Since day one, Capital Factory has set out to connect the best and brightest entrepreneurs and to foster Austin’s innovative culture. We’ve excited to announce that we’ve partnered with Able, a local Austin startup, to access additional working capital so that we can continue expanding while equipping local entrepreneurs with the resources to succeed.

My first experience with Able was as a Backer, someone who agrees to fund a part of the loan. Jae from Chi’Lantro, a local (and personal) favorite food truck, approached me about becoming supporting their expansion. We often cater Chi’Lantro at Capital Factory events, and I was more than happy to help out. Throughout the process, I was impressed with Able’s mission to help the local businesses we love and support, grow, and scale. I was also personally excited to support one of my favorite local staples, and I’m now proud to be a Able Backer for Chi’Lantro who has since used the loan for the buildout of its first brick-and-mortar location in Austin.

We’ve seen firsthand at Capital Factory how powerful the support, mentorship, and encouragement of your peers can be. When the time came for us to consider options to fund our own expansion to an additional floor of our building, we chose to collaborate with Able because of that powerful network. We’re two-fold rewarded — backed by a local company that shares our mission and backed by a group of friends and family who believe in what we do. All of our Backers, entrepreneurs you know and love like Josh Jones-Dilworth and Noah Kagan are equally committed to supporting the Austin community, and we’re grateful for their support. Learn more about our Able loan on their website.

We’re proud to be part of the Able network and the Austin community, and grateful for all of the support and generosity we’ve seen from our networks since day one. We’re excited continue providing local Austin entrepreneurs with the tools they need to grow and succeed.

Keep Austin Hacking.