How a $250,000 Growth Loan is Funded
The money you raise from your network is amplified by Able to maximize your funding
Able makes peer to peer loans work for businesses. Raising funds helps you unlock dramatically more capital than you would normally have access to through traditional funding methods.
- Traditional Loan
- Able Loan
- Total Loan$175,000
- Loan Term36 Months
- Credit Score680 Credit Score
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.
- 20% businesses approved
- Up to 9 months to fund
- Down payment up to 33%
- Long application process
- Piles of paperwork
- 48% businesses approved
- Funds within 30 days
- 10-50% from your network
- Apply in minutes
- Online application
- 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.