Forward Financing Secures Enhanced Capital for Small Business Growth

Forward Financing Expands Credit Facility to $450 Million

Forward Financing, a prominent provider in the financial technology sector, has officially enhanced its credit facility from $250 million to an impressive $450 million. This development is aimed at bolstering the company’s commitment to supporting small businesses nationwide. With this capital boost, Forward seeks to reach and assist more entrepreneurs who struggle with traditional financing options.

Meeting the Needs of Small Businesses

Many small businesses across the country, particularly those in underserved areas, find it challenging to access traditional funding. At Forward Financing, understanding these unique challenges is at the core of their mission. More than 27% of the company's clientele operates in Low-to-Moderate Income (LMI) areas, making it difficult for them to obtain conventional bank loans. The recent expansion of their credit facility is a strategic step to serve this demographic better.

Strengthening Financial Support for the Underserved

Christopher Chiou, Chief Financial Officer at Forward, expressed enthusiasm about the company's financial growth and the positive impact it will have on small enterprises: "This significant expansion of our credit facility is an exciting step towards continued growth and our ability to fund more small businesses across the country." His statement sheds light on their intent to solidify their position in the revenue-based financing arena.

Recognized for Exceptional Service

Forward Financing isn't just about numbers; they care deeply about customer service. Recently recognized in The 22nd American Business Awards for their Customer Service Department, the company emphasizes the importance of knowledgeable and supported service throughout the financing process. They believe that when customers feel informed, they can make better financial decisions.

Commitment to Growth and Success

Looking ahead, Forward Financing plans to direct this additional capital into ongoing funding volume growth, ensuring they can meet increasing demands from small businesses needing working capital now more than ever. With a history dating back to 2012, Forward has successfully provided over $3 billion in funding to nearly 63,000 small businesses. This remarkable achievement highlights the firm's dedication to its mission and community.

Fostering a Positive Work Environment

Culture plays a significant role in Forward’s operation. The company is recognized as A+ by the Better Business Bureau and holds an Excellent rating of 4.8 stars on Trustpilot.com. Additionally, they have been acknowledged as a Best Place to Work by Built In Boston and certified as a Great Place to Work®. Their internal commitment mirrors their external mission: helping their team members and the small businesses they serve reach their full potential.

About Forward Financing

Founded and headquartered in Boston, Massachusetts, Forward Financing specializes in providing fast, flexible capital to small businesses often overlooked by traditional banking systems. Their operational hub is located in Santiago, Dominican Republic, where they utilize cutting-edge technology to streamline the application process and offer same-day funding. This efficiency underscores Forward's desire to empower small business owners who are significantly underserved.

Contact Information

For inquiries, reach out to Christina Sorrentino at 888-244-9099.

Frequently Asked Questions

What is the purpose of Forward Financing's credit facility expansion?

The expansion aims to increase funding availability for small businesses, especially those underserved in financial accessibility.

How does Forward Financing support small businesses?

They provide fast, flexible financing options, often delivering funds within the same day, tailored for small businesses in need.

What recognition has Forward Financing received?

They have been recognized for their exceptional customer service and have received several awards, including from the Better Business Bureau.

What types of businesses does Forward Financing serve?

The company primarily serves small businesses, particularly those located in Low-to-Moderate Income areas with limited access to traditional funding.

How much funding has Forward Financing provided since its inception?

Since 2012, Forward Financing has provided over $3 billion in funding to nearly 63,000 small businesses across the U.S.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

Disclaimer: The content of this article is solely for general informational purposes only; it does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice; the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. The author's interpretation of publicly available data shapes the opinions presented here; as a result, they should not be taken as advice to purchase, sell, or hold any securities mentioned or any other investments. The author does not guarantee the accuracy, completeness, or timeliness of any material, providing it "as is." Information and market conditions may change; past performance is not indicative of future outcomes. If any of the material offered here is inaccurate, please contact us for corrections.