NEW YORK, April 3, 2025 /PRNewswire/ — Fora Financial, a leading provider of flexible financing to small and medium-sized businesses, today announced the closing of $16 million in new unsecured corporate notes, rated investment grade by Egan-Jones Ratings Company. The Company also extended the maturity of its existing $10 million of unsecured corporate notes originally issued in September 2023.
This latest transaction expands Fora Financial’s total debt facilities to over $350 million. Proceeds from the note issuance will further strengthen the company’s balance sheet, supporting future origination growth, product expansion, and other key operational initiatives.
Brean Capital, LLC served as the company’s exclusive financial advisor and sole placement agent.
“After a successful 2024 in which we closed our two largest ever debt transactions, this new note issuance reaffirms the capital markets’ confidence in Fora Financial’s ability to successfully execute on our mission to be a leading provider of financing to SMBs in need of capital,” said Andrew Gutman, Chief Financial Officer of Fora Financial. “This attractive, longer-maturity debt capital further enhances the company’s overall financial flexibility, giving us optionality as we strive to meet the needs of businesses during a time of ongoing economic uncertainty amid concerns of sticky inflation and a looming recession.”
“This transaction underscores the strength of our business model and the trust we’ve built with investors over time,” added Jared Feldman, CEO and Co-Founder of Fora Financial. “It reflects the depth of our team’s execution, the quality of our customer base, and the resilience of our platform. As we continue to scale, this capital provides us with the flexibility to invest in innovation, expand our offerings, and further our mission of empowering small businesses to grow—especially in today’s dynamic economic environment.”
Since 2008, Fora Financial has provided over $4 billion in financing to more than 55,000 businesses across the U.S., helping entrepreneurs access the capital they need to grow, hire, and thrive.
About Fora Financial
Founded in 2008, Fora Financial offers flexible and timely financing solutions to small and medium-sized businesses across a diverse range of industries. With a focus on customer service and long-term relationships, Fora Financial has provided over $4 billion in working capital to more than 55,000 businesses nationwide. The company is headquartered in New York, NY. For more information, visit www.forafinancial.com.
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SOURCE Fora Financial
