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Forward Financing secures $250 million credit facility to fund growth
By Devika Patel
Knoxville, Tenn., June 7 – Forward Financing has closed on a $250 million credit facility led by one of the company's current capital providers, according to a press release.
Proceeds will be used to continue the company's growth trajectory. The company recently reported nearly 60% growth and is planning to double employee headcount in 2021, the press release stated.
Boston-based Forward Financing is a financial technology company that provides working capital to small- and medium-sized businesses.
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