A New York-based telecommunications company, five years in business, had outpaced revenue expectations but faced a capped senior financing facility. Needing $1 million in working capital for further growth, the company turned to Fora Financial.
Vision
The company aimed to expand by hiring and training staff, acquiring inventory, and increasing brand exposure through marketing, positioning themselves for long-term profitability.
Opportunity
Rapid growth created the need for capital to enhance operations, expand market presence, and sustain the company's upward trajectory.
Challenge
Capped Senior Facility
Limited access to additional capital.
Profitability Limitations
Profitability Limitations: EBITDA was insufficient for an equity raise.
Operational Demands
Needed capital for staffing, inventory, and marketing to continue growing.
How Fora Financial Helped
Fora Financial approved and funded $1 million within 4 days. The financing provided flexibility, allowing the company to use the funds for staff, inventory, and marketing. Importantly, the funding was non-dilutive, protecting the company’s ownership.
Results
Expansion Enabled
Hired staff, acquired inventory, and launched marketing campaigns.
Flexibility
Managed operational needs without disrupting growth.
Ownership Preserved
Non-dilutive financing ensured long-term profitability.
Conclusion
Fora Financial’s fast and flexible funding allowed the company to expand and grow without sacrificing equity, positioning them for long-term success.
Why Fora Financial
The decision to collaborate with Fora Financial was influenced by:
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Speed
Approved and funded in 4 days.
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Flexibility
Unrestricted use of funds.
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Non-Dilutive
Retained full ownership.