Forward Financing Small Business Loans Review

Rating: 7.9 / 10 (Very good)
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Forward Financing is a Boston-based fintech company dedicated to helping small businesses obtain financing. They have a 5-star TrustPilot rating and and A+ letter grade with the BBB. Their flexible payment options offer terms between 4-12 months, with loan amounts from $5,000 to $300,000, and the possibility of renewal. Every financial package is customized with the help of their dedicated advisors.

How is Forward Financing rated?


Loan Options
Application Process
Rates & Fees

Overall Rating: 7.9 / 10 (Very good)

Forward Financing has a good reputation in a business sector that does not. High interest merchant cash advances and short term loans are often seen as predatory. However, customer reviews of the company are overwhelmingly positive, and mostly focus on speed of funding and transparency. Small business loans of this type are a viable option if the borrower understands all the stipulations and goes with a reputable and up front company.

Loan Options

Available Loan Types

SBA Loans
Term Loans
Lines of Credit
Invoice Financing
Merchant Cash Advances
Equipment Loans

Term Loans

Min Loan Amount
Max Loan Amount
Min Term Length
4 months
Max Term Length
12 months

Merchant Cash Advance

Min Loan Amount
Max Loan Amount
Min Term Length
4 months
Max Term Length
12 months

Loan Options - 8 / 10

Forward Financing is a lender that provides term loans and merchant cash advances to small businesses. The company offers a solid maximum of $300,000 for both products and repayment terms of up to 1 year.

Forward Financing Rates & Fees

Merchant Cash Advances

Fees: Forward Financing charges a flat factor fee of 1.3 – 1.5 to its merchant cash advances.

Rates & Fees - 8 / 10

Forward Financing uses high interest, short term loans in order to lend to companies with poor credit. They do not charge an interest rate, but rather a flat fee for the entire loan amount that will translate to a high APR. These types of loans should be approached with caution. If your business has a credit problem and needs fast access to capital, Forward Financing could be an option. But as with all loans of this type, borrowers are advised to have a plan for quick repayment.

Application & Qualifications

Online Application
Approval Time
Online approval within an hour
Funding Time
Same-day funding.

Application Process - 7.5 / 10

Forward Financing offers a quicker than average approval and funding time. What's more, as their business model is to take higher risk clients with bad credit and charge high fees, their qualification requirements are somewhat lenient.

Forward Financing Reputation

Customer Feedback

TrustPilot Score
9.6 out of 10
BBB Rating
BBB Negative Reviews
Date Collected

Reputation - 8 / 10

Forward Financing has an excellent reputation for customer service on Trustpilot, with most reviews remarking on how fast funds were disbursed. Additionally, the business is BBB accredited with a grade of A+.

Contact & Additional Information

Homepage URL
Company Phone
(888) 244-9099
Headquarters Address
36 Bromfield Street, 2nd Floor, Boston, MA, 02108
Mailing Address
36 Bromfield Street, 2nd Floor, Boston, MA, 02108
Year Founded

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Top Rated
Our Partner
9.6 / 10
  • Our #1 Choice: A+ BBB Rating - 9.4 of 10 on TrustPilot
  • Largest Small Business Online Lender - 50k+ Customers
  • Loans up to $500k, and Lines of Credit up to $100k
  • Decision in minutes - no obligation
  • Funding in as fast as 24 hours
  • Must have 100k in revenue, minimum 12 mo in business, 500+ Fico