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feature a fixed payback schedule that helps in budget planning.
a variable-payment solution, accommodates temporary revenue dips.
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by FORA FINANCIAL
3 minute read
May 23, 2023
Follow these tactics to avoid wasting time and money. An onslaught of digital and online products and services has given small businesses access to highly sophisticated marketing tools. The problem: Who has the time or...
May 17, 2023
Be ready to answer these before even calling a potential lender. Approval rates for small-business loans are flat or declining. Most-recent government statistics report an 18 percent decline in loan approval rates at midsize bank...
2 minute read
May 10, 2023
College costs continue to soar. According to U.S. News & World Report, average tuition and fees can be as high as $40,000 per year at a private four-year school. It’s no surprise then that four...
5 minute read
April 26, 2023
Following this essential best practice ensures that you have cash when it’s needed most. Working capital (also known as net working capital) is the bread-and-butter cash with which you fund the costs of doing business...
April 20, 2023
What to consider before signing off real estate or other precious possessions. Putting up collateral for a loan is a practice almost as old as civilization itself, with records of secured loans in ancient Mesopotamia,...
6 minute read
April 11, 2023
Wondering how to get a business loan with no down payment so you can start running your own hotel? Here’s how to get a loan to buy a motel and get your business off the...
April 4, 2023
Nurses are incredibly talented and skilled caregivers. They go through rigorous education and testing to earn their credentials so they can work alongside doctors and other medical staff in multiple different healthcare settings. Nurses often...
March 28, 2023
Whether you’re a fledgling singer-songwriter or aspiring record producer, a music loan can help you find your feet and start building up a following for yourself. So, what is a music loan, and how can...
March 14, 2023
The need for substance abuse and rehabilitation facilities is growing rapidly. According to the Substance Abuse and Mental Health Services Administration (SAMHSA), alcohol and drug users report increased use since the 2020 pandemic. Opening a...
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News
Fora Financial Secures New $200 Million Credit Facility, Expanding and Diversifying Capital Resources
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
Funding Amount: $750,000
Approval Amount: $1,400,000
Industry: Organic Food Grower
Use of Funds: Cash Liquidity