Full Loan Amount
Funded by Backers
Funded by Able
Capital Factory is Austin’s center of gravity for entrepreneurs. With the additional funding received through Able and their Backers, they were able to significantly expand their facilities to accommodate their growing community.
Backers in this loan contributed $87,500 and each will earn 9.25% over 4 years
Some of Capital Factory’s biggest supporters were excited about the opportunity to financially help Austin’s leading accelerator expand its co-working space. Backers in Capital Factory’s two Able loans included mentors, tech entrepreneurs, and social media gurus. Backers are earning monthly interest payments as Capital Factory repays its loan, and will begin earning principal and interest payments as the loan’s term progresses.
We needed a quick financing solution to help expand our facilities, and because we’ve seen firsthand how powerful the entrepreneurial community can be, we looked to the powerful network effect of Able as a solution to our funding needs.