Fora Financial
Small Business Loans. Big Possibilities.
Overview
Established in 2008, Fora Financial is a direct lender that has provided over $2 billion in funding to more than 25,000 businesses. They offer small business loans and revenue advances (similar to MCAs) up to $500,000. Fora Financial is known for its flexible underwriting, considering businesses with at least six months of operating history and credit scores as low as 570. They also offer early payment discounts.
✨ Key Features
- Financing up to $500,000
- Early payoff discounts available
- No collateral required
- Low time-in-business requirement (6 months)
- Fast funding (within 72 hours of approval)
- Simple application process
🎯 Key Differentiators
- Offers both term loans and merchant cash advances
- Early payoff discounts
- Transparent and straightforward process
Unique Value: Delivers flexible financing options with a simple application and the potential for early repayment savings.
🎯 Use Cases (5)
✅ Best For
- Funding for newer businesses
- Financing for business owners with bad credit
💡 Check With Vendor
Verify these considerations match your specific requirements:
- Businesses seeking long-term loans (max term is 18 months)
- Companies sensitive to high interest rates
🏆 Alternatives
Provides a choice between traditional term loans and merchant cash advances, offering flexibility for different types of businesses.
💻 Platforms
🛟 Support Options
- ✓ Email Support
- ✓ Phone Support
💰 Pricing
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