Become a Bank Partner Today
Able is the lowest-cost non-bank lender to small businesses in the nation. We fund pre-and post-revenue businesses at any stage with a new kind of loan that lets entrepreneurs get more capital at lower rates when they recruit some financial support from friends, family, and fans.
Able provides value to banks because you get to help the customer find a responsible alternative funding solution while creating or maintaining the depository relationship.
- Loans from $25,000 to $1MM
- Interest rates start at 8%
- Fast approval and funding
You refer a pre-or post-revenue business to Able that needs capital.
We underwrite the company and create a loan proposal with the loan amount and interest rate (e.g. $180,000 at 10%).
We provide legal structure, fund, and service the loan. The loans are deposited into the bank’s depository account.
You create or maintain the depository client relationship.
Able directly funds and services each loan. Your client will receive VIP treatment from our team of experts.
Able averages $230,000 per funded loan — we don’t compete with banks.
Bigger Credit Box
Able can lend to businesses that are not yet profitable or historically risky.
Able is the lowest-cost, non-bank lender. You can feel good about our responsible rates.
Fast Approval and Funding
Able can fund as quickly as one week, allowing them to stay on top of their growth.
Able funds into the bank’s depository account, allowing the bank to keep the relationship.
The Able loan helped us increase our production capacity by 45%, boost throughput on the brewhouse side, and expand our taproom space for our community of craft brew enthusiasts.
Able’s loan model was exactly what we were looking for — we liked the opportunity to involve Backers, people who believe in our mission, to help fund a portion of the loan to help us empower women through design.
When you are a small business with a tight budget, time is money. Able allowed us to move forward faster than a traditional bank.