Forward Financing enters into $90 million credit facility

Chicago, April 8 – Forward Financing announced that it has closed on a $90 million credit facility, according to a company notice.

The facility consists of a $60 million revolving credit facility and a $30 million junior term loan with AloStar Capital Finance, a division of Cadence Bank, NA.

Proceeds will be used to refinance existing debt and to increase funding capacity for small business customers.

Boston-based Forward Financing is a financial technology company that provides working capital to small- and medium-sized businesses.

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