Small Business Loans
A small business loan is a fast, flexible funding option designed to help business owners access capital without the hassle of traditional bank financing. Instead of navigating piles of paperwork or waiting months for approval, you can get a decision quickly—with minimal documentation required. These loans can be used for a wide range of needs, whether you're expanding your restaurant or staffing up for a major construction contract. With customizable loan amounts and terms, you’ll get a solution tailored to your business’s specific goals and cash flow.
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Quick Stats
| Loan Amounts and Terms |
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|---|---|
| Repayment Schedule |
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| Requirements |
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| Funding Time |
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Funding up to $1.5M
Term up to 18 months
Daily or Weekly Repayments
Time in business 6+ months
In as little as 24 hours of approval
How Does A Compare?
How It Works
1
Apply
Submit the easy online application within minutes and a Capital Specialist will call to discuss your funding request.
2
Get A Decision
You will receive your approval status in as little as 4 hours after submitting all necessary documentation.
3
Receive Your Funds
You'll receive a lump-sum payout in as little as 24 hours of offer acceptance. Spend it at your own pace, as you need it.
How to Use a Small Business Loan
Small business loans offer flexible funding that can be used across many parts of your business. Whether you need to manage daily operations, prepare for a busy season, or invest in growth, having access to capital gives you more control over your business decisions. Funds can be applied to routine expenses like payroll and rent, or used more strategically—for hiring, inventory, marketing, or expansion.
Managing Operating Expenses
Small business loans can be used to cover essential day-to-day costs, such as rent, utilities, payroll, and supplies. This ensures operations continue smoothly, even during periods of reduced revenue or irregular cash flow.
Hiring Staff and Meeting Project Demands
Loans provide the working capital needed to bring on new employees, support seasonal staffing, or scale up for large contracts. This allows businesses to meet increased demand without straining their finances.
Purchasing Equipment and Technology
Access to loan funding enables businesses to upgrade outdated equipment, invest in new tools, or implement technology improvements that increase efficiency and productivity.
Expanding Locations or Operations
Whether opening a new storefront, expanding into a larger space, or renovating existing facilities, small business loans offer the capital needed to grow strategically without disrupting core operations.
FAQs
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A small business loan is a lump-sum loan with a specified repayment period and a fixed interest rate.
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Mortgages are a type of loan that most people are familiar with. It has a set amount of time like 30 years to pay off. Our small business loans work similarly but with shorter terms (4-18 months) and are designed specifically for business needs.
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Small business loans are ideal for any business that needs working capital to purchase equipment, manage cash flow gaps, hire staff, expand, secure inventory, etc.
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Fora Financial offers free, no obligation quote for their small business loans. Apply today to find out if your business qualifies.
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Repayment begins immediately after funding, with the exact start date specified in your loan agreement.
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At the end of a term loan, your loan must be paid off in full. Once it's paid off, you are no longer bound by the terms of the loan.
