after the 21-year old company recently announced that it has provided over $7.5 billion in access to working capital to its more than 80,000 small business customers. The Mount Laurel direct sales office will allow CAN Capital to continue serve its growing small business customer base.

The new location will be spearheaded by Stephen Green, Vice President of Direct Channel. Green is the former Vice President of Vendor Finance at Marlin Business Services and will bring his more than 16 years of experience in sales and account management to the helm of this new office.

Ed Siciliano, CAN's CEO commented; "Our team's hard work, combined with the small business owners who rely on us for working capital, have driven earnings growth. We are proud to show our confidence in CAN's business model by investing back into the business. Our next step is to leverage this momentum to accelerate growth in 2020." Siciliano added, "We are excited to have Steve join the CAN team. He is perfectly suited to build out this new channel and has a proven track record of success."

The Mount Laurel, New Jersey office will be CAN Capital's third location. Its current locations include offices in Kennesaw, Georgia and San José, Costa Rica.

About CAN Capital

CAN Capital, Inc., established in 1998, is the pioneer in alternative small business finance, having provided access to over $7.5 billion in capital through over 200,000 transactions in a wide range of locations and different business types. As a technology powered financial services provider, CAN Capital uses innovative and proprietary risk models combined with daily performance data to evaluate business performance and facilitate access to capital for entrepreneurs in a fast and efficient way.

CAN Capital, Inc. makes capital available to businesses through business loans made by WebBank, member FDIC, and through Merchant Cash Advances made by CAN Capital's subsidiary, CAN Capital Merchant Services, Inc. ©2020 CAN Capital. All rights reserved

Contact: Carey Kirk, 678-239-3804, [email protected]

SOURCE CAN Capital