Last Updated: 03/20/2026
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Highlights
Community Rating
Strongly recommended
Amount Range
$5,000 - $1,500,000
APR (Fixed APR)
10% - 50%(Verified 11/16/2024)
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Loan Term (Months)
6 - 18
Number of Reviews
Fora Financial Business Loans Review
Fora financial is a business financing offering by Fora Financial, based in New York, NY. Founded in 2008, Fora Financial offers access to small business loans in 50 states (and Washington, DC).
Fora financial FAQ
What are Fora financial rates?
Fora financial offers a fixed APR business financing product that ranges from 10% APR up to 50% APR.
Does Fora financial charge an origination fee?
Yes, Fora financial charges a loan origination fee of 2% of the business loan amount . Fora financial deducts the fee directly from your business loan amount before disbursing loan proceeds, so make sure you take this fee into account when deciding how much you need to borrow.
Does Fora financial charge prepayment fees?
No, Fora financial does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the business loan off early.
How much can you borrow from Fora financial?
Business loan amounts start at $5,000 and go up to $1,500,000.
What is the maximum business loan term you can get with Fora financial?
Fora financial offers small business loans with terms ranging from 6 to 18 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.
What do you need to qualify for Fora Financial Business Loans?
Fora Financial Business Loans requires companies to be in business for at least 12 months. Businesses must have a minimum annual revenue of $300,000 to be considered.
Applicants with a credit score of at least 600 and up to 850 may be eligible for Fora Financial Business Loans. U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Fora Financial Business Loans.
To qualify, applicants may need to provide the following documentation:
- Bank account information
- Driver's license or other government photo ID
What is the estimated funding time for a business loan via Fora financial?
Fora financial can fund small business loans within 5 business days.
Does Fora Financial perform a hard credit pull?
Yes, Fora financial performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.
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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.
