Reviews of Fora Financial - Small Business Funding (Loan Agency)

jeremy Wyss

Extremely unethical and untrustworthy ... RUN RUN RUN

James Crafton

Great service by Michael D.. Super quick, worked hard to get the money I needed to get the inventory to move my business along a quicker path. Would highly recommend using them. Thanks Again Michael

John Jeffrey

Great doing business with them! Z

amira jones

I WAS JUST PRE-APPROVED HOWEVER AFTER READING THE REVIEWS I DECLINED THE OFFER, WORK ON YOUR RATES AND CUSTOMER SATISFACTION BEFORE REQUESTING NEW CLIENTS

Joe Madrid

Great company. Made it very easy to get the money I needed for my business.

Cascade Fire

Fora Financial literally saved my company from going under. When you can't access funding quickly from regular bank sources, they are a great option. Yes, the interest rate is high. But that is expected for what they do. And yes, they want to verify your banking information but it is a secure link and I have had zero problems with my bank in the last 5 months since receiving my loan. I highly recommend them if you are a business that is strapped for working capital.

jeremy carascas

Fast funding. Had all the docs in place and very smooth experience overall. Highly recommended!

Marchelle Valencia

Good Service, Very accommodating staff!

stephen trupp

applied for a loan snd submitted an application and bank statements...while the representative was very nice, I told him not to waste my time if they are going to come back with ridiculous rates...came back with a ‘starter’ rate of $10,000 with a daily payment totaling $14,700 over 4 months...while I may not be credit worthy, I am certainly not stupid...this was a big waste of my time and resources...

Carola Vega

Don't do it...horrible rates and aweful costumer service...the guy called me like every half hour..even at 10 PM at night! Loan Sharks

chirag shah

They say 4-6 hrs to reply after submitting documents And kept calling to submit application for fast process After submitting now you keep calling and going to vmail

Tony Mills

bit expensive but business needed funds. Fora was very very helpful

kevin m

i got an approval letter, prescreening, since i didnt see any more than one positive review on here, i decided to not pursue it. too many scams, out there and i am just being skeptical

yvonne schirkonyer

i just got the letter in the mail with the card to activate ,But after reading this no thank you ....

Arjit Singh

It was good doing business with them. They answered all my questions and they were patient. I will definitely use them again. A tip: if you're in business for less than 3 months then you will probably find it harder to get a loan from them. Might be better to wait a few months before applying.

FAYE BRIGGS

Working with Fora Financial was nothing short of perfect. My rep, David Cohen, was amazing and transparent with everything the entire time. Being quick and precise throughout made the process seamless and I would highly recommend him and Fora to anyone looking for working capital for their business.

Lane Gilmore

Took little over a week to get the funds but process was made easy by my rep. No complaints. thumbs up.

Monty Cotten

I called these folks after receiving a card to activate in the mail . & told the dude I'd never give my checking acc # to him . He hung up . I called them back was trying to explain the guy hung up on next said we'll remove your name ?!? To many foreign companies get info from your checking stealing your money . I think they suck

Yucos Constantin

Hi, i just got a preapproval letter from Fora Financial, and was actually thinking about a loan for my business. But after reading the reviews on google and BBB, i definitely changed my mind. I guess Fora you have to work on making your active costumers happy before you trying to get more.

Rose Gold

I've taken out two loans from this company. Paid them both off with no issues. I originally signed on with James who was amazing. He went out of his way to make sure I got a loan. And, had amazing customer service. The next guy they gave me was Kevin, definitely not as friendly, very cut and dry, and got the job done. Which is fine. This 3rd time, I honestly dont need the money. I simply was inquiring about what my loan amount would be because Erica called me a few times about a new loan, so I sent in 4 bank statements(although they only asked for 3) to see what amount I would be approved for. Here's where things take a turn. I realized I hadn't heard from Erica so I emailed her and she told me a guy named Mus had tried to call me and that the underwriters were now asking for March-June statements of 2017. Again, all over their site it states 3 months statements. With my two prior loans, it was 3 months statements, so for them now to ask for more statements, I found it odd. So, I asked why they would need those statements as I just launched August 1st. No response, so I called, and low and behold I reach Mus. Who, from the time he answered the phone was simply rude. I explained to him that I was reaching out b/c of the requests of more statements and b/c I hadn't received any communication from him. No voicemails, no emails at all introducing himself like the other people did, nothing. He proceeded to state he did email me, I have no emails showing he did. And he was very combative, impolite, and again rude. I asked multiple times to speak to a supervisor in which he claims there is no one. I asked to speak to the owner, he said it isn't possible. Customer service goes a long way. Leaving your customer experience in the hands of someone like Mus, is a terrible decision. And, I have no desire to further my relationship with you guys based on my experience with him. Do better!

