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  ForwardLine

ForwardLine

in Business Loans from ForwardLine

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ForwardLine

Unaffiliated

in Business Loans from ForwardLine

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Highlights
Highlights
Loan Amount Up to $2,000,000
APR (Fixed APR) 10% - 26%
Loan Term (Months) 6 - 60

ForwardLine Review

Where does ForwardLine do business?

ForwardLine is a business financing offering by ForwardLine, a direct lender based in Woodland Hills, CA. Founded in 2003, ForwardLine offers access to business loans in 50 states (and Washington, DC).

What are ForwardLine’s rates?

ForwardLine offers a fixed APR business financing product that ranges from 10% APR up to 26% APR.

Does ForwardLine charge an origination fee?

Yes, ForwardLine charges a loan origination fee starting at 0% of the loan amount. ForwardLine deducts the fee directly from your loan amount before disbursing loan proceeds, so make sure you take this fee into account when deciding how much you need to borrow.

What limitations does ForwardLine set on the purpose of the loan?

ForwardLine considers loan applications for business purposes, such as:

  • Business Debt Refinance
  • Equipment Purchase
  • Lease Improvement
  • New Location
  • Product or Service Expansion
  • Working capital

What types of business loans does ForwardLine offer?

Not all business loans are made equal. The type of loan you choose will determine the range of rates and terms you receive. ForwardLine provides access to the following business loan types:

  • Unsecured term loans
  • Merchant Cash Advances

Does ForwardLine charge prepayment fees?

Yes, ForwardLine charges additional fees to borrowers who pay off their loans sooner than anticipated. Take this into consideration when choosing a lender because prepayment penalties can reduce or even cancel the interest savings of repaying a loan early.

What is the maximum loan term you can get with ForwardLine?

ForwardLine offers business loans with terms ranging from 6 to 60 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 a loan with ForwardLine?

Applicants with a credit score of at least 640 can apply for a loan via ForwardLine. ForwardLine requires companies to be in business for at least 12 months. Businesses must have a minimum annual revenue of $100,000 to be considered.

Only U.S. citizens and permanent residents can apply for a loan. To qualify, applicants may need to provide the following documentation:

  • Proof of Identity
  • Proof of Income

What is the estimated funding time for a business loan via ForwardLine?

ForwardLine can approve (or deny) a loan application within 24 hours and fund business loans within 1 business day of approval.

Does ForwardLine report loan payments to credit bureaus?

ForwardLine may report credit data to the following credit reporting agencies:

  • Equifax
  • Experian
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Contact

  • Headquarters
  •   21700 Oxnard Street, Suite 1450
    Woodland Hills, CA 91367 USA
  •   Visit Site

About ForwardLine

Availability

Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Origination Fee Starting at 0%
Credit Score Range 640 - 850
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Employment Statuses Considered
  • Self-Employed
Military Status
  • Non-Military
  • Veterans
Minimum Months in Business 12
Minimum Revenue $100,000
Verification Documents Required
  • Proof of Identity
  • Proof of Income
Loan Amount Up to $2M
Loan Term (Months) 6 - 60
APR (Fixed APR) 10% - 26%

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