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.
Fora Financial has closed a $70 million issuance of notes and a $50 million three-year credit facility, increasing the company’s committed borrowing capacity to $120 million.
Fora Financial, a provider of working capital solutions to small- and medium-sized businesses, acquired a significant stake in US Business Funding, a provider of equipment financing and small business loans.
Fora Financial reached the milestone of providing more than $500 million of working capital to more than 10,000 customers across the country.
Fora Financial closed a $52.5 million senior revolving credit facility with a bank group led by AloStar Capital Financing serving as sole lead arranger and administrative agent.