Intermediate-Term Loan by Able Lending
Able is committed to providing growth capital for any business need at the lowest rates possible. Able Growth loans range from $25,000 to $1MM with 1 to 5 year terms, and interest rates starting at 8% – no hidden fees or prepayment penalties. Loans are funded with the support of your network and ours. Your friends, family, and fans have the opportunity to support your business by funding a portion of your loan. Then Able funds the rest – up to 100%.
Low-interest rates. Your friends, family, and fans have the opportunity to support your business while you retain equity. Raise at least 10% from your network and Able matches the rest.
Loan requires a minimum of 10% of the total loan funded by at least two backers. You (the owner) can be a backer, but you are required to recruit at least two additional outside people.
Time in Business
Incorporation required (no sole proprietors)
$100,000+ annual revenue.
Personal Credit Score
Unable to lend in California, Connecticut, Delaware, Minnesota, Nevada, North Carolina, North Dakota, Oregon, South Dakota, Vermont.
Reviews Disclosure: The responses below are not provided or commissioned by the credit card, financing and service companies that appear on this site. Responses have not been reviewed, approved or otherwise endorsed by the credit card, financing and service companies and it is not their responsibility to ensure all posts and/or questions are answered.