Last Updated: 06/21/2025
Cast Your Vote
Compare All Business Loans
Filter & compare all your options in one place.
Highlights
Amount Range
$5,000 - $300,000
APR (Fixed APR)
10% - 200%(Verified 06/21/2024)
Disclaimer popup with additional information
Loan Term (Months)
4 - 12
Forward Financing Review
Forward financing is a business financing offering by Forward Financing LLC, based in Boston, MA. Founded in 2012, Forward Financing LLC offers access to small business loans in 50 states (and Washington, DC).
Forward financing FAQ
What are Forward financing rates?
Forward financing offers a fixed APR business financing product that ranges from 10% APR up to 200% APR.
Does Forward financing charge an origination fee?
Yes, Forward financing charges a loan origination fee of $300 to $995
Does Forward financing charge prepayment fees?
Yes, Forward financing may charge additional fees to borrowers who pay off their small business loans sooner than anticipated. Take this into consideration when choosing a business loan product because prepayment penalties can reduce or even cancel the interest savings of repaying a business loan early.How much can you borrow from Forward financing?
Business loan amounts start at $5,000 and go up to $300,000.
What is the maximum business loan term you can get with Forward financing?
Forward financing offers small business loans with terms ranging from 4 to 12 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 Forward Financing?
Forward Financing requires companies to be in business for at least 3 months. Businesses must have a minimum annual revenue of $150,000 to be considered.
Applicants with a credit score of at least 500 and up to 850 may be eligible for Forward Financing. U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Forward Financing.
To qualify, applicants may need to provide the following documentation:
- Proof of income
- Proof of identity
- Proof of citizenship or residence permit
What is the estimated funding time for a business loan via Forward financing?
Forward financing can fund small business loans within 1 business day.
Does Forward Financing LLC perform a hard credit pull?
Yes, Forward financing 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.
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
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.