Short-Term Loan by ForwardLine

Short-Term Loan by ForwardLine

ForwardLine provides fast, affordable business loans to small businesses. Over the past 13 years, we have built our business reputation as a direct lender with the most competitive rates and the highest level of customer service. Rates are reasonable and affordable with no hidden fees. Our application process is easy, free and won’t affect your FICO® score. Apply now, and get an instant credit decision, with funds in your account in as little as one business day.

Cost
60% Complete
LowHigh
Effort to Apply
20% Complete
EasyDifficult
Funding Speed
20% Complete
MonthsMinutes
Repayment Terms
70% Complete
MonthsYears

8/10

Bottom Line

Good option if you qualify. Can use funds for any reason.

Pros

All digital application. Able to use funds for debt refinance, expansions, large projects, purchasing equipment. Lend to lower credit scores.

Cons

Potentially daily payments. Origination fee.

Qualification requirements

Time in Business

At least 1 year in business

Other Requirements

No open bankruptcies, discharges or dismissals for 1 year.

Cost
1.15 - 1.38 factor rate
Repayment Terms
Daily or weekly payments for 12 to 15 months
Funding Amount
$5,000 - $150,000
Origination Fee
2.5%
Funding Speed
1 - 3 business days
Repayment Example
$10,000 (capital amount) x 1.25 (factor rate) = $12,500 (total payback amount)

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