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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
1 minute read
September 4, 2024
Fora Financial, a leading fintech lender for businesses, is excited to announce the appointment of Michael Air as its new Chief Technology Officer. "Michael's extensive experience will allow us to execute on our ambitious strategy...
6 minute read
September 3, 2024
Starting a business and creating a business plan is a great example of that old saying: The more you know, the more you know you don't know. With that in mind, what are some of...
4 minute read
August 27, 2024
The Small Business Administration (SBA) received more than 500 applications for financial assistance after Baltimore's Francis Scott Key bridge collapsed in March. Other recent disaster headlines are reminders that a natural or man-made disaster can...
August 22, 2024
Business owners look for financing options for many different reasons, including acquiring new equipment, inventory, or property or simply to maintain a positive cash flow to cover operating expenses. But how long does it take...
August 20, 2024
During the summer, Della's Delectable Delights, a gourmet market on the New England coast, is busy from dawn 'til dusk. But when the weather cools off, its apple pie and pumpkin-spice coffee sales aren't enough...
August 15, 2024
The Inc. 5000 list highlights the nation’s top independent businesses that have achieved remarkable growth. This year marks Fora Financial's seventh appearance on the list, a testament to years of dedication and success helping the...
3 minute read
August 13, 2024
Changes in tax laws, labor trends, and the role of artificial intelligence are just a few of the topics making small-business headlines recently. Here's our roundup: HR TRENDS: Keeping summertime fun. Small business owners are...
August 6, 2024
America's entrepreneurs look on the bright side of life. According to recent polling from the U.S. Chamber of Commerce, 73 percent of small business owners say they expect their revenues to increase in the next...
5 minute read
July 30, 2024
When your business finances are crunched and you are exploring options, beware of two rapidly-proliferating threats: (1) predatory debt consolidation and (2) successive, aggressive financing (commonly called “stacking”). Debt Consolidation A tall promise. During a...
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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