Tiago Abra

Just awful. Lies, deceit, crazy high interest rates of 40/50%.. Would give 0 stars if i could

Al W

Spam. Spam to no end. Didn't regard the reviews about lending tree and submitted an app - immediately these guys ( among others ) started spamming the heck out of my phone, text and email. 3 emails in one morning. Don't even know how many calls or texts because I've been blocking callers all morning.

Deepak Sharma

So here is an epic ! One of their employee name justin called me and told me I was a liar because I told him my local credit union gave me a business loan on 15% down and a 20 year term.so you are trying to get my business calling me a liar.may be I need an another loan in future but getting business like this? What an pile of idiots got togather.shame on you flora financial for keeping employees like that.google review.

jack santos

Almost lost my business because of the lies and predatory schemes of this immoral company. they'll try to call it a "flat cost of capital" but really its just a factor rate which is the same thing as an interest rate, with rates of 40%. Just absurd, even with good credit you'll get screwed over.

Krzysztof Puzio

Appreciate the business

Michelle DeDeo, Ph. D.

I've worked with a few companies out there for seasonal financing...and that's what these companies are best for. They charge very high interest rates (if you compute the actual APR/effective interest rate on a daily draw - not just the % of interest paid - you'll have a coronary), but they are taking a risk. They were very thorough checking us out - more thorough than other companies I've dealt with - and they charged a good deal which is why I'm giving them 4 stars. On the positive side, I felt that because they were so thorough, they were professional. I didn't want as long of a term as they offered (although if you needed a longer term, this might be an option), but we had a no-penalty prepayment addendum....which worked perfectly for us as we decided to use the money a few months longer than we originally planned. For short-term, non-traditional business loans, they are fine (just beware if you want long term!). Next season, I'll probably look at them as well as few others such as Kabbage and OnDeck. All of these loans are getting a *little* more competitive, and with the downshift in the stock markets, I think they will continue to improve.

Dee Giarratano

The type of loans this company offers should only be used if youre absolutely desperate and have nowhere else to turn. You have to make DAILY payments and when you calculate the total amount you pay back its like double or more of what you borrowed. DONT DO IT!

Jamie Turner

It was a great experience and if you want a smooth and painless experience then ask for Zach Ahern as your loan officer. He's amazing.

Jake Galvez

this company helps me a lot

PAR PATREQ

For a year now I've received numerous offers from Fora Financial, and today I received the infamous "small business choice" card. Fortunately I didn't surrender to desperation before checking the reviews. The interests rates should not be over 30%. We could've made millions Fora, but you're policy is creating debt by cutting into the development funds.

Mike Crandall

terrible company never do business with fora financial.well in response to your response I called many times and was promised a call back never got one.

Ruslan Angelov

I'm in the trucking industry and about 5m ago my driver overheat the engine about 20k in repare. It was really bad time for me so I decide to give one of those letters in the mail a try. Unfortunately I picked select funding and they work with Fora. I got the money may be 4-5 days after I applied but on extremely bad conditions they said is around 20% APR but is in fact about 60%. I didn't had much of a choice so I went with it. However the business is not so great at the moment (about 50% paid off without missing a payment) and I decide to follow up on one of their emails for refinancing. After a few days back and forth with couple people they said I'm barely at 50% paid off and I need to be at 55%... we all know that will be the case after another month (you are at 55% you need to be at 60%) and that will continue to the end. I offer them to extend the period so I can get a better payment but they said no. You can see from the statements that I send them that the company makes 4-5 times less money than before and we no longer can afford the payments. They simply don't care for your financial situation and I get it its business! Because of those payments and the fact that they are not willing to work with me on those I'll be forced to fail chapter 7! There is one good news about it and that is the fact that I will no longer pay those people! I made a mistake not reading enough reviews online for them! Don't make the same one!

Luba B

Update: Reading the response to my review, it is clear that the company is not reliable. My review stated "card", not "credit card". I guess they are operating on a principal of "let's treat everyone as if they are stupid". Received an unsolicited card in the mail. No, thank you.

Barry Bee

Excellent company to work with! The process was straight forward and quick funding. Everytime I picked up the phone it was great to talk to someone who knows what they are talking about.

