Getting a small business loan is easier than ever

Many business owners think that pursuing a traditional bank loan is too time consuming. At Fora Financial, we realize that your time is precious, so we make our process short and simple.

Use your loan however you’d like

No business is the same! While your business may require new equipment, another business needs to fill inventory orders. We provide the financing, and you choose how to use it!

Finding the right fit for your business

We know business loans aren't 'one size fits all.' With flexible requirements, loan amounts, and terms, you'll receive a loan that's tailor-made for you.

Learn About Our Business Loans

Watch this quick video to learn about how our business financing can benefit your operations!

Fora Financial’s Business Financing Details

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

Business Loans Are Perfect For These Industries:

How to Use Your Term Loan – 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

See what our customers are saying about us:

How to Get a Small Business Loan

Complete Our Simple Application

Fill out our one-page application, submit three months of bank statements, and get approved within 24 hours.

Receive Capital Quickly

Funds get deposited directly into your business bank account in as little as 72 hours from approval.

Utilize Our Secure Portal

Monitor all transactions in real-time, using our state-of-the-art proprietary software.

Small Business Loan Requirements*

At least 6 months in business
$12,000 minimum in gross sales
No open bankruptcies

Get Started

*Meeting minimum requirements does not guarantee funding.

Small Business Loan Comparison

At Fora Financial, we pride ourselves on providing our customers secure, personalized business loans.

Want to see how we measure up to the competition? Check out the chart below:

	Fora Financial	Most Banks	Competitors
High Approval Rate
Perfect Credit Score Not Required
Early Payoff Discounts
Receive Financing Quickly
Minimal Paperwork Required
Renewal Benefits
Consultative Approach to Financing

Everything You Need to Know About Small Business Loans

At Fora Financial, we understand that your business’s finances are important to you.

That’s why we want to provide you with as much information about business financing as possible. Keep reading to learn more about our business loan product, and about this financing option in general.

We wrote an extensive guide about small business loans here that you should really check out.

Jump to a Section Below

Why Fora Financial Customer Service Questions to Ask Preparing Your App Requirements Benefits Uses Other Products

Why Fora Financial Business Loans Stand Out

At Fora Financial, we want to see your business succeed. That’s why our business loan product is flexible. 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.

Fora Financial’s Commitment to Customer Service

When applying for a loan for your business, it should be a personal experience. And once you receive your loan, this attention to detail must continue. That’s what we strive to do here at Fora Financial.

Throughout the financing process, you’ll receive focused attention from our staff. First, you’ll work with one of our knowledgeable Capital Specialists, who can answer any questions you have about the financing process.

Once you receive your loan, our customer service team will be there to assist you. They’ll provide you with information about your repayment process and connect you with a renewal representative when you’re ready for more financing.

Questions to Ask Yourself Before Applying For a Business Loan:

Loan Application Types Fora Financial Icon

1. How will I use the loan?

Before applying, you should know how you'll utilize the financing. Do you have broken equipment that must be fixed, a need to meet payroll, or do you have expansion plans?

Knowing how you want to use your working capital will help you determine how quickly you need it, the desired loan amount, and the cost you’re comfortable paying.

2. Do I have outstanding debt to pay off?

It's important to consider existing debt, whether it be from business credit cards or previous loans. If you aren’t going to use your funds for debt consolidation, it will be challenging to repay a new loan while also paying off other debts.

So, if you still have significant debt to pay off, we suggest waiting before you apply for a loan. You’ll likely feel more comfortable repaying a loan if you aren't obligated to make other debt payments at the same time.

3. Do I understand the loan application process?

Before submitting your application, you should review the lender’s qualifications. You can view our funding requirements below. If you have any questions, don’t be afraid to ask!

How to Prepare Your Loan Application

Preparing your small business application

Before submitting your application, compile the necessary documents. We require your business’s three most recent bank statements and our one-page application to get started. Depending on other factors, some online lenders may request a month-to-date bank statement, annual revenues, tax returns, P&L and balance sheet.

Once approved, we’ll ask for your driver’s license, a void check, and proof of ownership of the business. To speed up the process, we suggest that you prepare these documents ahead of time.

Business Financing Requirements

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’ll provide them with a loan. This is to ensure you’ve 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 don’t want to provide financing to a business if the repayment process will be too difficult for them to handle while meeting other responsibilities (such as paying rent or purchasing inventory).

In addition, we don’t work with businesses that have 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 25,000 businesses nationwide with financing. These business owners have shared with us how receiving a loan positively affected their operations. Here are just a few ways that financing can help your business thrive:

Money Applications with Fora Financial Loans

You'll have money to utilize for whatever your needs are:

At Fora Financial, we don’t restrict how you use your loan. Whether it’s purchasing equipment or paying employees, you can invest in your business’s future however you’d like.

You can improve your credit score:

When you receive a business loan and repay it on schedule, this can boost your credit score. Paying off loans and other bills in a timely manner is important, so consider this if you’re interested in improving your credit score.

Open store sign - opportunity for growth

There's growth opportunities:

With extra financing, your business can pursue strategic opportunities such as opening a new location, hiring staff, or offering more inventory.

Owner of store at peace of mind - Fora Financial

It brings peace of mind:

Having a business loan ensures that you’ll have money available for emergencies or exciting plans. That means a lot when you’re responsible for keeping your business afloat!

How to Use a Business Loan

There are so many ways to use a loan to grow your operations. Here are just a few ways that you can spend your financing:

Marketing:

Do you want to gain more customers? Using your loan for marketing projects might be the right choice for you. You can invest in branded materials, social media campaigns, or test other marketing ideas.

Payroll:

Once you receive a loan, you can put it towards payroll costs. You'll be able to breathe easy knowing you can pay your valuable employees.

Expansion:

Is your business growing rapidly? Then it might be time to expand your business! With additional financing, you can increase your space or unveil new product and service options.

Paying bills:

You likely have consistent bills that you must pay to keep your doors open and your lights on. With a small business loan, you’ll have funds available, so that you won’t risk missing a payment.

Cash flow:

Many of the business owners we work with use their loan as cash flow stability. With added cash flow, you can pay for ongoing business expenses while having additional cash to use for other costs.

Inventory:

Are you worried about having enough inventory in stock? With a business loan, you’ll be able to pay for inventory orders, while still having funds for other areas of your business.

Renovations:

Whether its equipment upgrades, interior updates, or exterior projects, there may come a time that you’ll need to make renovations. Without making these updates, you could put your business at risk, so consider using your loan for this area.

Taxes:

It can be challenging to pay taxes while keeping your business up-and-running. Luckily, if you have a loan, you’ll be able to pay your taxes without taking away funds from your day-to-day operations.

Get a Quick & Safe Small Business Loan

Fora Financial can provide loans up to $500,000 in as little as 72 hours from approval.