How they describe themselves: Capital Access Network (CAN) is the largest and most experienced small business finance specialist for small businesses. CAN’s technology-based Daily Remittance Platform™ and proprietary risk models enable it to quickly evaluate businesses based upon their actual, recent performance, resulting in increased access to capital. Through its subsidiaries, NewLogic Business Loans and AdvanceMe, CAN has given small businesses access to more than $3B in working capital over the past 15 years. (All business loans obtained through NewLogic are made by WebBank, a Utah-chartered Industrial Bank, Member FDIC.)
How they describe their product/innovation: Mobile Funder is a tablet-based tool enabling time-starved, “on the move” financial sales/ISO representatives selling alternative capital to small businesses with the ability to complete their sales process in one visit. Mobile Funder empowers reps to securely pre-qualify prospects, authorize credit checks, propose multiple finance options and submit applications in minutes, eliminating paper applications and the need for multiple visits. The result: This all-in-one tool gives small business finance reps the power to close more deals and deliver capital faster.