Angela Norvold

Great customer service and lending help!

Jeff Dougherty

So sick of your emails from James. If I didn't need your funding after the first 20 emails, I will never need your funding. Stop spamming people.

Jim Brown

Very helpful staff and great company to work with. Highly recommended!

Steve DiAntonio

John Donoghue and Fora were easy to work with. We got our loan quickly. John and his team were very professional and helpful. I highly recommend Fora for business financing.

Matthew Lent

I've worked with Ryan Blake from FORA financial and his team for several years to secure financing for our customers and the experience has been great!

Manuel Suares

By far the worst company that i have ever dealt with. They will say literally any and every lie to get you to sign on the dotted line. Before that though, as soon as you send them your bank statements and application they will shop your file out to every lender and drop your personal credit score drastically ( each inquiry drops it about 4+ points i believe). Be weary of the line they will use "Start a business relationship and then you can come back and get more money and longer terms" This is absolutely not the case because 1. You won't even be doing business with them (make sure to read the contract of what company is actually facilitating the loan and look for the hidden fees that they charge (broker fee can add an extra 1-5% interest to the cost of capital) and 2. Because they shopped your file out to so many brokers, your credit score will be lower next time around giving you even higher rates. Also, did i mention the loans are SHORT term no more than 14 months usually and interest rates as high as 30-50% plus there's a hidden penalty for paying off early. Do your business a favor and STAY away unless you wanna join the hundreds if not thousands of other small business owners who have been scammed and potentially lost their business.

Mark Hayner

Easy to deal with, reasonable rate

Daphnie Sevenn

i received several promotions in the mail to "activate" my card, but did not because of the bad reviews listed here and BBB. i cant risk damaging my credit score with the wrong loan/card.

Bishar Haji

Goog.bank thanks

Rocio Bodega

I have used them 2 times. I like them very much

Rosslyn File-Aime

I received a letter in the mail to activate, and saw this as a great opportunity for my business... i even went as far to enter my activation code to option additional information. However, after reading these reviews and the ones from BBB, which i should’ve read first, i can’t afford to risk my credit with a bad business loan.... too many negative reviews... So, NO THANKS!

To Seats thai kitchen

Terrible staff when they try to reach you sign is quick but since i sign i still did not get the fund from them they took daily sale from the credit card processing once i submit they said i will get the loan when they get the first deposit it submit on july 14 now july 20 i still don't get the fund from them no one contact me back i try to call many time no one answer me. Are the Fora is Scam company !!

Me G

Scam company...i reported them to the fbi for fraud and theft of documents.

Andreas Hinderberger

Honestly, their business practices are horrible. Over the past days I received several email from them stating in the subject "XXXXXXX approved for financing - Expiring Today"... Never any response when you email back. This is illegal practice by federal law. No idea how anybody can even consider doing business with these folks.

Victor Lindel

A+ service and fast funding.

British King

Wow I received a pre approval and after reading these comments, I have changed my mind smh this sad

Sabrina Moore

I WORKED WITH CRAIG BURTON AT FORA FINANCIAL IN GETTING MY BUSINESS A LOAN. HE WAS VERY PROFESSIONAL AND HELPFUL! I RECEIVED THE LOAN 2 DAYS LATER. FORA IS A WONDERFUL FINANCIAL INSTITUTION

Sarah Hilsmier

Matt is THE BEST. Yes, Great Service!!!!

SANCHES & BRUNO LLC

This company is false and I received a card from the company but when I went to get more information I saw that it was all false beware of their bank details these people are not reliable

Charles Smith

I used Fora's product for a short term. After checking with various lenders, theirs was the most competitive for the term I needed. I do recommend that you read your contracts thoroughly as there was a misunderstanding on my part that could have cost me a lot of money. However, John (management) resolved this issue and made things right.

Vivian Vance

I just received a pre-approved letter in the mail. However, after reading these reviews, I will not seek a loan with this company.

Subhash M

I worked with James and he was very helpful all along. Always there to answer my questions. The customer service was also very patient. The consistency in the level of service is what impressed me. I spoke to them and they gave me a very good impression which is why I continued to work with them. All round great experience.

