Able Lending, Inc.

fitsmallbusiness.com

Online Business Loans: 11 Options for Working Capital & More

Small businesses have never had more convenient access to capital. From startup funding to working capital to long term SBA loans, the number of companies offering online business loans has grown tremendously over the past few years. Applications are a snap, and approvals are made in record time. Plus, the costs of many online small business loans are competitive with traditional lenders.

dallasinnovates.com

Lender Commits $5 Million to DFW Small Businesses

Able Lending Inc., a national low-cost alternative lender to small businesses, announced on Monday a $5 million commitment to an estimated 20 small businesses in Dallas-Fort Worth.

Fttechhub

Alternative lending: friends in need

Small and untested even by the standards of this nascent sector, upstarts such as Able shine a light on the opportunities and challenges facing fintech companies which say they are filling the void left by a retreating banking sector.

Small businesses are risky, says Mr Davis, “but if we can share risk with friends and family, we can get a senior lender to come in and lend at a lower rate”. The key is financial engineering rather than nifty algorithms, he adds. “If anyone tells you that technology drives low interest rates they’re lying to you. It’s not magic, it’s simply structure.”

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