#United States #New York #Fora Financial #Corporate Note #SMB Financing

Fora Financial Expands Corporate Note Issuance

In an important announcement for the financial sector, Fora Financial, a prominent provider of financing solutions for small and medium-sized businesses (SMBs), disclosed the completion of a $16 million unsecured corporate note issuance. This move, rated investment grade by Egan-Jones Ratings Company, marks a significant milestone in the company’s ongoing strategy to empower businesses with vital capital, especially in uncertain economic times.

The recent transaction is part of a broader effort to strengthen Fora Financial’s financial position. Additionally, it includes an extension on the maturity of an existing $10 million issuance from September 2023. The total indebtedness of the company now surpasses $350 million, reflecting its commitment to expanding operations and supporting a diverse range of SMBs across the United States.

Andrew Gutman, the Chief Financial Officer (CFO) of Fora Financial, expressed confidence in their strategic direction, stating, "After a successful 2024 where we executed our two largest debt transactions, this new issuance further cements the market's trust in our ability to deliver financing support where it is most needed. This extended maturity option provides us with enhanced financial flexibility to navigate future challenges."

A Testament to Resilience

CEO and Co-Founder Jared Feldman echoed Gutman's sentiments, emphasizing how this transaction is not only a reflection of the company’s robust business model and investor trust but also a testament to the quality of its customer base. He added, "This latest capital influx enables us to prioritize investments in product innovation and expand our offerings, fulfilling our mission to help small businesses thrive in an ever-evolving economic landscape."

Fora Financial has a rich history of providing valuable financing solutions, having delivered over $4 billion in funding to more than 55,000 businesses since its inception in 2008. This impressive track record speaks volumes about the company's dedication to helping entrepreneurs access the resources they require to grow their operations and create jobs.

Looking Ahead

The funds generated from this recent note issuance are set to fortify Fora Financial's balance sheet. The strategic allocation of these resources is expected to enable the company to pursue further origination growth and product expansion initiatives that align with its long-term objectives.

With the economic landscape constantly changing due to fluctuating inflation rates and recession fears, the significance of maintaining a solid financial footing cannot be overstated. Fora Financial's proactive approach to securing funding through this corporate note issuance underlines the importance they place on readiness to cater to small businesses at critical junctures.

As Fora Financial continues to grow, its unwavering commitment to supporting SMBs through flexible financing solutions will remain at the forefront of its mission. The company looks forward to further enhancing its relationship with investors while helping businesses navigate the complexities of securing adequate capital in today’s challenging economic environment.

Headquartered in New York, NY, Fora Financial remains a pivotal player in the small business financing sector. The firm's commitment to customer service and relationship-building sets it apart in an increasingly competitive market. For additional details about their offerings, visit their website at ForaFinancial.com.