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SMALL BUSINESS LOANS REVIEWS
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Fora Financial Small Business Loans: 2025 Review

Written by
David McMillin
Edited by
Rob Watts

Updated Mar 06, 2025

At a glance

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4.4
Rating: 4.4 stars out of 5
Bankrate Score
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Accessibility
Rating: 4.9 stars out of 5
Affordability
Rating: 4.2 stars out of 5
Customer experience
Rating: 4.1 stars out of 5
Transparency
Rating: 4 stars out of 5
Flexibility
Rating: 4 stars out of 5
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Overview

Founded in 2008, Fora Financial specializes in short-term financing from everything from term loans to revenue advances to business lines of credit and more. Its loans are accessible to business owners with poor credit, though your business needs established revenue to qualify.

Lender Details

  • Money Bag Icon

    Loan amount

    $5,000-$1.5 million

  • Rates Icon

    Interest rate

    Not stated

  • Clock Wait Icon

    Term lengths

    Up to 24 months

  • Dollar Icon

    Min. annual revenue

    $240,000

  • Briefcase Icon

    Min. time in business

    6 months

Who Fora Financial is best for

With a minimum credit score requirement of just 570, Fora Financial is a good fit if your credit isn’t perfect. The company is also a great option for business owners looking for a fast business loan: Fora Financial business loans can be approved in as little as four hours and disburse funds within 72 hours.

Who Fora Financial may not be best for

If you’re looking for a long-term business loan, you’ll need to look elsewhere. Fora Financial’s repayment periods only stretch up to 24 months. You may also be able to score a more affordable interest rate with another bank lender. While Fora Financial doesn’t disclose its interest rates, online lenders often charge more than bank lenders to offset the convenience of their streamlined approvals and fast funding.

Fora Financial: in the details

Loan amount
$5,000-$1.5 million
Interest rate
Not stated
Term lengths
Up to 24 months
Fastest funding
1 business day
Min. annual revenue
$240,000
Min. time in business
6 months
Personal credit score
570

Fora Financial pros and cons

Pros

  • Checkmark Icon

    Fast approval and funding

  • Checkmark Icon

    Minimum FICO score of 570

  • Checkmark Icon

    Potential savings for early payback

Cons

  • Short repayment periods up to 24 months

  • Potential daily or weekly repayments

Business loan types offered

Fora Financial offers short-term financing options that include small business loans and revenue advances, and through its partners it also offers lines of credit, accounts receivable financing, invoice factoring and SBA loans. 

Loan quick facts

  • Amounts: Up to $1.5 million
  • Terms: Up to 18 months
  • Factor rate: Not stated

Fora Financial small business loan overview

Fora Financial’s small business loans are all designed for short-term capital needs. While some lenders offer business loans with much longer terms, with Fora you’ll need a fairly aggressive repayment plan. However, you won’t have to offer any collateral in exchange for the funds. Plus, once you have paid back 60 percent of the original amount, you’ll be eligible to borrow more money.

Loan quick facts

  • Amounts: Up to $1.5 million
  • Terms: No fixed terms
  • Factor rate: Not stated

Fora Financial revenue advance overview

Fora Financial’s revenue advance program will let you borrow money in exchange for paying back the company via a percentage of your daily or weekly earnings. Many other lenders refer to this kind of borrowing structure as a merchant cash advance. Otherwise, the requirements for eligibility are the same as a traditional small business loan with the company.

Loan quick facts

  • Amounts: $5,000 to $1.5 million
  • Terms: 12 to 24 months
  • Factor rate: Not stated

Fora Financial business line of credit overview

Fora Financial’s business line of credit offers a small amount of funding up to $100,000 that you can withdraw from anytime you need it. You only pay interest on the amount you withdraw, and the credit limit replenishes as you pay back the loan. You’ll make payments in weekly or monthly installments, and you can choose from, 12-, 18- or 24-month terms.

