Lender review
Fora Financial Business Loans, Reviewed
A veteran short term lender built for speed, with a 570 credit score minimum and funding in as little as 24 hours for qualified businesses.
Lender review
A veteran short term lender built for speed, with a 570 credit score minimum and funding in as little as 24 hours for qualified businesses.
Fora Financial has funded more than 55,000 small businesses since 2008 and holds an A+ rating with the Better Business Bureau. It keeps its core lineup to two products, a short term business loan and a revenue advance, both reachable with a credit score as low as 570. That accessibility comes with a real tradeoff, since Fora does not disclose its rates upfront and requires a steep $240,000 in annual revenue to qualify.
Fora Financial directly funds two products, a short term business loan and a revenue advance, both reachable with a 570 credit score and evaluated through a single online application.
What sets Fora Financial apart is how far it will go on credit score. Most established lenders in this tier ask for 625 or higher; Fora Financial works with scores as low as 570, leaning instead on your business’s monthly revenue and cash flow to make the call.
Prequalify in minutes without affecting your credit score.
Exact rates and loan amounts vary by product and by applicant; see the product breakdown below for details on each one.
Fora Financial keeps its own lineup to two products, both reachable through one application, with SBA loans, equipment financing, and a line of credit available through its partner network.
| Small business loan | A lump sum from $5,000 to $1.5 million, repaid on a fixed daily or weekly schedule over up to 24 months. No collateral required, and prepaying early earns a discount. |
| Revenue advance | A fixed percentage of daily or weekly gross receipts up to $1.5 million, which flexes down automatically during slower sales periods. |
Rate, term, and amount figures are set per applicant during underwriting.
Fora Financial trades a low credit bar for a high revenue bar, then moves fast once both are met.
Fora Financial asks for a personal FICO score of 570 or higher, one of the more accessible minimums among established lenders on this network. A higher score still helps you land a better rate.
A business needs at least 6 months of operating history to qualify, well short of the one to two years most banks require.
Fora Financial looks for at least $240,000 in annual revenue, or roughly $20,000 a month, verified through recent business bank statements. This is the requirement most newer or smaller businesses will not clear.
Businesses with an open bankruptcy on record will not qualify, though a discharged bankruptcy does not automatically disqualify an application.
The application runs online and takes minutes, with a Capital Specialist following up by phone to walk through your funding request.
Submit the online application in a few minutes. A Capital Specialist will call to discuss your funding request.
Receive your approval status in as little as 4 hours once all documentation is submitted.
Get a lump sum or your revenue advance as soon as 24 hours after accepting your offer.
A 570 credit score minimum opens the door to businesses that most established lenders would decline outright.
Approval can land in as little as 4 hours, with funds in your account within 24 hours of accepting an offer.
Neither the small business loan nor the revenue advance requires you to pledge a specific asset.
Fora Financial offers a prepayment discount rather than charging a penalty, a rare structure among short term lenders.
Since 2008 Fora Financial has funded more than 55,000 businesses and distributed over $5 billion, backing its A+ BBB rating with real volume.
Fora Financial prices with a factor rate rather than a published APR, so you will not know your exact cost until you have an offer in hand.
The $240,000 annual revenue minimum is high for a lender this accessible on credit score, and rules out many newer or smaller businesses.
Daily or weekly automatic debits can be difficult to manage for businesses with inconsistent cash flow.
Yes. Fora Financial funds its small business loans and revenue advances directly, and has distributed more than $5 billion since 2008.
Fora Financial asks for a personal credit score of 570 or higher, one of the lower minimums among established lenders on this network.
Approval decisions can come in as little as 4 hours, with funds arriving in your account in as little as 24 hours after you accept an offer.
Fora Financial directly funds a short term small business loan and a revenue advance, both up to $1.5 million, and connects businesses to partner lenders for SBA loans and equipment financing.
Fora Financial looks for at least 6 months in business, at least $240,000 in annual revenue, a personal credit score of 570 or higher, and no open bankruptcies.
Fora Financial does not publish its rates. Pricing is set as a factor rate once you have an offer, so it is worth comparing the total repayment amount against other lenders before accepting.
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