Alternative small business finance platform CAN Capital today has announced a new partnership with Entrepreneur Media, an US media company – publisher of Entrepreneur magazine and Entrepreneur.com. According to the agreement, the two companies will launch a portal called “Entrepreneur Lending”, which will provide small business owners with access to a wide array of funding products. Specific details about this project have not yet been disclosed.
Founded in 1999, the direct lender CAN Capital has been helping small and medium-sized businesses access capital through business loans made by WebBank, a Utah chartered Industrial Bank. To date, the company claims to have contributed to the growth of over 170,000 small businesses in a variety of industries, such as restaurants and healthcare. At the end of April, CAN Capital reached the milestone of having provided small businesses with access to more than $6 billion of working capital.
Daniel DeMeo, CEO of CAN Capital, commented on the new partnership:
"CAN Capital is the original trailblazer in small business finance. We have more than 18 years of experience and have provided small businesses with access to more than $6 billion in working capital. As we get ready to celebrate National Small Business Week, we are excited to work with Entrepreneur Media to continue delivering on our vision of helping small businesses grow and achieve their goals through fast access to funding.”
Entrepreneur Media serves the worldwide entrepreneurial community by providing coverage of business and personal success stories through articles and events. The company is the creator of Entrepreneur magazine, Entrepreneur.com and publishing imprint Entrepreneur Press that provides information and education to entrepreneurs and small business owners worldwide.
Ryan Shea, CEO of Entrepreneur Media, added:
“We’ve often asked our customers what services are most important to them and lending is always near the top of the list. We know that navigating small business financing options can be a particularly difficult and time-consuming task, therefore, we’re thrilled to partner with CAN Capital to create Entrepreneur Lending. The partnership brings together two best-in-class companies dedicated to helping small businesses succeed and grow.”