Fora Financial, a provider of flexible financing to small- and medium-sized businesses nationwide, announced a new record for single-quarter funding originations. The company reports a 30 percent increase in Q1 2024 over Q1 2023 in overall funding volume, making this the strongest quarter in the firm's nearly 16-year history.

"Fora Financial is proud to chart such an important milestone," said CEO and co-founder Jared Feldman. "It's just further proof of how we are meeting and exceeding our commitment to helping America's small businesses negotiate an up-and-down economy and continue to thrive."

In citing reasons for this growth, Feldman praised Fora Financial's expert staff across all departments: "We're leveraging cutting-edge underwriting technology and data-driven insights every day, to provide each of our business owners personalized, one-on-one service."

Additionally, he added, "As banks implement stricter lending criteria, Fora Financial is seeing more demand from businesses who may typically work with those traditional institutions." As a result of the market, the firm has increased its average funding amounts and terms YOY by more than 10 percent.

Founded in 2008, Fora Financial has provided more than $4.0 billion of financing to more than 55,000 small business owners.