Fora Financial Surpasses $4B in Capital Provided to Small Businesses

Fora Financial, a provider of short-term financing to the small business community, has surpassed $4 billion in capital provided to more than 55,000 small businesses since its inception in 2008. The company achieved this milestone on the heels of a company-record-setting 2023, in which it supplied the nation’s small businesses with more than $500 million in financing.

“In a year of challenging economic conditions when small business confidence levels fell to historical lows, the Fora Financial team took great pride in expanding our support for the SMB community,” Andrew Gutman, chief operating officer of Fora Financial, said.

After achieving this significant milestone, Fora Financial has continued its momentum entering 2024. In January, the company deployed more capital than in any previous month in its history. “This record-setting month further solidifies our dedication to supporting the SMB community amidst economic uncertainty,” Gutman said. “Our broad sales relationships, diversified capital base and deep funding experience enable us to continue financing small businesses through the ups and downs of the economic cycle.”

Like this story? Begin each business day with news you need to know! Click here to register now for our FREE Daily E-News Broadcast and start YOUR day informed!

Leave a comment

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
[email protected]
Susie Angelucci
Advertising: 484.459.3016
[email protected]

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.