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  1. #1

    CAN CAPITAL passes 4 Billion Funded Milestone

    CAN CAPITAL passes 4 Billion Funded Milestone last week and has a goal to fund 1 Billion in MCA's and Business Loans for 2014 alone.

    Still the powerhouse that it is...

  2. #2

    CAN CAPITAL passes 4 Billion Funded Milestone

    The #1 funder in the game fellas ! Can cap

  3. #3

    CAN CAPITAL passes 4 Billion Funded Milestone

    That's amazing...anyone know how much they are currently funding a month?

  4. #4
    70 to 80 million a month

  5. #5

    CAN CAPITAL passes 4 Billion Funded Milestone

    That's a pretty good estimate.

  6. #6
    It is an amazing milestone. Last year they reported $800m in funding and approx 550m of that was renewals. The repeat business in this industry is enormous and represents a large percentage of the reported annual fundings for all funders. It's also a indicator of a funders ability to retain merchants with good terms on renewals as well.

  7. #7
    Veteran Reputation points: 120507 Chambo's Avatar
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    Quote Originally Posted by MCAVeteran View Post
    It is an amazing milestone. Last year they reported $800m in funding and approx 550m of that was renewals. The repeat business in this industry is enormous and represents a large percentage of the reported annual fundings for all funders. It's also a indicator of a funders ability to retain merchants with good terms on renewals as well.
    Easy to retain when you steal them for yourself and don't have to pay out a commission

  8. #8
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    I dont understand how agents are willing to take far less of a commission on the renewals when there are tier 1 funders paying out full commission on renewals.

  9. #9
    Senior Member Reputation points: 325 Ryan Shiroky's Avatar
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    Quote Originally Posted by funding pro View Post
    I dont understand how agents are willing to take far less of a commission on the renewals when there are tier 1 funders paying out full commission on renewals.
    as chambo said, thy aren't even paying ppl... im sure they pay some ISOs, but I have heard of reps getting burned big by CAN... it is what it is... besides, the merchant isn't going to move over to another funder when CAN cuts out commissions and says "we'll give you money for dirt cheap over 18 months" and everyone else is like "1.42 over 12 months"

  10. #10
    Senior Member Reputation points: 325 Ryan Shiroky's Avatar
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    they own the space... its like, 65% of the market share... nuts...

  11. #11
    FUND IT! Reputation points: 2147483647 Sean Cash's Avatar
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    CAN was funding deals when some people in this industry were literally still in diapers. Think about that.

  12. #12
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    so true

  13. #13
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    Quote Originally Posted by Chambo View Post
    Easy to retain when you steal them for yourself and don't have to pay out a commission
    so true>>>>>

  14. #14

  15. #15
    Veteran Reputation points: 120507 Chambo's Avatar
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    Based on those numbers, they are funding an average of $72K a deal.....hmmmmm

  16. #16
    Quote Originally Posted by Chambo View Post
    Based on those numbers, they are funding an average of $72K a deal.....hmmmmm
    I was thinking the same thing, but it actually says 55,000 small businesses funded - they could have funded those business multiple times and the average would be less.

    4 billion is a lot. I wonder what their average funded amount is per deal.

  17. #17
    Most funders reported fundings include new and renewals and renewals is anywhere from 50 perc of a lot of funders reported numbers. Merchants typically get longer terms and larger fundings on repeat so the compounded total gets large. They have been funding since 1998 so first to market and a well executed loan product has magnified their volume.

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