Melodie Lincavage

Horrible experince I wish I had read the reviews here before I was stupid enough to get a loan thru Fora. Scam artist would be a compliment. . I was lied to and tricked the whole way thru. DO NOT trust what your loan officer is telling you about refinacing after a short amount of "trust building"time. after your inital officer takes and approves you for a loan you are then passed off at "promised refinace time" to someone else who knows nothing of the promises made to you at the time you were offered the loan. We NEVER would have taken this loan if we hadnt been promised we could refinace at a lower intrest rate after the inital 3 months time. At the end of the 3 months the "refinace officer told us we had to pay 50% of loan. When we were at 60% paid off we were then told, NO it now has to be 75% paid off even though we never missed one of the extremly high pay back payments or anything. DO NOT RECOMMEND. I wish I could give 1 star. Loan officer could have cared less about the finacial trouble we are now in because of the ridcuolusly high payback we now do

Alison Torres

I couldn't be more happier with the service provided. Chris did a great job of explaining everything and following up on time with information and recommendations that were pertinent to my specific needs. Fora Financial is an excellent resource for short term loans for small businesses.

Pedro Jimenez

fora financial hizo un gran trabajo ayudándome y a mi negocio.

Steve Marks

Got my funds in my account in about a week after applying. I have to say I was expecting this whole process to drag along for at least a couple of week but Fora was great with their timely responses and an overall hassle free experience. I wouldn't hesitate to recommend them. I was unsure at first but thought of contacting them anyway and see how things go. Everything just snowballed from thereon since they were really good to work with.

Cody Akins

This was the company that handled my loan I received through Select Funding. I got the whole "We are going to give you a small loan to build trust and see if you can handle it. When the account reaches 60% paid we will look at more funds." Hit my 60% mark and tried again. No luck that go around because I had had a bad month prior. I get it, they want to make sure they get their money back. Waiting until we hit the 70-72% mark and guess what? Still denied even though the month added to my sales was fantastic. Got the letter in the mail yesterday just saying they couldn't loan me the money even though I have NEVER missed a payment with them. Oh well it's a blessing in disguise. The almost $90 a day I will save when this loan is finally paid will make a huge dent on my credit card bills.

nathan chidester

really high rates but fast

Happy Time Adventures

Never heard of this "financial" company. After reading the reviews of 40-50% interest rates, BBB complaints, predatory calling tactics, and one individual who almost lost his business over doing business with them, what I assumed to be "too good" was probably one of the safest avoidances of our business. ALWAYS RESEARCH companies before doing business with them.

Mark Daugherty

Went to get it more information and you need 15,000 a month and revenue if I had $15,000 month coming in I probably would not need funding if you can't work with 15,000 a month coming into your bank account and you need funding get out of business now this place is a joke and don't reply saying all your sorry I had a bad experience I don't want to hear it

Daniel Jerzak

BEWARE OF THESE LIARS!!! and SLEAZY SCUMBACKS!!! They ckaim they do soft pull on your credit and few hours later you find out they sent your application to 15 other companies and you I got 15 inquiries on my credit within one day. So DISHONEST!!! Filing against them with AG, UCC, BBB among others BEWARE of these Liars!!! They don't deserve even one star but the system doesn't allow me to post the review with zero stars

Mike Durham

i had a very positive experience. chris was excellent in his communication and setting right expectations. just make sure you don't go in expecting to get your wishes fulfilled. Credit scores and bank statements do matter but as long as it's not abysmal you'll be fine, and worse case scenario, apart from being denied, you'll get approved for a lower amount than what u wished for. But that is standard with other companies in this industry. I just really appreciated the honesty and clarity with which fora worked to help me with my loan.

Adam O'Donnell

15 of these capital funding companies call me per day it seems. These guys come with their smooth operating. One of my ventures makes $50-$60,000 per month during the five months of season. I take the first three months of the year off to recuperate and vacation but he said no problem send me the bank statements to show 10K per month which I did and then he said all this applications had to fill out which had already sent to him the information in an email. And then because he frustrated me I said don't even bother - forget about it. He put my info through anyway even though I did not fill out his application. Then immediately an email refusing & rejecting any loan offer. Why deal with slimeball, lowlifes, freaks of corruption -- when you can go to a regular banking institution and they would be happy to give you all the money in the world if you have 10K per month rolling revenue. Hope the FCC the FTC the freaking FBI investigate there unethical and illegal tactics for gaining interest in a product you can get at your local corner Bank. RE: Craig Lecker, Stephanie Cornelius Go scam your mother-in-law, sister, brother, next door neighbor, time for you to be exposed for the dirt bags you are.

Peter Ribeiro

Fora financial working capital lines are the most customizable lines on the market. Great ROI on my money and they fund within 2 business days. Highly recommend them especially since they are unsecured.