Fora Financial Surpasses $4 Billion+ in Capital Provided to America’s Small Businesses
NEW YORK, FEBRUARY 14, 2024 – Fora Financial, a leading provider of short-term financing to the SMB community, announces that it 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 record-setting 2023, in which it supplied the nation’s small businesses with over half a billion dollars of flexible 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,” said Andrew Gutman, Fora Financial’s Chief Operating Officer.
After achieving this significant milestone, Fora Financial has continued its impressive 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," remarks Gutman. "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."
As the SMB community continues to navigate through the challenges ahead, Fora Financial remains steadfast in its mission to provide essential financial support to small businesses across America.
For more information, please contact Elissa Feldman 212.947.1000, at Fora Financial.
About Fora Financial
Founded in 2008, Fora Financial has provided more than $4 billion of financing to more than 55,000 small businesses. It offers fast, personalized small business loans and revenue advances, supported by a cutting-edge technology platform, one-on-one customer service, and total transparency. The firm employs more than 140 people at its New York headquarters and Miami office.
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