Able Lending

lendingsme financing

FOUNDING YEAR: 2011
LOCATION: United States
Last Update: 19/01/2021

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About

Able is the lowest-cost online lender to small businesses in the nation. We fund businesses at any stage with a new kind of loan that lets borrowers get more capital at lower rates when they recruit some support from friends, family and fans. On average Able's borrowers save $31,000 on loans between $25,000 and $1,000,000. Able is more than a loan. We connect extraordinary entrepreneurs with additional capital, community resources, and expert advice when its time to grow. To learn more, nominate your favorite business, or get pre-approved in 1 minute visit: www.ablelending.com

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

COMPANY TYPE:

For Profit

REVENUE

0.0 in 2015

company provided insights
Web Traffic

Web Traffic

MONTHLY VISITS

113

AVERAGE VISITS (6 MONTHS)

148.79

MONTHLY VISITS GROWTH

-50.97%

VISIT DURATION

---

VISIT DURATION GROWTH

---

PAGE VIEWS VISIT

1

PAGE VIEWS VISIT GROWTH

0%

BOUNCE RATE

100%

BOUNCE RATE GROWTH

0%

GLOBAL TRAFFIC RANK

21,919,157

MONTHLY RANK CHANGE

759,092

MONTHLY RANK GROWTH

3.59%

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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  · ---