Business Financing to Fit Your Needs
Benefits of a Small Business Loan:
- Working capital from $5K – $500K
- Terms up to 15 months
- Flexible Payments
- Early payoff discounts
- No collateral required
- Free, no obligation quote
Use the Capital for Any of Your Business Needs – No Restrictions
- Pay your taxes
- Purchase Inventory
- Upgrade Equipment
- Hire Staff
- Invest in Advertising
- Expand Your Operations
- Have Cash for Payroll
- Pay for Renovation Costs
How to Get a Small Business Loan
|Fora Financial||Most Banks||Competitors|
|High Approval Rate|
|Perfect Credit Score Not Required|
|Early Payoff Discounts|
|Receive Financing Quickly|
|Minimal Paperwork Required|
|Consultative Approach to Financing|
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Why Fora Financial Business Loans Stand Out
At Fora Financial, we want to see your business succeed. That’s why we make our business loan product flexible and personalized. Whether it’s terms up to 15 months or early payoff discounts as low as 10 cents on the dollar, our goal is to ensure that your business has the capital it needs. After receiving your financing, you’ll have unwavering support from our Customer Success Department, and access to our proprietary software. Then, if you need another business loan down the road, our Relationship Managers will be there to assist you every step of the way. Apply today and see why over 20,000 business owners have chosen us!
Fora Financial’s Customer Service Throughout the Loan Process
When applying for a loan for your business, you should expect to receive a personalized experience. And once you receive your loan, this attention to detail will continue. That’s what we strive to do here at Fora Financial. Throughout the entire financing process, you can rely on personalized attention from our staff. First, you’ll work with one of our knowledgeable Capital Specialists, who will be able to answer any questions you have about the application, approval and financing process. Once you receive your loan, you’ll also have access to our customer service team, who can provide you with information about your repayment process and connect you with one of our renewal representatives when the time comes for you to receive more financing.
Questions to Ask Yourself Before Applying For a Business Loan:
1. What will I use the loan for?
2. Do I have outstanding debt to pay off?
3. Do I fully understand the loan application?
Preparing Your Loan Application
Once approved, we ask for your driver’s license, a void check and proof of ownership of the business. If you’d like to speed up the process, we suggest that you prepare these documents ahead of time.
In order to supply businesses with financing as soon as possible, we aim to make our application process as simple and stress-free.
Business Financing Requirement Details
We want to ensure that our valued applicants fully understand why we have the requirements that we do. For instance, we require that businesses be operational for at least 6 months before we will provide them with a loan. This is to ensure you have gotten your business off the ground, have a use for the capital, and can responsibly handle the payments.
Businesses typically qualify for our products if they make more than $12,000 a month in gross sales. This prerequisite stands because we do not want to provide financing to a business if the repayment process will be difficult for them to handle while meeting their other responsibilities (such as paying rent or purchasing inventory).
Another main requirement is that we do not work with businesses with open bankruptcies, or any dismissed bankruptcies within the past year. We strive to collaborate with businesses that have an overall healthy financial situation.
Why Small Business Owners Benefit From Receiving a Loan
Receiving a loan can be a game changer for your business! To date, we’ve provided more than 20,000 businesses nationwide with financing. These business owners have shared with us how additional working capital has positively affected their operations. Here are just a few ways that financing can help small businesses thrive:
Money to utilize for whatever your business needs are:
Improve your credit score:
The opportunity for growth:
Peace of mind:
How to Use a Business Loan
The possibilities are endless! There are so many ways to use a loan to grow your operations. Here are just a few ways that our previous customers have utilized their financing: