Traditional Bank Loans
Bank financing is a great option for businesses that can qualify.
- Regulations prevent lending to many businesses
- Strict qualification requirements
- You might be unable to get the full amount needed
Able Small Business Loans
Able allows all businesses to access affordable financing.
- Fund with the help of Backers, lowering your interest rate
- Any business can fund with Able
- The amount of money you need at afforable rates
Your business isn’t profitable yet
Without profitability traditional loans are impossible to get from a bank. We believe in the potential of small businesses. With the help of your network of friends, family and fans we can get you there.
Your credit score has seen better days
Many small businesses take a hit on their credit score when starting. With backers you can get the money you need without the greatest credit.
You need a large loan amount
Increasing the amount of your loan funded by Backers unlocks larger loans. Able can get you the money you need to make that next big leap.
Your business is carrying other debts
If debt is weighing you down Backers can help get your loan approved. Able can even help you refinance your debt obligations.
Backers are the secret to unlocking higher funding amounts and better rates. Also, you may be able to qualify for a loan without backers.
- Traditional Loan
- Able Loan
- Total Loan$175,000
- Loan Term36 Months
- Credit Score680 Credit Score
- Personal and Public funding pages
- Built in reminders for your Backers
- Management Dashboard for your campaign
We Learn About Your Business
You'll provided us with preliminary information about your business to get the ball rolling.
We Pre-Approve Your Loan
Based on the information you provide we'll provide a pre-approved loan offer.
We Analyize Your Business
We underwrite your business to determine the final loan offer for you to accept.
You Raise Backer Support
You'll get in touch with potential backers and begin collecting pledges with our funding tools.
Documents are E-Signed
You and your backers will sign all the necessary paperwork completely digitally.
Your Business is Funded
Funds are deposited in your account for you make the next big leap for your business.