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Find a Location

Forward Financing, LLC has 1 locations, listed below.

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    Business ProfileforForward Financing, LLC

    Financial Services
    BBB accredited business

    At-a-glance

    Customer Reviews

    4.57/5stars

    Average of 49 Customer Reviews

    Customer Complaints

    12 complaints closed in last 3 years

    5 complaints closed in last 12 months

    BBB Rating & Accreditation

    Accredited Since: 12/3/2013

    Years in Business: 12

    Customer Reviews are not used in the calculation of BBB Rating

    Reasons for BBB Rating

    Overview

    Forward Financing is a financial technology company and leading provider of working capital to small businesses nationwide. Over 42,000 small businesses have trusted us to provide them with fast, flexible, and reliable funding to fuel their success.

    Products & Services

    Business Financing

    Business Details

    Location of This Business
    53 State St Fl 20, Boston, MA 02109-3204
    BBB File Opened:
    7/10/2013
    Years in Business:
    12
    Business Started:
    6/1/2012
    Business Started Locally:
    6/19/2012
    Business Incorporated:
    5/14/2013
    Accredited Since:
    12/3/2013
    Type of Entity:
    Limited Liability Company (LLC)
    Number of Employees:
    247
    Business Management
    • Ms. Jessica Roden, Director of Marketing
    • Ms. Christina Sorrentino, Marketing Manager
    Contact Information

    Principal

    • Ms. Jessica Roden, Director of Marketing

    Customer Contact

    • Ms. Jessica Roden, Director of Marketing
    Additional Contact Information

    Email Addresses

    Industry Tip

    BBB Tip: How to shop for financial services

    Customer Complaints

    12 Customer Complaints

    Need to file a complaint? BBB is here to help. We'll guide you through the process. How BBB Processes Complaints and Reviews

    File a Complaint

    Most Recent Customer Complaint

    07/08/2024

    Complaint Type:
    Service or Repair Issues
    Status:
    Answered
    I entered into a loan with financing in 2023 under false claims by the representative. I had originally borrowed 30k which was paid weekly in the amount of $1300. When I inquired about the huge amount of percentage, I was told it was on a sliding scale. When looking at the interest rate, it comes to almost 50%. I paid this religiously for months. I complained to trust pilot and was contacted by someone at the company and they stated if I change my complaint, it will help with my payments. Little did, I know that this would be a modification and that in the end, this would impact my future loan chances. On or about June 29th Forward Financing took ********* unauthorized from my business bank account. as a small business, this had a huge impact. I have put a stop payment on all future payments with forward. From talking with other lenders does have this reputation. I have had the loan since September or October 2023 barely paid down half. According to my calculations, I should be paying close to 5000 per month and within three months or at the latest five months they should be paid off. I have received threatening emails saying that they will put a UCC lien on me. I have asked that they refrain from correspondence and I have brought this up with the BBB and the Attorney General of Boston. I believe that forward financing is a predatory lender..
    Read More

    Customer Reviews

    49 Customer Reviews

    What do you think? Share your review.

    How BBB Processes Complaints and Reviews

    Start a Review

    Most Recent Customer Review

    RBB R

    1 star

    01/25/2024

    This is a nationwide loan scam. I am an e-commerce merchant. I needed money temporarily to cover the cost of a purchase order. This company will get you money. The terms and interest will be astonishing. READ THE FINE PRINT. You will go on and pay the amount every day. It piles up quickly. They will offer you extensions and smaller payment options. (This may have been a COVID-19 rule at the time) You will pay down the loan as agreed, then they might offer you another loan once the first loan is paid around 40%. As you pay the balance down things will start to get interesting. More employees will get involved. You will get phone calls and more e-mails. Right when you think your loan is almost paid off, around $1000. Then, BOOM. They want that money TODAY. RIGHT NOW. (They know you are strapped for money because you paid on this ****** loan and you don't have any money. If you don't pay, here comes the *** Lien on your business. Now you owe them $3500. Why? Because it's a scam. They already made money on your loan. A lot of money! What's Next? They will sell your loan to another financial collections company for MORE money. They will send that company your loan application and the amount of the balance outstanding. Here is the fun part. Not only have you paid all your money to the first company, a second company will take it's turn. The second company will take any revenue from payment processors for collection. The bad part is that nobody will give you a notice or an e-mail explaining what is going on?!?!? These companies will continue to take your revenue without you even knowing!!! Once you put all the pieces together, your heart will start beating faster and you will realize that you just got ******!These companies will take everything behind your back. Your business will slowly crumble as you do not realize what is happening. There is one thing you have that they don't. Recorded Phone calls and every e-mail ever sent and received! Cheers.

    Local BBB

    Better Business Bureau in Eastern MA, ME, RI & VT

    BBB Reports On

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