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feature a fixed payback schedule that helps in budget planning.
a variable-payment solution, accommodates temporary revenue dips.
by FORA FINANCIAL
5 minute read
October 15, 2019
If you own a company with your business partner, opening a joint bank account may sound like a good idea. It’s convenient, consolidates your finances, and you can both access it freely. Still, that doesn’t...
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October 10, 2019
These days, it seems any question can be answered with a simple Google search. Indeed, Google processes over 3.5 billion searches per day, from the best cup of coffee in town to where to eat...
October 9, 2019
Many people know Oregon for its diverse landscape, temperate climate, never-ending breweries, and of course – the quirky city of Portland. Oregon also boasts over 320,000 small businesses and is home to household brands like...
October 8, 2019
Whether you’ve recently opened a pawn shop, or you’ve been in business for years, it can be a good idea to pursue a business loan. Using your loan amount, you can tap into resources to get...
September 26, 2019
As a small business owner, choosing the best business credit card can be a daunting task, especially when there seems to be countless options available. One way to narrow down the list of options is...
Bank of America (BofA) is the second largest bank in the United States, with more than $2.2 trillion in assets and over 4,500 retail centers. Due to the company’s huge presence and global brand, it...
September 24, 2019
Based out of Waterbury, Connecticut, Webster Bank has branches in Massachusetts, Rhode Island, Connecticut, and New York. The bank was founded in 1935 and has over $27 billion dollars in assets. In addition, they offer four credit...
September 20, 2019
Choosing the right credit card for your business can be a daunting task. The credit card you select must fit your business needs and maximize your business potential. Ultimately, getting the most out of your...
September 13, 2019
Starting a business is challenging but doing it in the right location can help. Whether you’re launching a tech startup or opening an art gallery, Washington State offers business owners a little bit of everything....
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Fora Financial Secures New $200 Million Credit Facility, Expanding and Diversifying Capital Resources
Funding Amount: $700,000
Approval Amount: $1.1 Million
Industry: Technology / Data Services
Use of Funds: Cash Flow Liquidity
Funding Amount: $1 Million
Approval Amount: $1.2 Million
Industry: Telecommunications
Use of Funds: Expansion
Initial Funding Amount: $750,000
Add-on Opportunity: $450,000
Industry: Manufacturing
Use of Funds: Financial Stability, Growth
Funding Amount: $300,000
Approval Amount: $450,000
Industry: Manufacturing / Automation
Use of Funds: Working capital
Funding Amount: $1.4 million
Industry: Food and Beverage Franchise
Use of Funds: Expansion and Renovation
Funding Amount: $750,000
Approval Amount: $1,400,000
Industry: Organic Food Grower
Use of Funds: Cash Liquidity