A New York-based telecommunications company, five years in business, had outpaced revenue expectations but faced a capped senior financing facility. Needing $1 million in working capital for further growth, the company turned to Fora Financial.
Vision
The company aimed to expand by hiring and training staff, acquiring inventory, and increasing brand exposure through marketing, positioning themselves for long-term profitability.
Opportunity
Rapid growth created the need for capital to enhance operations, expand market presence, and sustain the company's upward trajectory.
Challenge
Capped Senior Facility: Limited access to additional capital.
Profitability Limitations: EBITDA was insufficient for an equity raise.
Operational Demands: Needed capital for staffing, inventory, and marketing to continue growing.
How Fora Financial Helped
Fora Financial approved and funded $1 million within 4 days. The financing provided flexibility, allowing the company to use the funds for staff, inventory, and marketing. Importantly, the funding was non-dilutive, protecting the company’s ownership.
Results
Expansion Enabled: Hired staff, acquired inventory, and launched marketing campaigns.
Flexibility: Managed operational needs without disrupting growth.
Ownership Preserved: Non-dilutive financing ensured long-term profitability.
Conclusion
Fora Financial’s fast and flexible funding allowed the company to expand and grow without sacrificing equity, positioning them for long-term success.
Why Fora Financial
The decision to collaborate with Fora Financial was influenced by:
Speed: Approved and funded in 4 days.
Flexibility: Unrestricted use of funds.
Non-Dilutive: Retained full ownership.