Lend Academy Podcast: Will Davis of Able Lending

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

Sign up for our Newsletters

Every morning the Fintech Nexus News team scours the globe for the most important fintech stories of the day in the daily Global newsletter.

The Europe edition comes out on Monday, Wednesday, and Friday featuring the most important stories in European and UK fintech.

The Latin American newsletter arrives in your inbox on Tuesdays and Fridays. This is a trilingual newsletter featuring stories in Spanish, Portuguese, and English.

Join 20,000 subscribers!