10 Reasons Why Fora Financial Is a Top Business Loan Lender
No matter your industry, Fora Financial is a small business lender you want to consider. Here’s a look at 10 of the many reasons small business owners turn to us as their business loan lender.
Why Business Owners Select Fora Financial as Their Small Business Lender
At Fora Financial, we know your business has its own unique needs and goals. That’s why we don’t put any restrictions on how you can use our financing options. You can take out a loan from us to purchase inventory, upgrade equipment, hire or pay employees, renovate your building, expand your operations, or do anything else you’d like.
2. Small and Large Loan Amounts
Whether you’d like to borrow several thousand or several hundreds of thousands of dollars, we have you covered. We’re pleased to offer small business loans ranging from $5,000 to $500,000. Since our terms go up to 15 years, you can take your time paying off your loan. Our underwriters will determine the ideal loan amount and payment term for your situation.
3. No Collateral Required
It’s not uncommon for a small business loan lender to ask a business to secure their loan with an asset like commercial property or equipment. Fora Financial loans are unsecured and don’t require any collateral. This is a huge plus as a lender may seize your collateral if you default on a secured loan.
If you’re wondering what type of term loan we may approve you for but don’t want to fill out a formal application, you’re in luck.
5. Simple Loan Application Process
With us, you don’t have to worry about a long, drawn out application process. To apply for a Fora Financial loan, all you have to do is fill out our one-page application and submit three months of bank statements. We won’t ask you for the mountains of documentation another small business lender may require.
6. Fast Approvals
When you need funds for your business, it can be frustrating to wait weeks or even months to find out if you’re approved for a loan. Fortunately, we offer fast approvals so you can quickly receive and utilize business financing.
Once we receive your application and bank statements, you can get approved within 24 hours.
7. Fast Funding
In addition to fast approvals, we offer fast funding. As soon as you get approved, we’ll deposit the funds directly into your bank account in as little as 72 hours. You’ll have the money you need to meet your business goals quickly, so you can focus on achieving your goals!
8. Lenient Requirements
It can be difficult to get approved for a loan, especially if you’re a startup or newer business. Unlike other lenders, we have relaxed requirements that make it easy to qualify for financing. To obtain a Fora Financial loan, you must be in business for at least six months with a $12,000 minimum in gross sales and no open bankruptcies. If you have an overall healthy financial situation, there’s a good chance we’ll approve you.
9. Exceptional Customer Service
If you make the smart decision to choose us as your business loan lender, you’ll be more than just a number. At Fora Financial, we provide each and every customer with the individualized attention and excellent customer service they deserve. We’ll work tirelessly to build a strong, long-term relationship with you and your business.
10. Years of Experience
We’re veterans in the small business lending industry. In fact, we’ve provided more than 25,000 businesses with financing. We’ve also earned a stellar reputation and countless positive reviews for our easy application, fast approvals and funding, and lenient requirements. In addition, we hold an A+ rating on the Better Business Bureau.
How to Get a Small Business Loan From Fora Financial
If you need capital for your small business, fill out a short application form to prequalify for a loan. Simply provide your name, business name, email address, phone number, and annual sales figure. If you choose to move forward with an offer you receive, complete our quick, single application form and submit three months of bank statements.
Upon approval, we’ll ask for your driver’s license, a void check, and proof of ownership of the business. Then, we’ll deposit the funds into your bank account within a few days.
You can use our secure portal to monitor all transactions in real-time and contact our customer service team should you have any questions or issues.
Conclusion: Fora Financial Is Here to Help!
We know that pursuing a business line of credit or loan can be daunting, especially if you haven’t received financing in the past. As a trusted financial institution, we’re happy to answer any questions you have about how to apply for a small business loan.
Once you receive funding, you can invest in your products or services, handle cash flow shortages, or make other necessary business investments. We look forward to hearing from you about your business funding needs!
Editorial Note: Any opinions, analyses, reviews or recommendations expressed in this article are those of the author's alone, and have not been reviewed, approved, or otherwise endorsed by any of these entities.