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feature a fixed payback schedule that helps in budget planning.
a variable-payment solution, accommodates temporary revenue dips.
by FORA FINANCIAL
5 minute read
April 21, 2022
You have a FICO score if you’ve ever paid for a car, house, college tuition, opened a credit card account or submitted a rental application.
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April 20, 2022
Whether you’re just starting, expanding, or looking to upgrade your car wash business, you’ll need significant cash flow.
Loss prevention refers to the steps businesses take to reduce profit loss. The causes of profit loss, addressed by loss prevention, include theft, fraud, and human errors.
You may need money to cover an immediate business expense at some point. If you wait weeks or months to get approved, it could hurt your business's operations.
7 minute read
If you want to expand your business, receiving a small business loan can help you accomplish your goals. The APR is crucial when applying for any type of business loan, as it affects the total...
April 19, 2022
Illinois is home to 1.2 million small businesses. According to the U.S. Small Business Administration (SBA), these businesses employ 2.5 million workers and represent 44.8% of the state’s workforce.
April 18, 2022
The latest figures from the Small Business Administration (SBA) reveal that 360,756 small businesses are based in Kentucky. These businesses employ 716,731 workers and account for 43.6% of the state’s total workforce. The top industries for...
4 minute read
Once you’ve decided on a great business idea, you’ll need to select a specific business structure. Although most business startups operate as sole proprietorships, many new businesses operate as general partnerships. Starting a partnership comes...
This Thursday, business owners nationwide will celebrate Get to Know Your Customers Day! On the third Thursday of each quarter (in January, April, July, and October), Get to Know Your Customers Day is observed, and...
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Fora Financial Secures New $200 Million Credit Facility, Expanding and Diversifying Capital Resources
Funding Amount: $2,000,000
Industry: Construction
Use of Funds: Bridge funding
Funding Amount: $700,000
Approval Amount: $1.1 Million
Industry: Technology / Data Services
Use of Funds: Cash Flow Liquidity
Funding Amount: $1 Million
Approval Amount: $1.2 Million
Industry: Telecommunications
Use of Funds: Expansion
Initial Funding Amount: $750,000
Add-on Opportunity: $450,000
Industry: Manufacturing
Use of Funds: Financial Stability, Growth
Funding Amount: $300,000
Approval Amount: $450,000
Industry: Manufacturing / Automation
Use of Funds: Working capital
Funding Amount: $1.4 million
Industry: Food and Beverage Franchise
Use of Funds: Expansion and Renovation