Daily News: June 24, 2013

Capital Access Network Recognized With Annual Award

Small Business finance specialist Capital Access Network (CAN) announced it was named one of the top financial services companies of the year at the 11th Annual American Business Awards.

The company received a Stevie Award for its pioneering technology, cash-flow friendly products and profitable business model that have enabled hundreds of thousands of small businesses to get access to the working capital they need to operate and grow.

Since 1998, CAN has helped small businesses obtain access to more than $3 billion in working capital. The company specializes in helping small businesses in need of $150,000 or less. Banks have been hampered in funding these requests due to outdated risk evaluation tools and the additional pressures brought on by the economic recession.

Earlier this year, CAN expanded its credit line to nearly $500 million and attracted several banking industry veterans to its leadership team.