Mail Digitization Startup Outbox Relaunches As Able, A Collaborative Small Business Loan Provider | Techcrunch

Afterwards, Able collects regular payments from the borrower then distributes proceeds to the backers. Though differentiated by its methods, Able will compete in a broader market with a number of other lending-focused startups, peer-to-peer and otherwise, including Google-backed Lending Club , CAN Capital , OnDeck , Zidisha , Prosper , SoFi , and others. Before its public launch, Able has already loaned 40 growing businesses$5,000 to $150,000. Founded 2011 Overview Outbox digitizes your mail.
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