Able Lending

lendingsme financing

FOUNDING YEAR: 2011
LOCATION: United States
Last Update: 08/09/2020

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About

Able is the lowest cost online lender for small business loans. We partner with your friends, family, and fans to create a new loan structure that allows us to lend to businesses at any stage. Loans range from $25,000 to $500,000.

MEDICI Analysis

Able is the collaborative lending company. It offers small business loans up to $250,000

Focus

PRODUCTS & SERVICES

Lending Services It helps to secure loan from the clients network at lowest possible rate

REVENUE MODEL

Collect interest rates by providing 1-5 year term loans upto $50,000 for small bussiness groups.

MAIN CLIENTS

Small Business

EXISTING PARTNERSHIPS

Floodgate

Founders fund

Rothenberg Ventures

COMMENT

It helps to provide structure to friends and family funding, which protects your relationships and to focus on business growth

Traction

VALUATION / MARKET CAP:

$50 M in 2015

REVENUE

0.0 in 2015

People

BOARD MEMBERS AND ADVISORS

Mike Maples

Jr. J

Adam Boyden

Chris Gottschalk

Peter Thiel

NUMBER OF EMPLOYEES

11-50

INVESTORS:

Base Ventures

Blumberg Capital

Correlation Ventures

Emerge

Expansion Venture Capital

Floodgate

Founders Fund

Peterson Ventures

Rothenberg Ventures

Slow Ventures

TDF Ventures

Western Technology Investment

Momentum

FUNDED

YES

TOTAL FUNDING

$11.5 M

DATE OF LAST FUNDING

Feb 2017

FUNDING SERIES

SERIES A  · $6 M  · Aug 2015

SERIES B  · $4 M  · Feb 2017

OTHERS  · $1.5 M · Dec 2011

DEBT FUNDING

$100 M

LISTED

NO

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Able Lending

About

Able is the lowest cost online lender for small business loans. We partner with your friends, family, and fans to create a new loan structure that allows us to lend to businesses at any stage. Loans range from $25,000 to $500,000.

Focus

PRODUCTS & SERVICES

Small business loans, Fintech

Traction

ANNUAL REVENUE:

$0 - $99k

People

NUMBER OF EMPLOYEES

11-50

BOARD MEMBERS AND ADVISORS:

Mike Maples, Jr. J, Adam Boyden, Chris Gottschalk, Peter Thiel

INVESTORS:

Base Ventures

Correlation Ventures

Emerge

Expansion Venture Capital

Floodgate

Founders Fund

Peterson Ventures

Rothenberg Ventures

TDF Ventures

Western Technology Investment

Momentum

FUNDED

YES

TOTAL FUNDING:

$6.00

LISTED

NO

FUNDING SERIES

SERIES B  · $6.00  · ---