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Lend Academy Podcast: Will Davis of Able Lending
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Lend Academy Podcast: Will Davis of Able Lending

Lend Academy Podcast: Will Davis of Able Lending

Fintech Nexus Staff·
News RoundupOnline LendingUSA
·Dec. 12, 2016·1 min read

Able Lending has one of the industry’s most unique business models, allowing small business lenders to source loans from their personal network to lower lending costs; Lend Academy interviews Will Davis of Able Lending for more insight on the platform’s business; at Able Lending, personal network backers take a subordinated position, allowing the lead lender to get paid back first while offering a lower cost of borrowing overall; the firm has been successful with this lending model, reporting over 80% of loans utilizing backers; it has also seen steady origination growth, with volume growing from $3 million in the first year to $30 million in the second year and an expected $100 million in its third year.  Source

  • Fintech Nexus Staff
    Fintech Nexus Staff

    This piece was created by one of our content team members. Reach us at [email protected]

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