Forward Financing Announces $250 Million Credit Facility to Support Long-Term Growth


BOSTON, June 7, 2021 / PRNewswire / - Forward Financing, a national provider of revenue-based small business finance, announced that it has: a $ 250 million Credit facility maintained by one of the company's current financiers.

Forward-Financing-Announces-250-Million-Credit-Facility-to-Support-Long-Term.jpg Forward funding

"This is a huge win for our business and testament to our very strong financial performance in this difficult past year," said Eugene Wong, Vice President Strategy and Finance. "The increased facility gives us the flexible capital we need to grow and expand so we can help the small business economy recover on the other side of the COVID pandemic."

Forward Financing provides working capital to underserved small businesses nationwide, many of whom do not have the opportunity to obtain traditional financing such as a bank loan. Forward Financing is dedicated to providing world-class customer service and was recently recognized by the American Business Awards for Best Customer Service Department of the Year. During the COVID-19 pandemic, Forward worked with thousands of customers to reduce or suspend their payments while grappling with government shutdown orders, capacity constraints, and decreased customer traffic.

Despite the challenges of 2020, the Boston Business Journal has Forward Financing on its annual list of the 50 Fastest Growing Private Firms in recorded Massachusetts for the fifth time in a row. Earlier this year, Forward announced that it had been surpassed $ 1 billion in financing over 26,000 customers since its inception in 2012.

Forward Financing plans to use the latest financing to continue its strong growth trajectory. The company recently saw nearly 60% growth and plans to double the workforce in 2021.

About forward funding
Forward funding is a Boston-based financial technology company providing fast, flexible working capital to small businesses across the country. Forwards' dedicated account managers and advanced proprietary technologies help customers spend less time raising capital and more time growing their business. With a simple online application, business owners can be confident that Forward Financing will get them approvals in minutes, funding in hours, and personalized support when they need it most.

The company is rated A + by the Better Business Bureau and rated "Excellent / 4.9 stars" on Trustpilot.com. Forward Financing was named Best Place to Work by both the Boston Business Journal and Built In Boston, and was named one of by both Inc. Magazine and the Boston Business Journal Massachusetts' Companies that have grown fastest every year since 2017. Forward Financing is committed to helping more small business owners succeed and reach their full potential. To learn more, visit www.forwardfinancing.com.

Media contact
Lauren Groccia

617-379-6289

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SOURCE Forward Funding

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