Forward Financing, a national provider of revenue-based financing to small businesses, increased its existing $250 million credit facility to $450 million.

“This significant expansion of our credit facility is an exciting step towards continued growth and our ability to fund more small businesses across the country,” Christopher Chiou, chief financial officer of Forward Financing, said. “It speaks to our strong financial performance and will help secure our position as a leader in the revenue-based financing industry.”

Forward Financing plans to use this additional capital towards continued funding volume growth and supporting more small businesses in need of working capital.