#United States #Boston #Small Business #Securitization #Forward Financing

Forward Financing's Significant Milestone: $170 Million Securitization

In a major step forward for small business financing, Forward Financing, a prominent provider of financial services to small businesses in the United States, has concluded its inaugural asset-backed securitization, raising a total of $170 million. This landmark transaction significantly enhances the company’s financial capabilities, increasing its total debt facilities to an impressive $620 million.

With a revolving period spanning three years and comprising three distinct classes of notes, this securitization has demonstrated overwhelming interest from investors, being oversubscribed more than twofold. This level of demand underscores the robustness and quality of Forward Financing's small business portfolio, and promotes trust among institutional investors about the company’s financial health and risk management practices.

Jason Mullins, the President and CEO of Forward Financing, emphasized the significance of this achievement, stating, "The completion of our first securitization represents a pivotal achievement for Forward Financing." He highlighted that this milestone is crucial in enabling the company to better serve customers nationwide while also facilitating their ambitious growth objectives. Since its inception, Forward Financing has successfully provided over $4.3 billion in financing to nearly 85,000 small businesses, showcasing its commitment to supporting the evolving needs of enterprises across the country.

This successful execution of the securitization not only fortifies Forward Financing’s funding options but also reflects the confidence in its operational strengths and sound financial strategies. It opens up new avenues for funding more small businesses, which are often underserved by traditional financial systems.

Founded in Boston, Massachusetts, Forward Financing is more than just a fintech company; it embodies a commitment to transforming how small business financing operates. The challenges faced by many small businesses in accessing traditional forms of funding are recognized, and Forward aims to simplify this process by delivering funds quickly and efficiently.

Using advanced proprietary technology, Forward has set a standard of excellence by frequently facilitating same-day fund deliveries, thereby empowering small business owners with the financial opportunities they need to grow and succeed. The customer experience offered by Forward is characterized by personalized support from dedicated teams, ensuring that business owners receive guidance and assistance tailored to their unique needs.

Recognized as an A+ company by the Better Business Bureau and achieving a stellar 4.6 stars rating on Trustpilot.com, Forward’s services have been acclaimed for their quality and efficiency. Additionally, it has been acknowledged as one of the Best Places to Work in Boston, highlighting its commitment to fostering a supportive environment for its employees. The company's dedication to customer satisfaction and internal culture emphasizes their belief that when employees are empowered, they can better serve customers.

The implications of this securitization extend beyond increasing funding capacity; it signifies a renewed focus on small businesses, which play a vital role in the nation’s economy. As Forward Financing continues to innovate and expand its services, this landmark transaction is likely to leave a lasting impact on how small business financing is approached in America.

Through empowering small businesses with better access to capital, Forward Financing is actively contributing to a stronger economic landscape that values innovation, resilience, and community support.