NEW YORK, Aug. 16, 2016 /PRNewswire/ -- CAN Capital, Inc., the market share leader in alternative small business finance, and Entrepreneur Media, Inc., publisher of Entrepreneur magazine and Entrepreneur.com, today announced the official launch of an exclusive funding center that will allow small businesses access to a range of flexible funding products designed to help businesses grow.
Entrepreneur Lending, Powered by CAN Capital (https://lending.entrepreneur.com) will serve small businesses looking for quick, hassle-free financing options that can be used to make renovations, make inventory and equipment purchases, expand marketing and advertising efforts, hire new employees, or meet other business needs. Small business owners can apply online or over the phone with pre-qualification decisions in 10 minutes or less and funds sent in as little as 2 business days following complete application and approval.
"As the premier resource for and about the small-business community, Entrepreneur Media is deeply attuned to its needs," said Ryan Shea, CEO of Entrepreneur Media. "We know that acquiring capital is a critical obstacle for many small business owners, which is why we have proudly teamed up with fellow business supporter CAN Capital to launch Entrepreneur Lending. Our new easy-to-use online platform will allow small businesses to acquire funds and help them move forward on their journeys to success."
Through the Entrepreneur Lending portal, CAN Capital will provide small businesses access to the following funding solutions:
- Term Loans are available from $2,500 up to $150,000 for a single location and up to $250,000 for multi-location businesses. These loans have a range of terms from 3 to 36 months.
- TrakLoans are a "cash-flow friendly" way for small businesses to access working capital. Payments are flexible and track with daily business payment card revenue. Loans are available from $2,500 up to $150,000 for a single location and up to $250,000 for multi-location businesses.
- Installment Loans provide funding from $50,000 to $100,000 with 2, 3, and 4 year terms and have fixed monthly payments.
"CAN Capital has been in the business of helping small businesses grow and succeed for over 18 years, so partnering with the premiere small business content company, Entrepreneur Media, is a natural fit," said Daniel DeMeo, CEO of CAN Capital. "The Entrepreneur Lending portal is an innovative way for small businesses to have fast access to multiple financing options that can help them take advantage of the tools and advice that Entrepreneur is known for providing. We're excited to work together to help small business owners achieve their dreams."
About CAN Capital
CAN Capital, Inc., established in 1998, is the pioneer and market share leader in alternative small business finance, having provided access to over $6.0 billion in capital for over 70,000 small businesses 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 CAN Capital's subsidiaries: Merchant Cash Advances by CAN Capital Merchant Services, Inc., and business loans by CAN Capital Asset Servicing, Inc.
ABOUT ENTREPRENEUR MEDIA INC.
For nearly 40 years, Entrepreneur Media has been serving the entrepreneurial community providing comprehensive coverage of business and personal success through dynamic content and events. Entrepreneur magazine, Entrepreneur.com, and publishing imprint Entrepreneur Press provide solutions, information, inspiration and education read by millions of entrepreneurs and small business owners worldwide.
To learn more, visit entrepreneur.com.
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SOURCE CAN Capital, Inc.