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Average Ratings 0 Ratings
Description
Fora Financial is a business financing company that provides multiple funding options for small and midsize businesses. Its products include revenue advances, lines of credit, SBA loans, business term loans, equipment financing, and small business loans. Revenue advances are repaid using a fixed percentage of daily or weekly gross receipts, allowing payments to adjust during lower-cash-flow periods. Lines of credit provide ongoing access to funds that businesses can draw as needed, with advertised limits ranging from $5,000 to $100,000. Term loans provide lump-sum financing with predictable payments, while equipment financing is intended for purchases, repairs, or leases of business equipment. Small business loans can provide working capital for expansion, cash flow management, and other operating expenses, with terms of up to 18 months and funding amounts of up to $1.5 million. Fora Financial states that completed applications can receive approval decisions in as little as four hours and funding as soon as 24 hours after an offer is accepted. Applications are reviewed using underwriting factors that may include business and personal credit, revenue consistency, cash flow, time in business, and industry-specific requirements. Fora Financial is intended for business owners that need flexible access to capital for growth, equipment, payroll, inventory, acquisitions, bridge financing, or general working capital.
Description
An essential factor in managing your working capital is the cash conversion cycle, which you should calculate based on your specific business operations. By analyzing this cycle, you can identify ways to enhance it, thereby improving your working capital through the optimization of various key performance indicators (KPIs). Our financing platform provides access to a comprehensive range of supply chain finance tools to help you refine your global procurement financing strategies. The Traxpay platform facilitates easy, fast, and secure connections with your suppliers and finance partners. Through digital forfaiting, you can quickly access additional liquidity by selling your trade receivables to financing partners without any recourse, ensuring you receive the full sale price immediately. Furthermore, our dynamic discounting feature gives your suppliers the flexibility to choose which invoices to expedite, allowing for better cash flow management—if they request earlier payment, they can enjoy a larger discount. This approach not only strengthens supplier relationships but also helps in maintaining a more robust cash conversion cycle.
API Access
Has API
No
API Access
Has API
No
Screenshots View All
No images available
Integrations
No details available.
Integrations
No details available.
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Customer Support
Business Hours
No
Live Rep (24/7)
No
Online Support
Yes
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
Yes
Types of Training
Training Docs
Yes
Webinars
No
Live Training (Online)
No
In Person
No
Types of Training
Training Docs
Yes
Webinars
Yes
Live Training (Online)
No
In Person
Yes
Vendor Details
Company Name
Fora Financial
Founded
2008
Country
United States
Website
www.forafinancial.com
Vendor Details
Company Name
Traxpay
Country
Germany
Website
www.traxpay.com
Product Features
Product Features
Financial Services
Analytics
No
Branch Optimization
No
Channel Management
No
Compliance Management
No
Customer Engagement
No
Performance Management
No
Risk Management
No