Fora Financial, a provider of short-term financing to the small business community, has surpassed $4 billion in capital provided to more than 55,000 small businesses since its inception in 2008.
Fora Financial closed a $130 million revolving credit facility and $10 million investment-grade rated corporate note. Truist Bank will serve as senior lender for the credit facility, joined by Castlelake as participating lender.
Fora Financial closed a $100 million revolving credit facility with Credit Suisse and Hudson Cove Capital Management. Sector Financial provided access to the debt facility, which will give Fora Financial up to $150 million of borrowing capacity over the next two years.