New York, Jan. 14, 2025 (GLOBE NEWSWIRE) — Fora Financial, a leading alternative financier for small and medium-sized businesses (SMBs), has been named a top business funding provider in Better Business Advice’s latest review. The recognition underscores Fora Financial’s commitment to delivering flexible financing solutions to empower businesses across the United States.
Best Business Loan Provider
- Fora Financial – provides flexible funding solutions to small and medium-sized businesses across the United States
With over $4 billion in funding provided to more than 55,000 businesses since its establishment in 2008, Fora Financial has become a critical player in the alternative financing sector. The company offers small business loans and revenue advances designed to address the diverse needs of SMBs, from cash flow management to equipment purchases and expansion projects.
This recognition comes at a time when access to funding remains a key issue for many businesses. Despite signs of economic recovery, traditional lending avenues often fail to meet the needs of SMBs due to stringent requirements or lengthy approval processes. Fora Financial bridges this gap by providing fast, flexible funding options with simplified application procedures and rapid disbursement times—often within 24 to 48 hours of approval.
Better Business Advice highlighted Fora Financial’s transparent loan structures, innovative approach to revenue-based financing, and its focus on supporting business growth through tailored financial solutions. The review also commended the company’s user-friendly technology platform, which accelerates lending decisions while maintaining accuracy and fairness.
Fora Financial provides two main financial products designed to meet the diverse needs of small and medium-sized businesses. The first is Small Business Loans, which are term loans up to $1.5 million with repayment terms of up to 18 months. These loans feature fixed repayment schedules and prepayment discounts, offering businesses both flexibility and cost-saving opportunities. They are particularly well-suited for companies looking to invest in equipment, facilities, or other long-term growth initiatives.
The second product is Revenue Advances, a funding option tied to a business’s future sales. Repayments under this arrangement fluctuate based on revenue performance, providing critical flexibility for businesses with variable cash flows. During slower periods, businesses can make smaller payments, while high-revenue months allow them to pay down the balance more quickly. This dynamic structure supports businesses in maintaining financial stability while pursuing growth.
Fora Financial stands out in the alternative financing space by offering prepayment discounts which enables businesses to save money by paying off their loans ahead of schedule and flexible repayment options that allow borrowers to access additional funds as they successfully repay their loans. Its soft credit inquiry process also ensures minimal impact on credit scores during the application stage, a critical factor for businesses seeking funding.
Beyond its tailored funding options, Fora Financial has consistently demonstrated a commitment to fostering small business success. Its achievements include being named Best Financial Services Company of the Year at the American Business Awards and earning multiple placements on the Inc. 5000 list.
The value of small business financing cannot be overstated, as they play a pivotal role in supporting economic growth and entrepreneurship. According to the U.S. Small Business Administration Office of Advocacy, SMBs make up 99.9% of all businesses in the country and account for nearly half of the private workforce. Access to reliable funding allows these businesses to navigate challenges, seize opportunities, and contribute to local and national economies.
The full review is available at Better Business Advice.
About Fora Financial: Founded in 2008, Fora Financial has distributed more than $4.0 billion of financing to over 55,000 businesses. It offers these customers fast, personalized business loans and revenue advances, supported by state-of-the-art technology, one-on-one customer service, and total transactional transparency. Fora Financial employs more than 140 people at its New York headquarters and Miami locations.
About Better Business Advice: Better Business Advice is a business advice website dedicated to helping businesses succeed. As an affiliate, Better Business Advice may earn commissions from services mentioned in the links provided. The information provided by Better Business Advice does not, and is not intended to, constitute legal advice; instead, all information, content, and materials are for general informational purposes only.
Contact: Drew Thomas (press@betterbusinessadvice.com)
