Amidst a slackening in investor interest in alternative online loans, Austin-based Able Lending announces Tuesday that it has received $100 million to fund its online small business loans from Community Investment Management, the first impact investment firm focused on marketplace lending. “We’re very excited that within this difficult market, Able is bucking the trend,” says chief executive officer Will Davis. “We were able to do that because of the strength of our model, th

Able, a non-bank commercial lender, Tuesday announced it has closed on $6 million in venture capital and plans to expand its services nationwide. Blumberg Capital and RPM Ventures led the round with participation from Peterson Partners and Expansion Ventures AngelList Syndicate. The Austin-based startup plans to use the money to begin offering loans in 40 states and the District of Columbia. It has 25 employees and expects to hire five more soon. It also plans to use the mone