Noting it has funded more than 10,000 business owners, Forward Financing promotes a fast application process.
If you have all the requirements and other necessary information with you, you’ll be able to apply in minutes. Be prepared to upload at least three of your most recent bank statements. Have your Social Security number, business name and employer identification number (EIN), also known as a tax ID, handy. Remember, your credit score isn’t an issue with your application.
Here’s more info from our experts to help your small business thrive.
After submitting your application, you can expect to hear from the company within hours. If you’ve applied after 3 p.m. Eastern Standard Time, you’ll be contacted the next business day. (Note: There is an option for wire transfer if you need the money immediately, but you must pay a fee.)
If approved, you’ll be presented with one or more lending plans. Select a plan with terms and conditions that are suited for your business. Once you’ve selected, you’ll get your funds. If you started the process early in the day, your funds can be released on the same day. If not, you’ll receive it within 24 hours.
After Receiving Financing
Once you’ve received your funds, the company will assign an account executive to you. The representative will help you with any concerns you may have. This person will also notify you when you’re eligible for renewal when you’ve repaid 60% to 80% of your current loan.
You can use the online portal to monitor your records like your outstanding balance, payment history and renewal eligibility.
(Note: An upfront processing fee will be deducted from your funds once you receive them.)