CAN Capital provides short-term loans to small businesses that can’t get financial assistance from other lenders due to their industry, short time in business, or poor credit scores.
We complied reviews from our own website plus user reviews from around the web to determine what CAN Capital customers think about the company. We also go over the fees associated with taking out a loan.
Summary of User Reviews
We scoured hundreds of reviews and found that CAN Capital has a mix of positive and negative ratings. Here’s what we found:
What CAN Capital does well:
Small businesses who gave CAN Capital a positive rating said they liked its rates and high application success. They have lenient requirements and they quickly release the money to you once your application is approved.
What CAN Capital does not do well:
Negative reviewers of the service had several complaints about customer service. Some said their customer service team was unresponsive, while others said they did not explain things well and were vague about the terms of the loan.
Most Helpful Positive User Review
“I have done 3 loans with Can Capital over the last 4 years. I have shopped their rates, and was told by other companies that they could not match or beat the offers Can gave us. We are a small business, and sometimes need extra funds. “Matt” kept in communication with me, and made the paperwork easy, as I do not have a lot of time to deal with it. We will continue to do business with them as needed.”
Most Helpful Negative User Review
“Communication is horrendous. They need some serious work on their customer service. Even if we were looking this direction for funding in the future, we would not use this company based on that alone!”
Other CAN Capital User Reviews From Around the Web
Here are a few other resources for finding helpful CAN Capital customer reviews. We rated the review sites on a scale from poor to excellent based on how trustworthy and useful the reviews seemed.
|*Average rating as of date article was written: Jan. 31, 2017|
How We Determined Quality of User Review Websites
- BBB is a trusted resource for consumer protection. Users can submit complaints to the BBB and ask for the company to be investigated.
- Merchant Maverick gives a lot of information and details about the service on their review. Users of the website are also allowed to comment and share their experiences with the product.
- Trustpilot has tons of reviews on the service, however most reviewers were asked by Can Capital to leave the review. This can positively skew the ratings as a company typically only asks customers who had a positive experience to leave a review.
CAN Capital Pricing & Other Details
The APR, which ranges from 60% – 90% in most cases, is determined by how much you borrow, the repayment term, and your credit profile. For example, if you borrow $4,000 and you decide to pay over the course of 4 months, you need to pay back $4,600. If you decide to borrow the same amount, but want to pay it over the course of 12 months, you will need to pay $5,400.
CAN Capital is a viable option if you can’t get a loan through banks or other financial institutions since they offer loans to new businesses and businesses with bad credit. CAN Capital takes into consideration your gross monthly sales when determining how much you will need to pay back. New businesses can borrow 8-10% of their annual gross revenue.
Compare CAN Capital Competitors
Not sure if CAN Capital is the right fit for you? Check out our buyer’s guide which compares three top merchant cash advance providers.