News And Press

New York (June 13, 2013) – Capital Access Network, Inc. (CAN), the largest and most-experienced small business finance specialist, has moved its current Costa Rica operations center into the most environmentally-friendly building in the city of Lindora.

New York, NY – Jun 4, 2013 Capital Access Network, Inc. (CAN), the largest and most-experienced small business finance specialist, has named James Mendelsohn its new Chief Marketing Officer to lead the company's marketing and branding efforts as it prepares for its next phase of growth.

New York, NY – May 29, 2013 – Capital Access Network, Inc. (CAN), the largest and most-experienced small business finance specialist, was named a Finalist in the Company of the Year - Financial Services category in The 2013 American Business Awards, and will ultimately be a Gold, Silver, or Bronze Stevie® Award winner in the program.

New York (May 21, 2013) – Capital One Co-Founder Nigel Morris was named Vice Chairman of Capital Access Network, Inc. (CAN), the largest and most-experienced small business finance specialist.  Additionally, Daniel DeMeo was promoted to Chief Executive Officer after serving as the company’s Chief Financial Officer since 2010.

New York (May 21, 2013) – Capital Access Network, Inc. (CAN), the largest and most-experienced small business finance specialist, has added $165 million to its line of credit from a syndicate of premier financial institutions, now including Capital One, Amalgamated Bank, Regions Bank, Capital Source and AloStar.

New York (March 12, 2013) – Helping Main Street entrepreneurs realize their dreams, Capital Access Network, Inc. (CAN), a next-generation small business finance provider, has provided access to more than $3 billion in working capital for small businesses ranging from online businesses to local veterinarians.

NEW YORK – February 13, 2013 – Main Street florists, jewelers, and candy shops should feel the love this Valentine's Day, according to an analysis of credit card sales trends and other seasonal data conducted by CapTap, an online lending engine that connects America’s small businesses quickly to the loans they need to grow and thrive.

NEW YORK – February 4, 2013 – Capital Access Network (CAN), a next-generation small business finance provider, has launched its new online lending engine CapTap to connect America’s small businesses quickly to the loans they need to grow and thrive.

NEW YORK (Dec. 10, 2012) -- Capital Access Network, Inc. (CAN), a next-generation small business finance provider, has announced the creation of a digital team as part of its commitment to technology innovation and connecting small businesses to the working capital they need to grow.

NEW YORK (Dec. 10, 2012) -- Capital Access Network Inc. (CAN), a next-generation small business finance provider, today released figures showing a 3.9 percent increase in same store credit and debit card sales at “Main Street” merchandise retailers and restaurants this Black Friday period* compared to 2011 Black Friday sales.

NEW YORK (November 27, 2012) – Capital Access Network, Inc. (CAN), a next-generation small business finance provider, has named an advisory board to guide the launch and growth of its latest offering to small businesses, CapTap.

New York (November 19, 2012) –  There has been a stall in Q3 2012 year-over-year (YoY) small business card sales growth  compared to the past four quarters, according to the Capital Access Network’s (CAN) recent Small Business Credit Sales Report (SBCS Report) released today.

New York (November 8, 2012) – Capital Access Network, Inc. (CAN), a next-generation small business finance company, has moved its corporate headquarters to New York City’s Silicon Alley as it continues to accelerate its commitment to technology innovation and providing small businesses with access to the working capital they need to grow.

New York (October 23, 2012) – Capital Access Network’s CEO Glenn Goldman is scheduled to speak at the Money2020 Expo in Las Vegas on Oct. 23 as part of a panel focused on innovative and emerging financial services for small businesses.

New York (September 27, 2012) – Capital Access Network, Inc. (CAN), a next-generation small business finance provider, today announced that it has closed a new financing arrangement that can fill a financial void experienced by millions of small businesses.

New York (Sept 18, 2012) – Today, Capital Access Network, Inc. (CAN) announces the increased availability of small business loans through its subsidiary, NewLogic Business Loans, Inc. (NewLogic).

The Q2 2012 Small Business Credit Sales Report (SBCS Report), released today, has revealed the most positive year-over-year (YoY) results since Q3 2007.

Challenging the status quo of small business funding, Capital Access Network, Inc.  (CAN)  announces an enhanced process that qualifies small businesses simultaneously for two different funding products.

CAN announced today that its Senior Vice President of Marketing, Diane Naczi, will lead a seminar entitled “Get Your Customers the Money they Need to Buy Your  Product – Now” during The Bar & Restaurant show, June 26-27 in New York City.

Here's a new take on an old idea: in-house financing for businesses that want to help clients with less than stellar credit scores. ExtendCredit.com Inc. created an online lending platform that enables businesses to create and manage in-house financing plans.

Capital Access Network, Inc. announced today that the American Association of Inside Sales Professionals recognized Nathan Warshaw, Senior Vice President at CAN, as a Top 25 Most Influential Inside Sales Professional and the recipient of the Innovators Award during its awards banquet.

Capital Access Network, Inc.’s (CAN) Data Services Division today released its Q1 2012 Small Business Credit Sales Report (SBCS Report).

Capital Access Network, Inc. (CAN) will be showcasing the company’s online momentum over the past year at this year’s Electronic Transaction Association (ETA) annual meeting in Las Vegas.

Capital Access Network, Inc. today announced its sponsorship and participation at two upcoming online retail industry conferences.

In honor of National Mom and Pop Business Day on Thursday, Capital Access Network, Inc. (CAN) reiterates its dedication to educating small businesses on alternative ways to obtain working capital.

Accel Partners announced today it has invested $30m in next-generation small business finance provider, Capital Access Network ("CAN").

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.

Survey showing that when credit restrictions are tightened, small businesses look to alternatives to business loans.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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).

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.

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.

“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.

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.

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.

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%.

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.

The Q2 2010 SBCS Report shows that "Main Street" brick and mortar retailers and restaurants experienced the 11th consecutive quarter of year-over-year credit and signature debit card sales declines, continuing a trend that began for restaurants in Q3 2008 and for retailers in Q2 2007.

CAN and its CEO Glenn Goldman were named finalists, respectively, in the Best Overall Company of the Year and Executive of the Year for the Financial Services category in The 2010 American Business Awards.

Main Street brick and mortar retailers and restaurants started off 2010 with year-over-year same store card sales declines, continuing a downward sales trend that began for restaurants in Q3 2008 and for retailers in Q2 2007

Capital Access Network, Inc. (CAN) today announced an International Strategic Aliance Program to help ISOs, processors, banks, merchant acquirers, factors and similar businesses expand their offerigs abroad.

Capital Access Network, Inc. (CAN) today announced that it has closed new financing arrangements. CAN secured $187.5 million in available borrowing capacity from all of the participants in its existing lending group.

Main Street brick and mortar retailers and restaurants experiencied year-over-year card sales declines again in Q4 2009, continuing a downward sales trend that began for restaurants in Q3 2008 and for retailers in Q2 2007.