Frequently Asked Questions

How does Backabl work?

Backabl helps business owners skip the long application process and get funding from some of the best credit unions, community lenders, and local banks.

How do we do it? We’ve built a network of lenders and grant providers that you can search for on our platform through any filter, from location to industry! When it’s time to apply, our proprietary platform turns your bank account spend data into a digital application, giving lenders a much more complete and stronger case for approving the loan.

Its fast, simple, and secure.

What is a community lender?

Community lenders, or community development financial institutions, are solely focused on lending to small businesses that have been either turned down by traditional banks, or are having trouble accessing credit from these lenders.

The U.S. Treasury Department certifies CDFIs, which include banks, credit unions, loan funds, and venture capitalists, to ensure they are mission-driven with the goal of helping underserved communities. CDFIs finance small businesses, as well as nonprofit organizations, housing programs, and commercial real estate.

Is my data safe?

Backabl was built on next-gen security infrastructure with a keen-focus on data protection and data privacy. All of our software and processes are secured by industry-leading techniques and technology, and we take user data security very seriously. For more information on data security and privacy, please see our privacy policy. If you have any concerns or questions, please feel free to email support@backabl.com directly.

How much does Backabl cost?

Signing up and searching loans or grants on Backabl is completely free, and we only collect a small fee if you receive a loan or grant.

What makes Backabl different?

Two things – our application, and our approach. Our application works for every lender on our platform, so you only need to fill it out once. From here, future applications take no more than a few clicks. The Backabl application also leverages your bank account spend history to strengthen traditional applications, enabling business owners who were left in the dark by traditional banks to show they are Backabl.

What if I have a question?

We love hearing from business owners and customers – feel free to contact us at support@backabl.com anytime. You can also reach our support team anytime at 202-964-0877.