Able Lending

Able is a collaborative lender that funds small businesses with the support of a network which makes additional capital, community resources and advice available. The model encourages collaboration, not just on the loan, but throughout the process and within the network. Business owners recruit 3-5 backers - friends, family, customers - to fund 25% of their total loan. Backers can choose their own rate up to Able's, and the result is an up to $500,000 with a blended rate, on average between 8 and 12%.