Able and Able Lending Online Lender Review

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Able and Able Lending Online Lender Review

Published By Janet Gershen-Siegel at April 20, 2018

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Able and Able Lending are one of several online lending companies. We take a look at the specifics and drill down into the details.


Able and Able Lending are located online here: Their physical address is here:

800 Cesar Chavez St. B101
Austin, Texas 78701.
You can call them at: (866) 229-0272.
Their contact page is here:
You can email them at: [email protected]

They have been in business since 2009 as a hybrid lender (they offered crowdfunding, P2P lending and traditional installment loans). Initially, customers were able to choose between getting their funding from online lender Able Lending, their friends and family, or a mixture of both. However, they apparently switched over to being a more traditional lender in 2015. They have an A+ rating with the Better Business Bureau, and evidently no complaints have been filed.


Able offers what they refer to as “a new kind of loan”. They offer SBA Loans and Debt Refinancing.

SBA Loans

Able offers SBA 7 (a) Loans. See: for more information. Depending upon company size (such as number of employees, amount of annual revenue, etc.), the SBA offers loans through lenders, including Able. These loans cover fixed asset needs such as the capital needed for purchasing equipment, furniture, machinery, fixtures, supplies, material, and the like. Terms (these are defined by the SBA) go up to 25 years. Loans are up to $5,000,000.


Rates can be fixed or variable. There are no fees for loans up to $150,000. Rates are 3% of the guaranteed portion for loans from $150,001 to $750,000. Plus rates are 3.5% of the guaranteed portion up to $1 million for loans from $750,001 to $1 million and 3.75% above $1 million.

Debt Refinancing

Able also offers business loan refinancing which decreases payments but increases the term of the loan.


Their rates start at 8%.


Advantages are that there are no fees for loans of up to $150,000. In addition, their fees cap at 3.75% for loans over $1,000,000. According to Able: “On average Able’s borrowers save $31,000 on loans between $25,000 and $1,000,000.”


Disadvantages are that these are SBA loans. Hence if your company is unable to qualify for an SBA loan, then you should not be looking to Able for your financing.


Able and Able Lending is really best for companies which qualify for SBA loans. If your company does, though, you can look elsewhere for SBA lending. Hence their true advantage is SBA loans available through an online application. But if your lending institution of choice offers an online application, then Able’s advantage seems to disappear.

And finally, as with every other lending program, whether online or offline, remember to read the fine print and do the math. Go over the details with a fine-toothed comb, and decide whether this option will be good for you and your company. In addition, consider alternative financing options that go beyond lending, including building business credit, in order to best decide how to get the money you need to help your business grow. Today, we want to hear from our audience! Share your voice with us about your experiences with online lenders.

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