# Able Lending

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/able-lending

- Industry: Financial Services
- Headquarters: Austin, US
- Website: www.ablelending.com
- Total disclosed funding: $15M
- Latest round: Series B (Feb 28, 2017)
- Investors on record: 10

## About

Able Lending, Inc. is a financial services company focused on providing innovative lending solutions to small businesses, enabling them to secure funding efficiently and effectively.Founded in 2014, Able Lending, Inc. operates from Austin, US, specializing in innovative funding options for small businesses. It has engaged in 6 different deals, with the most recent being a Series B funding round in November 2017, securing USD 4.00 mn from investors including RPM Ventures and Frontier Venture Capital. The company was acquired by Fundation Group LLC in November 2017, although financial terms remain undisclosed.Able Lending, Inc. offers a range of financial services tailored to assist small businesses in obtaining loans. The company provides various lending products focusing on flexibility and accessibility, allowing small businesses to leverage tailored financing solutions that meet their unique needs. Their services aim to simplify the lending process and provide clear pathways for business expansion.Able Lending, Inc. generates revenue primarily through the interest accrued on loans provided to small businesses. The revenue model is structured around loan origination fees and interest payments, with each transaction designed to ensure financial sustainability for both the company and its clients. This approach enables small businesses to finance their operations while contributing positively to Able Lending's revenue stream.Looking ahead, Able Lending, Inc. plans to expand its product offerings with the launch of new lending solutions specifically designed for underserved markets by mid-2024. The company is also targeting geographic expansion into new regions within North America, focusing on areas with high small business activity by the end of 2025. The recent Series B funding will be utilized to support these initiatives, enhancing technology and operational capabilities to better serve their clients.

## Funding rounds

- Series B, Feb 28, 2017, $4M — Frontier Venture Capital, RPM Ventures
- Series A, Aug 25, 2015, $6M — Blumberg Capital, Peterson Partners, RPM Ventures, Expansion Venture Capital
- Series A, Jul 1, 2013, $5M — Peterson Partners, Western Technology Investment, Founders Fund, Correlation Ventures, Floodgate, TDF Ventures, Expansion Venture Capital

## Investors

- Peterson Partners (https://capitalatlas.ai/funds/peterson-partners) — Series A
- Western Technology Investment (https://capitalatlas.ai/funds/western-technology-investment) — Series A
- Founders Fund (https://capitalatlas.ai/funds/founders-fund) — Series A
- Correlation Ventures (https://capitalatlas.ai/funds/correlation-ventures) — Series A
- Floodgate (https://capitalatlas.ai/funds/floodgate) — Series A
- TDF Ventures (https://capitalatlas.ai/funds/tdf-ventures) — Series A
- Expansion Venture Capital (https://capitalatlas.ai/funds/expansion-venture-capital) — Series A
- Blumberg Capital (https://capitalatlas.ai/funds/blumberg-capital) — Series A
- RPM Ventures (https://capitalatlas.ai/funds/rpm-ventures) — Series A, Series B
- Frontier Venture Capital (https://capitalatlas.ai/funds/frontier-venture-capital) — Series B