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News by FinTech Collective Archive

How a growth push derailed CAN Capital

Sean Lippel

January 19, 2017

https://www.passle.net/Content/Images/passle_logo-186px.png Passle https://passle.net

Sean Lippel

lending

Cautionary tale of CAN Capital, a big online lender to small businesses, that breached its covenants with its largest bank lenders and forced out its top executives.

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An ill-fated growth push has tripped up one of the oldest, most-successful online lenders to small businesses.

http://www.wsj.com/articles/how-a-growth-push-derailed-can-capital-a-big-lender-to-small-businesses-1484587393

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