Small Business Loans to Fit Your Needs
Benefits of a Small Business Loan:
- Working capital from $5K – $500K
- Terms up to 18 months
- Flexible Payments
- Early payoff discounts
- No personal guarantee
- 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 18 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 12,000 business owners have chosen us!
Preparing Your Small Business Application
Prior to submitting your application, it is important to consider the documents you’ll need to compile. We require your business’s three most recent bank statements and our one-page application to get started. Depending on other factors, we may request a month-to-date bank statement, tax returns, P&L and balance sheet.
Once approved, we ask for your driver’s license, a void check and proof of ownership of the business. This way, we’re able to verify that you’re a business owner and that you are eligible for financing!
In order to supply businesses with financing as soon as possible, we aim to make our application process as simple and stress-free.
Business Loan 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 3 months before we will provide them with financing. This is to ensure you have gotten your business off the ground and have a use for the capital and can responsibly handle the payments.
Businesses do not qualify for our products if they make less than $10,000 a month in gross sales. This prerequisite stands because we do not want to provide financing to a business that won’t be able to responsibly repay their loan, while still running their business. If you make less than $10,000 in gross sales, we encourage you to aim to increase this number, and apply with us again later.
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.