CAN's news and press keeps you current with what is happening within our company, our subsidiaries, and across the small business community.
CAN believes that communicating small business news is an important service to provide. It creates a simple means to know more about how our subsidiaries operate, and is another way for business owners to stay connected to the issues that matter most.
For Press Release contact information or other media inquiries, contact us.
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ACCEL INVESTS $30M IN CAPITAL ACCESS NETWORK TO CAPITALIZE ON NEXT-GENERATION FINANCE OPPORTUNITY FOR SMALL BUSINESSES
Accel Partners announced today it has invested $30m in next-generation small business finance provider, Capital Access Network ("CAN").
February 2012 l Read More
Capital Access Network Reports Continued Improvement for Restaurant Sector
Scarsdale, N.Y., January 25, 2012 - Capital Access Network, Inc.'s (CAN) Data Services Division’s Small Business Credit Sales (SBCS) Report reveals a continuing lift in year-over-year (YoY) card sales in the restaurant sector as Main Street eateries reported an impressive 1.8 percent increase over recorded Q4 2010 card sales.
January 2012 l Read More
CAPITAL ACCESS NETWORK REPORTS “MAIN STREET” 2011 BLACK FRIDAY CARD SALES GAINS
Capital Access Network’s (CAN) Data Services Division released figures today showing a 5.8% increase in same store credit and debit card sales at Main Street merchandise retailers and restaurants this Black Friday period* compared to 2010 Black Friday sales.
December 2011 l Read More
Capital Access Network, Inc. Unveils “Different Look” and “Pre-Look” Programs to Help Banks Deliver Capital to Small and Mid-Size Business Market
Capital Access Network, Inc. (CAN) today announced from the Risk Management Association and American Banker Small Business Banking Conference two unique capital delivery services designed to help banks provide more money to the small and mid-sized business (SMB) market.
November 2011 l Read More
Capital Access Network Reports Another Decrease in Main Street YoY Card Sales
Capital Access Network, Inc.'s (CAN) Data Services Division’s Small Business Credit Sales (SBCS) Report indicates that Main Street businesses showed a 2.9% decline in Q3 2011 card sales compared to Q3 2010 levels.
October 2011 l Read More
Capital Access Network, Inc. Ranks 58th in the 2011 InformationWeek 500
Capital Access Network, Inc. (CAN), today announced it ranked 58th on the 2011 InformationWeek 500, a list of the top technology innovators in the U.S.
September 2011 l Read More
Women-Owned Small Businesses Faring Better Than Men-Owned Small Businesses, According to Capital Access Network Small Business Report
Capital Access Network, Inc.’s (CAN) Data Services Division Small Business Credit Sales Report indicates the nation’s women-owned small businesses are experiencing less of a decline during this recession than men-owned small businesses.
July 2011 l Read More
Capital Access Network Report Highlights Need For Finance Creativity
Many small and mid-sized businesses (SMBs) still look to their banks first for working capital, according to Capital Access Network, Inc.'s (CAN) Spring 2011 edition of the Small Business Barometer. However, only 34 percent have actually obtained a collateral based-bank loan. More than one out of ten SMBs seek out more innovative options than bank loans, including Merchant Cash Advances, non-traditional loan providers, peer to peer lending and factors.
May 2011 l Read More
President and CEO of Capital Access Network Appointed to the Green Sheet Advisory Board
Capital Access Network, Inc. (CAN), announces today the appointment of President and CEO Glenn Goldman to the Advisory Board for The Green Sheet. Created in 2001, The Green Sheet Advisory Board is comprised of industry leaders from across the country.
May 2011 l Read More
Capital Access Network Report Uncovers Bank Risk
Small and mid-sized business (SMB ) owners reveal an overwhelming desire for banks to offer options when a loan application is denied. The Spring 2011 edition of the Capital Access Network (CAN) Small Business Barometer reveals that 78 percent of SMBs would consider an alternative working capital option if offered by their bank and 71 percent stated that their opinion of the bank would improve as a result.
