A landscaping company generating $10 million in annual revenue has secured $750,000 in funding from Fora Financial to support its shift from residential projects to larger municipal and commercial contracts. The transition created liquidity challenges as upfront costs for bigger jobs outpaced existing cash flow. After encountering delays with traditional bank financing, the 15-year-old company returned to Fora Financial, with whom it had previously worked. Initially seeking $250,000, the business secured a 12-month financing package three times larger after learning it could reduce capital costs through early repayment. The funding enabled the company to hire additional staff and purchase materials for multi-million-dollar contracts. The business is now targeting over 50% year-over-year growth and is on track for its strongest quarterly performance in early 2024.

Fora Financial, a leading provider of flexible financing to small and medium-sized businesses, today announced the closing of $16 million in new unsecured corporate notes, rated investment grade by Egan-Jones Ratings Company.