Forward Financing Funding Round

Forward Financing secured $525 million in new financing, comprising a $350 million variable funding note and a $175 million asset-backed securitization, bringing its total committed funding capacity to nearly $700 million. This follows their inaugural ABS issuance in December and increases their ability to provide capital to the over 97,000 businesses they have funded since 2012, totaling $5.2 billion. The company plans to use this expanded capacity to support its continued growth and serve entrepreneurs nationwide.