May 2011 l Read More
Restaurant Credit Card Sales Increase While Total Main Street Card Sales Decline
Capital Access Network, Inc.’s (CAN) Data Services Division reports that the nation’s “Main Street” brick and mortar retailers, service providers and restaurants experienced a 3.09% decline in same store credit and signature debit card sales in Q1 2011 as compared to Q1 2010.
April 2011 l Read More
Capital Access Network Awarded Prestigious Monarch Innovation Award by Barlow Research Associates
Capital Access Network, Inc. (CAN), today announced it is the recipient of the coveted 2011 Monarch Innovation Award. CAN's Daily Remittance Platform™ (DRP) received the highest honor, the "Overall Most Innovative" product of the year, from a panel of independent judges.
April 2011 l Read More
Capital Access Network, Inc. Expands Daily Remittance Platform™ Reach
Capital Access Network, Inc. (CAN), announced the signing of a Letter of Intent (LOI) with Manuel E. Tavares, Victor Jose Pacheco and Juan E. Tavares for use of its flagship product, the Daily Remittance Platform™ (DRP).
March 2011 l Read More
Capital Access Network, Inc. Launches International Engagement of Proprietary Daily Remittance Platform™
Capital Access Network, Inc. (CAN) today announced the launch of the an international Technology Services Agreement with AvanzaMe Dominicana, Ltd., a group of investors located in the Dominican Republic.
March 2011 l Read More
CAPITAL ACCESS NETWORK DEBUTS DAILY REMITTANCE PLATFORM™ AT FinovateEurope
CAN, a leading provider of data, systems and technology for the SMB market, introduced the concept of “daily remittance” finance through a demo of the DRP SPARQ Underwriting Module at FinovateFall 2010. The FinovateEurope demo highlights DRP’s post-underwriting workflow and amortization modules.
February 2011 l Read More
OVERALL CARD SALES DECLINE in Q4 2010 FOR MAIN STREET BUSINESSES
“Main Street” brick and mortar retailers, service providers and restaurants recorded their 13th consecutive quarter of Year-over-Year (YoY) credit and signature debit card sales decline in Q4 2010.
January 2011 l Read More
"MAIN STREET” BLACK FRIDAY SALES UP, CREDIT CARD USAGE DOWN
Approximately 40% of “Main Street” merchants reported an overall increase in sales during the 2010 Black Friday period as compared to 2009, according to a survey of small, brick and mortar retail businesses conducted by CAN.
December 2010 l Read More
Capital Access Network and CEO Glenn Goldman Honored in Seventh Annual International Business Awards
Capital Access Network, Inc. (CAN), and its President and Chief Executive Officer, Glenn Goldman earned Distinguished Honoree medals, respectively, in the Single-Market Company of the Year - North America and Executive of the Year - North America categories in The 2010 International Business Awards.
November 2010 l Read More
Card Sales Declines Continue to Improve for Main Street Businesses
The Q3 2010 SBCS Report shows that "Main Street" brick and mortars businesses demonstrated the fourth consecutive quarter of moderation in year-over-year (YoY) card sales declines, decreasing from a high of 14.84% in Q3 2009 to this quarter's YoY card sales decline of 5.06%.
November 2010 l Read More
CAPITAL ACCESS NETWORK LAUNCHES FINANCIAL TECHNOLOGIES GROUP
CAN today announced the launch of its Financial Technologies Group and its Daily Remittance PlatformTM (DRP). CAN will launch DRP and FinTech Group at FinovateFall October 4-5, 2010, in New York.
October 2010 l Read More
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Small Business Credit Sales Report
December 2011 - Q3 2011 SBCS Report
Same store credit and signature debit card sales at “Main Street” businesses declined 2.9 percent in Q3 2011 compared to Q3 2010 levels. Read more
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Is an MCA Right for You?
"Merchant Cash Advance: Not for Every Business. Is it Right for Yours?"
August 2009 - This White Paper is the third in a series and the first addressed directly at business owners so they can make more informed decisions regarding working capital options for their businesses Read more
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