Able Lending: Texas fintech company collects $100M to distribute to more small businesses

Able Lending Inc. has a new loan pool of $100 million available to small businesses that company executives expect to last up to eight months as they quicken their pace of lending. The Austin-based collaborative lending startup revealed Tuesday that it received a $100 million debt financing from San Francisco-based Community Investment Management LLC. The capital is available to fund about 500 small U.S. businesses, according to an Able Lending announcement. CEO Will Davis said the additional capital...