Forward Financing Secures Another $525 Million to Support Small Businesses

Forward Financing, a provider of capital to small businesses across the United States, secured $525 million of new financing that brings the company’s total committed funding capacity to nearly $700 million.

The new financing includes a $350 million variable funding note (VFN) facility and a $175 million asset-backed securitization (ABS), the company said in a Thursday (July 16) press release.

The transactions refinance Forward Financing’s existing warehouse facility and, with the company’s inaugural ABS issuance completed in December, bring its funding capacity to nearly $700 million, according to the release.

Forward Financing offers capital to small businesses nationwide through a digital experience that can provide instant approval and same-day delivery of funds. Since 2012, the company has provided $5.2 billion in funding to more than 97,000 businesses, per the release.

Forward Financing President and CEO Jason Mullins said in the release that the new transaction “expands our funding capacity and strengthens our ability to deliver fast, reliable financing to the entrepreneurs and business owners we serve.”

The transactions also reflect institutional investors’ confidence in the company’s portfolio and business model, Forward Financing Chief Financial Officer Christopher Chiou said in the release.

“These transactions diversify our funding sources, strengthen our balance sheet and provide a scalable capital foundation to support our continued growth,” Chiou said.

Forward Financing announced its inaugural asset-backed securitization in December. It revealed the increase of a $250 million credit facility to $450 million in September 2024.

PYMNTS reported in June that small businesses in growing service categories may need tools that help manage recurring payments, card acceptance, invoicing, financing and cash flow visibility.

The PYMNTS Intelligence report “Why Main Street Is Splitting: The Data Behind Small Business Winners and Losers” found that Main Street businesses traditionally outpaced the broader economy but slipped behind the pace of U.S. businesses overall over the 12 months through September 2025.

Visa announced in February that it launched a new platform designed to help small business owners access capital, reach customers and adopt modern business tools. The Visa & Main platform is designed to provide a growing range of resources, programming and local activations.

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