CAN Capital announce that after experiencing 23 percent year-over-year growth, the company is expanding its operations to a new direct sales office in Mount Laurel, NJ. Recruitment for this office is underway, and it will be fully operational in the coming months.
This growth comes after the 21-year-old company recently announced it has provided over $7.5 billion in access to working capital to its more than 80,000 small business customers. The Mount Laurel direct sales office will allow CAN Capital to continue serve its growing small business customer base.
The new location will be spearheaded by Stephen Green, Vice President of Direct Channel. Green is the former Vice President of Vendor Finance at Marlin Business Services and will bring his more than 16 years of experience in sales and account management to the helm of this new office.
“Our team's hard work, combined with the small business owners who rely on us for working capital, have driven earnings growth,” said CAN Capital CEO Ed Siciliano. “We are proud to show our confidence in CAN's business model by investing back into the business. Our next step is to leverage this momentum to accelerate growth in 2020.”
Siciliano added, “We are excited to have Steve join the CAN team. He is perfectly suited to build out this new channel and has a proven track record of success.”
The new office will be CAN Capital's third location. Its current locations include offices in Kennesaw, GA and San José, Costa Rica.