Thu Sep 12 14:39:00 UTC 2024: ## Fora Financial Secures $126.9 Million in Funding Through Asset-Backed Securitization

**New York, NY – September 12, 2024** – Fora Financial, a leading provider of financing to small and medium-sized businesses (SMBs), announced today the successful closing of a $126.9 million asset-backed securitization (ABS) transaction. This is Fora Financial’s third ABS transaction since 2019, bringing the company’s total securitization proceeds to approximately $287 million.

This latest transaction, the company’s largest to date, signifies a significant increase from the previous $90 million deal completed in November 2021. The strong investor interest, reflected in a 2.2x oversubscription across all note classes, reinforces Fora Financial’s position as a leading originator in the SMB space.

“We are thrilled to have closed our third securitization transaction, following what will be a record year for originations,” said Andrew Gutman, COO of Fora Financial. “This funding allows us to further expand our financing capacity, exceeding $250 million in diversified senior financing, and enhances our overall liquidity, which is crucial for supporting our near-term growth targets.”

The transaction, which features a two-year revolving period and can be upsized to a maximum of $500 million, was structured and managed by Truist Securities. The funds will be used to support Fora Financial’s continued growth in providing financing solutions to the SMB community.

Fora Financial, established in 2008, has distributed over $4 billion in financing to more than 55,000 businesses. The company offers fast, personalized business loans and revenue advances, backed by advanced technology, individualized customer service, and transparent transactions. Fora Financial operates with a team of over 140 employees based in its New York headquarters and Miami location.

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