Forward Financing
Forward Financing provides revenue-based financing to small businesses, offering funding from $5,000 to $300,000 with payments based on a percentage of revenue. Founded in 2012 and headquartered in Boston, the company has helped over 58,000 businesses across 700 industries in the U.S., using advanced technology for quick funding decisions and transfers.
Services
Forward Financing provides revenue-based financing to small businesses. The company offers funding amounts ranging from $5,000 to $300,000, with payments based on a percentage of the business's revenue. Interest never accrues on these financing arrangements. By utilizing advanced proprietary technology and data analytics, Forward Financing makes decisions on funding applications typically within hours, often transferring funds the same day. The company also provides a customer portal for self-service account management and has a dedicated Account Servicing team to assist with payment modifications and other support needs.
History
Forward Financing was founded in 2012 and is headquartered at 53 State Street, 20th Floor, Boston, MA 02109. The company quickly became a significant player in the revenue-based financing sector, achieving the milestone of providing $1 billion in funding to small businesses by 2020. Over the years, Forward Financing has helped over 58,000 small businesses access capital in more than 700 industries across the U.S.
Recognition and Awards
Forward Financing has garnered significant recognition for its efforts and achievements. The company has been named a Top Place to Work by the Boston Globe for multiple years and recognized by Built In Boston as a Best Place to Work. Additionally, Forward Financing holds an A+ rating from the Better Business Bureau and has been certified as a Great Place to Work®. The firm also received three Silver Stevie® Awards in The 22nd Annual American Business Awards® for Diversity and Inclusion, Corporate Social Responsibility, and Customer Service Department of the Year.
Corporate Social Responsibility
Forward Financing is committed to corporate social responsibility, partnering with the Initiative for a Competitive Inner City (ICIC) to offer tuition-free executive education programs to its small business customers. The company encourages employee participation in volunteer activities by providing paid volunteer days and donation matching opportunities. This commitment extends to a flexible workplace environment that includes options for remote work.
Customer Commitment
Forward Financing is dedicated to providing a seamless experience for its customers. The company offers a simple application process requiring minimal documentation and strives to make funding decisions quickly, often within hours. To further support customer needs, Forward Financing has established a dedicated Account Servicing team to assist with payment modifications. The company's customer portal allows businesses to manage their accounts independently. Such initiatives have underpinned Forward Financing's strong reputation for customer service.