Fora Financial Secures New $200 Million Credit Facility, Expanding and Diversifying Capital Resources
Summary
NEW YORK, Dec. 10, 2024 /PRNewswire/ -- Fora Financial, a leading provider of flexible financing to small- and medium-sized businesses (SMB) nationwide, today announced the closing of a two-year, $200 million revolving credit facility. "This partnership underscores our commitment to delivering meaningful financing solutions for our clients, and we are confident that the Fora Financial team, with their passionate leadership and proven track record, will continue to unlock new opportunities for small- and medium sized business owners everywhere. ""We are proud to support Fora Financial in its mission of providing capital to small- and medium-sized businesses nationwide," added Aaron Ong, Head of Private Asset-based Credit at TPG Angelo Gordon. It offers fast, personalized small business loans and revenue advances, supported by its proprietary technology platform, one-on-one customer service, and total transactional transparency. Were proud to build upon a legacy of client excellence that includes certainty of execution, deep expertise and full-service capabilities across the asset management landscape.