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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
February 4, 2025
Businesses can have many great reasons for seeking working capital – getting up and running, expanding operations, or even just buying additional inventory at a bargain price. When used smartly, borrowed capital can reduce the stress...
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January 28, 2025
Last week, one of the ovens at the Serious Dough Bakery baked its last loaf of pumpernickel bread, right before the weekend rush. Wendy, the bakery's owner, wasn't anticipating a large fourth-quarter purchase, which would...
January 21, 2025
When your catering business's only delivery truck's engine seizes, your business banking account is low, and you're heading into your busy season, you'll need to borrow the funds for a new truck — that's a...
3 minute read
January 14, 2025
Despite your best efforts, there’s always the chance that you may find yourself coming up short on repaying a business loan. If so, you’re not alone. In fact 34 percent of small businesses say that...
4 minute read
December 3, 2024
The best way to avert a business-loan scam, whether it shows up online, in your mailbox, or on the phone, is to learn the most common red flags. Here we share common scams and the...
November 5, 2024
Do you need a loan? You're not alone. In their quest to grow, small businesses borrow more than $100 billion per year. And you can be among them — if you make a clear case...
October 22, 2024
Audits are an essential part of the federal taxation process — and with good reason. In-person field audits and audits managed by mail are responsible for recovering billions in unpaid taxes. In fiscal year 2023...
6 minute read
October 15, 2024
Credit cards are one of the most popular forms of business credit. But they can't always address your firm's needs. When times are tough, a business line of credit can help you to make payroll,...
October 8, 2024
Without determining the likely risk of providing financing to potential small business borrowers, lenders can't make informed decisions about which loan applications to approve. They also need the same vital information to decide on funding...
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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