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Fora Financial

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Rating

4.9/5

Fora Financial

Pros

  • Quick funding for low-credit borrowers: Fora Financial approves loans for credit scores as low as 570, with decisions in around 4 hours and funds available within 24-72 hours

  • High maximum loan amount: Businesses can borrow up to $1.5 million,

  • Early payoff discount available: Fora Financial offers a discount for prepaying loans

Cons

  • Expensive origination fee: Fora Financial charges an origination fee of 2.5% for term loans and 3% for revenue advances

  • Factor rate pricing model: The use of factor rates instead of traditional interest rates makes it difficult to compare Fora Financial's costs

  • Short repayment terms: With a maximum term of 18 months

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Fora Financial

Logo

Rating

4.9/5
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