Loan quick facts

  • Amounts: Up to $5 million
  • Terms: 10 to 25 years
  • Factor rate: 10.50% to 15.50%

Fora Financial SBA loan overview

You don’t see SBA loans offered through many online lenders, but Fora Financial is one of them (through partners). SBA loans offer you a government-backed option that you can apply for if you can’t qualify for traditional business loans. These loans come with competitive interest rates and repayment terms, though they’re tough to qualify for due to their competitive terms. 

Loan quick facts

  • Amounts: Not stated
  • Terms: Not stated 
  • Factor rate: Not stated

Fora Financial equipment financing overview

Get funding to buy equipment, make repairs or enter an equipment lease to rent equipment that your business needs. Equipment loans are backed by the equipment being purchased as collateral, so there’s no need for additional collateral. Since the loan is secured, you may be eligible for lower interest rates than unsecured loans.

Loan quick facts

  • Amounts: Not stated
  • Terms: Not stated 
  • Factor rate: Not stated

Fora Financial accounts receivable financing overview

Accounts receivable financing allows you to secure funding from your unpaid invoices, often up to 90 percent. This type of financing helps you get an advance on cash that you can use for operational expenses while you’re waiting for the invoices to be paid. Unfortunately, factoring fees can be high and may go up the longer a client doesn’t pay.

Do you qualify? 

The qualification standards for Fora Financial are fairly straightforward. The company works with companies involved in a wide range of industries — automotive, construction, restaurants and more – and there is no disclaimer regarding restrictions for certain types of industries. Fora Financial’s minimum requirements include:

  • In business for at least 6 months
  • Have at least $240,000 Annually in gross sales
  • Minimum FICO credit score of 570
  • No open bankruptcies

What we like and what we don’t like

Fora Financial’s business model is appealing if you need access to capital and you’re in a time crunch. However, there are drawbacks to consider, too. Think carefully about what your business needs to grow — and how much you’re willing to pay to make your dreams a reality.

What we like

  • Fast approval and funding: If your business needs cash quickly, Fora Financial’s super-speedy application process is a big win. The company can approve and issue funds in 24 to 72 hours.
  • Low minimum credit score requirement: Many traditional lenders might turn away applicants with less-than-perfect credit, but Fora Financial will consider scores as low as 570.
  • Prepayment discount: If you can accelerate your payoff plan, you can save some cash. 

What we don't like 

  • Short repayment terms: You’re going to need to pay back your funds fast with Fora Financial, which can translate to fairly sizable installments.
  • Aggressive repayment schedule. You may need to repay the loan in daily or weekly installments, depending on the type of loan you get, such as the revenue advance. However, some loans may offer monthly payments.

How Fora Financial compares to other lenders

Fora Financial is best known for its fast funding process and flexible lending requirements, making it a suitable option for businesses in need of immediate cash. The lender specializes in short-term business loans, offering loan sizes from $5,000 to $1.5 million, with terms up to 24 months. 

Lending requirements include six months in business and $20,000 in revenue monthly.  Additionally, they are willing to work with bad credit borrowers with personal credit scores as low as 570. Here’s a look at how Fora compares to two other online lenders.

Rating: 4.4 stars out of 5
4.4

Bankrate Score

  • Loan amount

    $5,000-$1.5 million

  • Interest rate

    Not stated

  • Term lengths

    Up to 24 months

  • Min. time in business

    6 months

  • Min. business annual revenue

    $240,000

Rating: 4.5 stars out of 5
4.5

Bankrate Score

  • Loan amount

    $5,000-$10 million

  • Interest rate

    1.11 Factor rate

  • Term lengths

    3 months-10 years

  • Min. time in business

    6 months

  • Min. business annual revenue

    $180,000

Read our review Arrow Right Icon

on Bankrate

Rating: 4.1 stars out of 5
4.1

Bankrate Score

  • Loan amount

    $10,000-$10 million

  • Interest rate

    N/A

  • Term lengths

    6-24 months

  • Min. time in business

    6 months

  • Min. business annual revenue

    $600,000

Read our review

on Bankrate

Fora Financial vs. Credibly

Fora Financial and Credibly offer business financing options that cater to businesses with bad credit in need of short-term financing. Credibly's range of loan products includes working capital loans, merchant cash advances, business lines of credit and SBA loans. Loans may be funded in as little as 24 hours. These options are on par with Fora Financial, which now offers revenue advances, term loans, lines of credit, SBA loans and more. Credibly does cater to a lower credit score of 500 compared to Fora Financial’s 570 credit score required.

