Doesn't originate or offers small business loans. Only services current merchants.
Can capital are good people. I ve been dealing with them for many years. You are basically selling them your accounts receivables in a credit card advance. Technically, it isn t a loan, it s a purchase transaction. To the dimwit that cried like a little baby about the fees, know what your signing, idiot. Yes, they had some cash flow issues. Guess what, eff-balls, if you re looking to do business with them, so do you. SMH. Some people are too stupid to be in business and Can Capital should come up with a stupid-ass tool that could measure who they front money to. I figured (from reading the 3 or 4 one star reviews below mine) that the word front might register with the knuckleheads. It s not like they could have as easily ran over to Chase Bank for a business loan.) Put down the meth pipe and are a note... an accounting 101 class might be a good place to start. Probably not. Of all the advance companies out there, and there s a buttload of them, Can Capital are good guys. Hey half-wits... if you are paying off your 2004 Dodge with automatic payments, they will take the last payment as a full payment and THEN mail you a refund of the overage. That s pretty common and the they return it n a day or two. Unlike the auto finance company that ails you a check 3 weeks later. BUUUUUUT, CAN CAPITAL, READ THIS...if you become uncompetitive in what you do, I will go elsewhere. I do have some concerns because this business isn t a financial business, as much as they want to think it is. No, this is a sales and marketing business that happens to sell money, and, the joint is now run by a lawyer and a bean counter. A recipe for business disaster. I hope you hear me Can. Because look it up, I ve done what, maybe $700k or $800k worth of deals with you and have always paid you back on time or early. You need to be very, very competitive with me, even the cheapest anywhere, with me. You know my history. How many practically sure things at 15% do you do over the ehhh...I hope we can get paid back deals at 30% do you do to actually make more money at the end of the day? Give your customers with a good history a deal they won t get anywhere else. Or screw me twice and keep fronting money to ass-clowns like the dimwits below. They ll take your money, not put too much of it into business building strategies and in 3 months be writing reviews showing the world their stupidity. While Mr. almost sure thing will be working with your competitor that stole your wife when things went bad for you at the end of 2016.
For many years, I did business with AMI, which was acquired by CAN Capital several years ago. I continued doing business with CAN until November, 2016, when they approved, then at the last minute, failed to renew my funding. The reason I was given is "we're no longer funding businesses of your type." I suspected they were having financial problems which, in fact, turned out to be the case, according to the "Wall Street Journal." Indeed, other merchant lending companies disclosed that my industry is among their biggest customers. So, aside from being intentionally misinformed by the folks at Can Capital, I was highly inconvenienced. CAN Capital loaned me quite a bit of money over the years and made a hefty return on their investment. They lost an excellent, faithful customer when they failed to shoot straight with me. Moreover, they still appear to be on an uneven footing, as I received my latest statement from CAN in the mail today, detailing transactions from February, 2016. I'd look elsewhere if I needed to borrow money. **EDIT 6/7/2017** I contacted CAN Capital Friday, June 3 to verify that a percentage of my receivables would cease being withheld immediately following remittance of the final balance. The customer service agent explained that any overage beyond the balance owed would be transferred back into my account immediately. That makes sense because a set percentage is automatically deducted from my daily receivables. My merchant advance was remitted in full as of Friday, along with a hefty surplus. Not only has that amount NOT yet been returned, the same percentage has been withheld from my past two batches. How convenient that CAN Capital's portal for merchants to monitor account activity has been non-operational for most of 2017 and utterly unavailable for over a month. Couple this with CAN's failure to mail CURRENT, ACCURATE monthly statements and the situation reeks of malfeasance. This is bad business, plain and simple; unprofessional and unacceptable.
Scam. After paying off our full balance with interest in June 2017. Today, withdraw of daily payment was made in error....hopefully it's innocent. Very difficult to get those payments back
sloppy, pathetic- after paying off in full, 6 months ago & never missing a payment, we find out the hard way that they still have a UCC filing against us!
If I could put a negative star I would...... PLEASE RUN from these people. I don't know how our government allows these types of "LOANS" you borrow money and are charged a fixed percentage over 45% and it's all due as of the day they deposit in your account so a 16 month loan for example you wish to pay it off in one month you still owe them the full fee of over 45%. Seems like a loan shark business where it's a vig. This seems to me as it would put a lot of desperate people in a situation that would drown them. Again PLEASE BE CAREFUL when dealing with this company. Adding to that statements are never current and run two to three months behind. From looking at other reviews seems that quite a few are inappropriate, they admit that they work there how ridiculous is that! The other 5 star reviews are not really reviews as they offer no content, probably again employees or friends of Can
I work here. Need a business loan this would be the first place to go.
The loan was easy enough to be approved for, however, having a mini miranda recited to you when you call in was degrading and uncalled for especially since I called them. Also paying off early they still took one too many payments out and are refusing to refund me. Never again and do not recommend.
