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In a nutshell: Fora Financial business loans makes it easy to apply and qualify for a merchant cash advance or short term loan between $5,000 and $500,000. The lender has a straightforward online application, and businesses can receive approval in under 24 hours.



Formerly Paramount Merchant Funding, Fora Financial specializes in merchant cash advances and short term loans. The convenient online application lets businesses handle everything through the website. In under 24 hours, Fora Financial responds with a list of offers, and businesses can get approval in less than 24 hours. With Fora Financial, businesses can secure $5,000 up to $500,000 in loans. 

Customers pay for the convenience, however. Fora Financial business loans come attached with fees that can cost 10%-30% of the total loan. That can tack on $0.10 to $0.13 for every borrowed dollar.



Loan Features

One of the great things about Fora Financial is that the company has low requirements for how long a business has been in operation. That means even newer businesses who have only existed for 6 months can qualify. This policy greatly benefits startups or entrepreneurs looking for some capital to take their infant business to the next level. 

Requirements depend on the loan type. For a merchant cash advance, applicants need to earn at least $5,000 in monthly revenue. Short term loans require a $12,000 minimum in monthly gross sales and a monthly average bank balance of over $1,000.



Application Features

Fora Financial has a straightforward online application that walks you through step by step. You’ll need to indicate your estimated credit score and annual revenue. You’ll also need to provide your business name and contact information. After just a few clicks, the form is complete. You can expect an approval in under 24 hours. Fora Financial also has an option to receive their service in Spanish.



Repayment Terms

While Fora Financial offers outstanding service, customers pay for it in fees. The company could charge fees between 10%-30% of the loan,which could amount to an extra $0.10-$0.13 per dollar borrowed. In terms of repayment, businesses have the option of a 6-15 month repayment for short term loans. For merchant cash advances, businesses repay through daily deductions of card sales so terms lengths can vary.



Customer Support

Their A+ rating on the Better Business Bureau attests to the quality service you get with Fora Financial. Although their service comes with a price, customers can expect outstanding support throughout every step of the loan process. Customer service is available by phone or by filling in an online contact form.

  • No collateral required
  • 24 hour approval
  • 1-4% origination fee
  • Factor rates not disclosed
Fora Financial provides merchant cash advances and short term loans between $5K-$500K.


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Joe Schwartz

Business Loans Editor

Joe is the chief content editor of TheTop10Sites and manages a diverse team of content writers. He holds a degree in online communications and his writing has been featured in a wide range of online publications.