NEW YORK, May 5 /PRNewswire/ -- Capital Access Network, Inc.'s (CAN) Data Services Division released its Q1 2010 Small Business Credit Sales Report (SBCS Report).  The report shows that Main Street brick and mortar retailers and restaurants started off 2010 with year-over-year same store card sales declines, continuing a downward sales trend that began for restaurants in Q3 2008 and for retailers in Q2 2007.  However, the report shows that both the restaurant and retail sectors slowed the rate of year-over-year card sales decline in Q1 2010, with decreases in card sales of 6.31% and 11.67%, respectively, from Q1 2009 levels.  This represents the second quarter that year-over-year credit sales declines have slowed.

"The data indicates a slowing in year-over-year card sales declines for the past two quarters.  These figures are consistent with recent Federal Reserve Statistical Releases showing U.S. consumer revolving credit levels contracting," said Glenn Goldman, CAN's President and CEO.  

*Metropolitan and Micropolitan Statistical Areas as defined by the Office of Management and Budget based on U.S. Census Bureau data.

The Small Business Credit Sales (SBCS) Report is a quarterly report highlighting credit and debit card sales trends within small to mid-sized businesses nationwide. Sponsored by the Data Services Division of Capital Access Network, Inc. (CAN), aNew York-based financial technology company, the SBCS Report features analysis of credit and debit card sales trends based on same store card sales data housed in CAN's data warehouses, which retain 12 years of data and include more than 50,000 businesses. Most same store sales retail reports focus on or include data from big-box retail and nationwide/regional department stores, either ignoring or obscuring the trends of the majority of small and mid-sized businesses. The SBCS Report was designed to assist business owners, the processing industry, associations, analysts and media interested in tracking and benchmarking credit and debit card sales trends among small and mid-sized businesses. CAN's Data Services Division was formed to provide predictive analytics, scoring, outsourcing services and other risk management tools to help quantify, control or reduce the exposure of those providing capital or credit to small and mid-sized businesses and to improve the marketing efficiencies of those who target such businesses. Data published may include:

To receive the quarterly reports automatically via email, interested parties can sign up atwww.CapitalAccessNetwork.com/Resources, or simply send an email to dnaczi@capitalaccessnetwork.com.

Capital Access Network, Inc. (CAN) serves the small business market through its wholly owned subsidiaries, including AdvanceMe, Inc., the leader in Merchant Cash Advances. CAN leverages leading edge data, systems and technology, married to a unique and highly effective collection methodology, to deliver innovative financial products and services geared to the small and mid-sized business markets. Founded in 1998 and headquartered in New York, CAN and its subsidiaries currently employ 300 people in four locations in New York, Georgia, Massachusetts and Costa Rica. CAN's Data Services Division was formed to provide predictive analytics, scoring and other risk management tools to help quantify, control or reduce the exposure of those providing capital or credit to small and mid-sized businesses and to improve the marketing efficiencies of those who target such businesses. CAN's Data Services Division draws upon the data gathered by CAN's subsidiaries through 12 years of collecting and analyzing the sales trends and firmographics of tens of thousands of businesses to which they have provided capital or purchased future credit card receivables. Learn more at www.CapitalAccessNetwork.com.

SOURCE Capital Access Network, Inc.