Forward Financing Review: What You Should Know Before Taking Out A Loan
Forward Financing is a Boston-based financial technology company that provides working capital to small businesses. According to the company website, forwardfinancing.com, the company’s services are available to businesses in more than 700 industries, in every state across the U.S. They can be reached at 888-244-9099 and are headquartered at 53 State St 20th Floor, Boston, MA 02109.
Forward Financing Pros and Cons
Unitedcapitalsource.com conducted a review on Forward Financing. According to this review Forward Financing has a quick turnaround time on getting funds, a fast and easy application process and low origination fees. On a negative note, Forward Financing is known to have high fees and short repayment terms and the minimum revenue requirement could exclude some businesses. This information was obtained on September 5, 2023.
Forward Financing Cost
According to the same review conducted by unitedcapitalsource.com, rates for Forward Financing run high compared to some competitors. They charge a fixed fee, known as a factor rate, between 1.3-1.5. In addition to this fixed fee, Forward Financing charges origination fees on their financing products. Information from this review was obtained on September 5, 2023.
BBB: Forward Financing Review
The Better Business Bureau is a nonprofit organization that collects and provides free business reviews to consumers and businesses in the US and Canada. You can visit the Better Business Bureau website to view the full Forward Financing review. As of September 5, 2023, Forward Financing received a 4.73 out of 5 stars for a total of 81 customer reviews.
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