What is CAN?
The Capital Access Network (CAN) is a state-wide initiative of Governor Beverly Perdue - designed to help qualified small and mid-size businesses secure the necessary financing to maintain and grow their business.
CAN facilitates the process of accessing government loan guarantee programs for both businesses and participating banks – increasing the number of loans made to businesses in North Carolina.
Is CAN for me?
CAN is specifically designed for North Carolina’s small and mid-size businesses with three years of financial records and no recent bankruptcies. For younger firms and those in less stable financial positions, access information and services to help your business.
Participating partners in CAN include: the NC Banking Commission; the NC State Commissioner of Small Business; the NC Bankers Association; community banks and credit unions; the University of North Carolina’s SBTDC; the NC Community College system’s Small Business Centers; and the SBA’s NC SCORE program, and the NC Rural Economic Development Center.
Why CAN?
CAN directly addresses a major barrier to small business job growth – access to capital.
CAN connects banks, technical service providers and businesses like yours across North Carolina to make the process of accessing and closing loans easier. This public-private partnership encourages broader bank participation in government guaranteed lending programs and helps qualified borrowers prepare more effective and successful loan applications.
CAN is a part of Governor Perdue’s small business job creation / retention strategy through the
Jobs Now initiative.
