Able Lending logo — company profile

Able Lending

Founded 2014 1 employees Series B Total: $116.50M Finance, Financial Services +1

General Information

Company Name Able Lending
Founded Year 2014
Employees 1
Industries Finance, Financial Services, Fintech
Funding Stage Series B
Social

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About Able Lending

Able Lending is a finance startup founded in 2014. It prides itself on being the lowest-cost online lender to small businesses in the nation. Able offers a unique loan model that allows borrowers to access more capital at lower rates by leveraging support from friends, family, and fans. This approach has resulted in an average saving of $31,000 on loans ranging between $25,000 and $1,000,000 for Able's borrowers. With a focus on being "more than a loan," this startup not only provides financial assistance but also connects entrepreneurs with additional capital, community resources, and expert advice essential for growth. Able's last noteworthy investment was a $4.00M Series B investment from Peterson Ventures, RPM Ventures, CSC Upshot, and Frontier Venture Capital on 28 February 2017. For more information, business nominations, or to get pre-approved, visit their website at www.ablelending.com.

Taxonomy: online lender, small business financing, low-cost loans, business funding, entrepreneurship, capital support, community resources, expert advice, loan savings, entrepreneurial support, business financing options

Funding Rounds & Investors (6)

View All
Funding Stage Amount Investors Lead Investors Date
Series B $4.00M 4
Peterson Ventures, RPM Ventures +2
28 Feb 2017
Debt Financing $100.00M 1
Community Investment Management
27 Sep 2016
Convertible Note Undisclosed 1
Peterson Ventures
15 Jul 2016
Series A $6.00M 8
Peterson Ventures, Blumberg Capital +6
25 Aug 2015
Series A $5.00M 10
Peterson Ventures, Slow Ventures +8
01 Jul 2013
Venture Round $1.50M 3
E-Merge, Nick Ducoff +1
12 Dec 2011

Able Lending Alternatives & Competitors

Able Lending vs
National Funding
National Funding United States

National Funding serves the small business community. Since 1999, we have provided more than $3 bill...

Debt Financing
172 employees
Finance, Financial Services
Able Lending vs

We help small businesses with cost-effective funding solutions up to $1 million.

13 employees
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Able Lending vs

Super G Capital is a pioneer and market leader in residual loans to the merchant services industry.

7 employees
Finance, Financial Services

FAQ About Able Lending

Able is the lowest-cost online lender to small businesses in the nation. We fund businesses at any stage with a new kind of loan that lets borrowers get more capital at lower rates when they recruit some support from friends, family and fans. On average Able's borrowers save $31,000 on loans betw...
Able Lending was founded in 2014.
Able Lending operates in Finance, Financial Services and Fintech. Its work centres on online lender, small business financing, low-cost loans and business funding.
Able Lending has approximately 1 employees.
Able Lending has completed 6 funding rounds, raising a total of $116.50M. The latest funding stage is Series B.
Top alternatives and competitors to Able Lending include National Funding, American Business Services, Super G Capital, LLC, World Business Lenders, LLC, Nationwide Capital Lenders. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Able Lending and National Funding are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Able Lending, https://bouncewatch.com/company/able-lending, updated 27 December 2024. When citing, please name BounceWatch and link this page.

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