Folding Handle Ratchet Binder with Two Piece Knob

An improved ratchet binder with a folding handle with two connecting ends and includes an enclosed ratchet gear. The direction of rotation of the enclosed ratchet gear is determined by a knob located on the ratchet gear. The knob includes a handle for improved leverage on the knob. The knob may be lifted and rotated 180 degrees to change the direction of rotation from binding a load (decreasing the distance between the connecting ends) or releasing a load (increasing the distance between the connecting ends). A raised knob also allows free motion of the gear for quick release. The knob is connected to a two-sided pawl that engages with the gear. The pawl includes a pawl spring to provide tension on the knob and to ensure engagement of the pawl with the ratchet gear.