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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.
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