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Fora Financial Reviews


bestfor-icon Businesses With Poor to Fair Credit

Written by Lauren Le-Hair

About Fora Financial | Read More


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Opening Hours Opening Hours drop-down-btn
Mon-Fri 9am-7pm
Sat-Sun Closed
Contact Information Contact Information drop-down-btn
  • customerservice@forafinancial.com
  • (877) 419-3568
  • 1385 Broadway, 15th Floor, New York, NY 10018
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Fora Financial Business Loans Review

Fora Financial offer customers two types of business loans. Small Business Loans operate in a conventional manner where you will receive funds in advance and make ongoing cash repayments against the loan. Merchant Cash Advances offer a cash loan upfront in return for an agreed percentage of all credit card sales until the loan plus interest is repaid. Fora Financial loans are short-term, with the longest term available being 18 months.

Fora Financial loans take as little as 4 hours to approve and 72 hours to fund. This timeframe is significantly quicker than bank financing, but many other companies also offer same-day funding. Fora Financial also considers more than just your credit score when you apply. Full details of Fora Financial loans are shown below.

Fora Financial Business Loans Highlight


Min Credit Score

Min 1.1%

APR. Fixed Rate


Loan Amount

Up to 18 months

Repayment terms


Soft Credit Pull


Lender Type


Other Fees


Origination Fee


Prepayment Fee

72 Hours

Funding Time


Annual Revenue

6+ Months

Time in Business

Pros & Cons

  • con-icon Successful applications receive funding in less than 72 hours
  • con-icon Discounts available for early repayment of loans
  • con-icon Low credit threshold for loan eligibility
  • con-icon Good customer service and A+ BBB rating
  • con-icon Uses factor rating instead of APR, which makes comparing with other loan offers difficult
  • con-icon Only short-term loans are available

Business Loan Types

  • Business Term Loan
  • Short-Term Business Loan
  • Merchant Cash Advances

Fora Financial Business Loans Terms & Requirements

Fora Financial offers two types of loans; Small Business Loans and Merchant Cash Advances. While a business loan from Fora Financial has less strict requirements than many business loan providers, there are still some criteria that you’ll need to meet to be eligible for consideration.

Small Business Loan

Fora Financial provides small business loans of between $5,000 and $1,500,000. There are no restrictions on use, and the maximum loan term is 18 months. A huge perk of a small business loan from Fora Financial is that if you repay the term early, you receive a discount. This bonus is very uncommon for a small business loan. You do not need to provide collateral to be eligible for a small business loan. Requirements for a Fora Financial Small Business Loan are:

  • At least 6 months of operating
  • No open or dismissed bankruptcies within the past 12 months
  • At least $20,000 in monthly revenue

Fora Financial uses factor rates instead of APR when calculating the total amount repayable. A factor rate is shown as a decimal instead of a percentage, with factor rates usually between 1.1 and 1.8. To determine how much you have to repay, multiply the borrowed amount by the factor rate. This differs from APR as APR is always shown as an annualized amount.

How to Apply

We found the application process to be straightforward via Fora Financial’s excellent website. We selected “Get a Free Quote” from the homepage, with the whole process taking just a few minutes.

We initially had to enter basic details, including name, address, business name, email address, phone number, and annual sales levels.

After completing these details, we finished the initial process. We received a notification saying that a capital specialist would contact us within 24 hours.

Well within the 24-hour waiting period, we received a call back from Fora Financial. The company’s capital specialist talked us through the process and wanted to learn more about our business and our needs. During this process, Fora Financial requested multiple documents to be sent over, including bank statements, credit card statements, and a completed application form.

This information was processed quickly. We were then made aware that our application was successful in less than 24 hours.

Thanks to the knowledgeable and helpful credit specialist who walked us through the process, the application process was easy.

Required Information

To apply for funding from Fora Financial, you will need to provide the following documentation:

  • Proof of your ID (passport, driver’s license)
  • Proof of business ownership
  • Submitted tax returns
  • *3 months’ most recent bank statements
  • Three most recent credit card statements
  • Up-to-date balance sheet
  • Up-to-date profit and loss account
  • Completed application form

*4 months required for states with disclosure laws

Application Steps & Time Frames

The online part of the application process was quick, taking us less than five minutes. Within 24 hours, we had a call back that lasted 30 minutes. After we’d submitted all relevant documentation, we had a decision on our application within 24 hours. The loan funding was provided within 72 hours after this. The process was stress-free and took less than a week from start to finish.

State Availability

- Available in all states

Written by Lauren Le-Hair linkedin-icon

As an experienced content writer, Lauren's passion for the finance sector is only exceeded by her love of writing. With years of experience writing for financial websites, she has honed her expertise and developed a deep understanding of the industry. Lauren specializes in delivering top-quality, specialized content with an expert tone of voice and a unique flair, leveraging her extensive knowledge and expertise. In addition, she holds a First Class Bachelor's degree from Staffordshire University.



How much money can I borrow?

Fora Financial offers loans between $5,000 and $1,500,000.

Is Fora Financial a direct lender or a marketplace?

Fora Financial is a direct lender, and any agreement will be through Fora Financial or one of its subsidiaries.

Customer Support

Fora Financial boasts a responsive customer service team attentive to its customers’ needs. The company’s customer support is supported by tons of positive online reviews. You can contact its customer service staff via phone, email, or by filling out an online form. Fora Financial also provides Spanish-speaking customer service alongside native English support.

We phoned its sales inquiries line to ask about business loans. The customer care agent was helpful and explained how all deals are bespoke, but they couldn’t give an accurate factor rate without knowing more about our business. The agent then set up a call later in the day to speak with an expert to help us. Full contact details for Fora Financial are shown below.

Privacy & Security

Fora Financial has an average TrustPilot score of 4.5 out of 5.  83% of customers rated the service as “Excellent”, and 11% rated it as “Great.” The company takes the time to respond to the few negative reviews with thoughtful and thorough answers.

The company also has an A+ rating with the Better Business Bureau (BBB). Fora Financial’s privacy policy states that the business loans company may share your contact information for third-party advertising. Still, you can opt out by emailing the support team at opt-out@ForaFinancial.com.

In Conclusion

Fora Financial is a long-established, trustworthy company that can provide you with short-term loan funding if you meet its criteria. The company’s factor rates are not cheap, but if you have a large level of credit card sales and are looking for a loan of 18 months or less, we recommend you give Fora Financial a try.

Brand Disclaimer

Fora Financial provides business capital, including business loans and Revenue Based Financing, directly and through a network of unaffiliated third-party funding providers. Business loans are offered by Fora Financial Business Loans LLC or, in California, by Fora Financial West LLC, a licensed California Finance Lender, License No. 603J080. Fora Financial Advance LLC offers Revenue Based Financing. Business capital is also made available through US Business Funding, a sister company of Fora Financial. The products and amounts offered vary by state.