Service Business
Loans & Financing

Applying with Fora Financial takes about five minutes online. You submit three months of business bank statements and a government-issued photo ID, and a Capital Specialist reviews your file and contacts you to discuss your options. Checking your options uses a soft credit pull, so it does not affect your credit score. You can receive an approval decision in as little as 4 hours, and if you accept an offer, funding can arrive in as little as 24 hours from offer acceptance.

It depends on the lender. Banks and SBA lenders typically look for 2+ years in business, a 680-700+ FICO score, full financial statements, and tax returns, which can make approval slow and difficult for many service businesses.

Fora Financial looks at your business’s performance today. Your business generally needs at least 6 months in business, $240,000 or more in annual revenue, and a 570+ FICO score, and cash flow consistency and revenue trends are reviewed alongside those minimums. The application takes about five minutes, checking your options uses a soft credit pull, and an approval decision can come in as little as 4 hours.

Fora Financial looks at your business’s performance today. Your business generally needs at least 6 months in business, $240,000 or more in annual revenue, and a 570+ FICO score. Cash flow consistency and revenue trends are reviewed alongside those minimums, and stronger profiles can qualify for higher amounts and better terms.

To get started you need three months of recent business bank statements and a government-issued photo ID. Some applications may require additional documentation depending on loan size or business profile.

Fora Financial works with established service businesses across a wide range of trades and professions, including HVAC, plumbing, and electrical contractors, landscaping and lawn care companies, cleaning services, salons and spas, fitness studios, staffing agencies, marketing agencies, consulting firms, and law and accounting practices.

Eligibility is based on your business’s revenue profile and not on your trade. Your business generally needs at least 6 months in business, $240,000 or more in annual revenue, and a 570+ FICO score. Some industries may not be eligible, so a Capital Specialist can confirm yours before you apply.

Fora Financial provides small business loans from $5,000 up to $1,500,000 and lines of credit up to $100,000. The amount you qualify for depends on your revenue, time in business, and cash flow consistency.

Think about it by purpose. Covering payroll for a busy season or a gap between invoices may call for a smaller draw, while adding a service van, a second crew, or a new location may call for a larger amount. A Capital Specialist can help you size the request to your revenue before you commit to anything.

Yes. Waiting on client payments is one of the most common reasons service businesses use financing, because payroll, materials, and equipment costs come due before invoices are paid.

A small business loan delivers a lump sum on a fixed repayment schedule. A business line of credit lets you draw what you need while invoices are outstanding, repay as clients pay, and draw again. If you invoice other businesses, accounts receivable financing lets you use those outstanding invoices to access working capital while you keep collecting from your clients yourself. A Capital Specialist can help you match the product to your payment terms.

Not for Fora Financial’s core working capital products. The Small Business Loan and the Business Line of Credit do not require pledged collateral for qualifying businesses, which matters when your business runs on people and skills more than on hard assets.

Equipment financing is typically secured by the equipment being purchased, and accounts receivable financing uses your outstanding invoices as collateral. Your Capital Specialist will confirm the collateral and personal guarantee terms that apply to your offer before you accept it.

Fora Financial funds established businesses, so a service business that is under 6 months old is not eligible yet. Your business needs at least 6 months in business and $240,000 in annual revenue to qualify. Once your business reaches those marks, you can apply online in about five minutes with a soft credit pull, and an approval decision can come in as little as 4 hours.

In the meantime, run your client payments through a dedicated business bank account. Your bank statements are what show your revenue history when you do apply.

Applying does not affect your personal credit score. Fora Financial uses a soft credit inquiry to check your initial options, with no cost to apply and no obligation to accept an offer. A hard inquiry may follow later in the process if you proceed to final approval. If a personal guarantee is required, missed payments could affect your personal credit, and timely payments can help build your business credit.