CAN Capital named Chris Moloney chief marketing officer. Moloney previously spent four years as chief marketing officer for Wells Fargo Advisors.
Alternative small business finance company CAN Capital secured a $650 million credit facility from a group of lenders led by Wells Fargo Capital Finance.
CAN Capital announced it has provided small businesses with access to $4 billion of working capital during the past 16 years. During that time, over $55,000 small businesses have been funded.
CAN Capital announced $33 million in funding led by Meritech Capital Partners with increased participation and ownership from existing investor Accel Partners.
Capital Access Network said it changed its name to CAN Capital, effective immediately. Other brands — including AdvanceMe, NewLogic Business Loans and CapTap — are now also consolidated under a single online portal.