It was CAN Capital’s ambitious growth plans that led the alternative SME lender to eventually falter, according to a new report from The Wall Street Journal. The publication said Monday (Jan. 16) that CAN Capital’s recent struggles can be attributed to its growth push initiated...
CAN Capital, the small business online lender, has put its CEO on leave. According to a report by American Banker, CEO Daniel DeMeo has been put on a leave of absence, and Parris Sanz, CAN’s chief legal officer, is the interim CEO. Ritesh Gupta, previously the chief...
The latest CAN Capital Small Business Health Index was released this week, offering insight into where SMEs of the U.S. are at in terms of their vision for the future. According to the data, small businesses are looking towards a bright year, with 64 percent...
While the stock market has yo-yoed since the end of May 2015, reaching nearly its all-time high before dropping almost 9 percent in three months – all things considered, the economy is doing pretty well. The latest Store Front Business Index™ reveals that the businesses...
June 14, 2016
While the stock market has yo-yoed since the end of May 2015, reaching nearly its all-time high before dropping almost 9 percent in three months – all things considered, the economy is doing pretty well. The latest Store Front Business Index™ reveals that the businesses that form the backbone of the American economy – like your local laundromat, pharmacy and even your favorite take-out spot, are growing faster than the GDP. The Index takes a closer look at the health of the (typically small) businesses that populate Main Street USA.
January 17, 2017
It was CAN Capital’s ambitious growth plans that led the alternative SME lender to eventually falter, according to a new report from The Wall Street Journal. The publication said Monday (Jan. 16) that CAN Capital’s recent struggles can be attributed to its growth push initiated about five years ago. The company was forced to stop […]
December 01, 2016
CAN Capital, the small business online lender, has put its CEO on leave. According to a report by American Banker, CEO Daniel DeMeo has been put on a leave of absence, and...
May 06, 2016
Alternative small business lenders seem to be preparing for a regulatory storm – or, at least, for increased communication with policymakers. Another SME financing advocacy group has been formed, this...
April 08, 2016
One of the leading alternative providers of capital to small businesses, CAN Capital, announced on Thursday (April 7) that it has provided access to more than $6 billion of working...