Most of Credibly's loans offer three to 24-month terms and $5,000 to $600,000 limits. Credibly does offer a long-term loan with loan amounts of up to $10 million and repayment terms up to 10 years. But you would need at least a 700 FICO score, two years in business and $500,000 in annual revenue to qualify for the long-term loan. 

Credibly might be the best option for borrowers with the lowest credit scores, while Fora Financial works well for business owners looking to borrow high amounts up to $1.5 million.

Fora Financial vs. Uncapped

Fora Financial and Uncapped offer short-term, revenue-based business lending solutions. Fora Financial excels at serving bad credit borrowers preferring loan sizes from $5,000 to $1.5 million. The lender requires at least $240,000 in annual revenue, a 570 credit score and six months in business. While a revenue advance is an option, Fora Financial also offers small business loans, lines of credit, SBA loans and equipment loans, while Uncapped sticks with its specialized revenue-based financing options. 

Uncapped provides higher loan sizes ranging from $10,000 to $10 million. The lender doesn’t have a credit score requirement, and you only need six months in business. But Uncapped targets high-earning online-based businesses. You’ll need a high $1.2 million in annual revenue to qualify. The exception is if you’re an Amazon seller, in which case you need just $120,000 in annual revenue. 

How to apply for a loan with Fora Financial

Applying online for a loan with Fora Financial is simple. You’ll need to complete a one-page online application and share the last three bank statements from your business. Additionally, you’ll need to share your Social Security Number. After you submit your application, you’ll get a call from Fora Financial to further discuss your business’s needs.

Your initial application requires only a soft credit check that will not impact your credit. Once approved, Fora Financial then conducts a full credit check before issuing funds.

To speak with a representative from Fora Financial about the application process, call 877-419-3568 or email sales@forafinancial.com. 

Fora Financial frequently asked questions

How Bankrate rates Fora Financial

Overall Score 4.4
Accessibility 4.9 Flexible amounts and low minimum credit score and time-in-business requirements give Fora a near-perfect score.
Affordability 4.2 Two fees and a fairly high maximum factor rate bring this score down.
Transparency 4.0 Minimum qualifications for loans are clearly listed; however, Fora doesn't report payments to credit bureaus.
Customer experience 4.1 Customers can fill out an application and manage their loans online.
Flexibility 4.0 Fora Financial offers multiple loan types and the ability to apply for extra funds.

Methodology

Clock Wait Icon
47
years in business
Credit Card Search Icon
30+
lenders reviewed
Loan Icon
22
loan features weighed
Rates Icon
770+
data points collected

To select the top small business lenders, Bankrate considers more than 20 factors. These factors include loan amounts, approval and funding times, credit requirements, APR or factor rate ranges, fees, and easy-to-find rate and fee disclosures. Bankrate reviewed more than 30 lenders and gave each a rating, which consists of five categories:

  • Accessibility: Factors considered in this category include minimum loan amounts, approval and funding speed, minimum annual revenue and minimum credit score.
  • Affordability: This section measures interest or factor rates and fees.
  • Transparency: How easy it is to find important rates, fees and eligibility requirements are considered in this category.
  • Customer experience: Customer service hours, online applications and app availability are considered in this category.
  • Flexibility: This category considers factors like the number of loan products and ability to change payment due date.

Editorial disclosure: All reviews are prepared by Bankrate.com staff. Opinions expressed therein are solely those of the reviewer and have not been reviewed or approved by any advertiser. The information, including rates and fees, presented in the review is accurate as of the date of the review. Check the data at the top of this page and the lender’s website for the most current information.

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