Quick answer
Forward Financing's published minimums are 6 months in business, $25,000 average monthly revenue, and 550+ FICO. Higher revenue bar than Greenbox ($15K) excludes smaller businesses but unlocks better pricing for qualifying B-paper merchants. Documents: 3-4 months bank statements, voided check, driver's license, EIN. Approval in 4-24 hours for clean files.
Full answer
Forward Financing's published underwriting box: minimum 6 months operating, $25,000 average monthly revenue (notably higher than Greenbox Capital's $15K floor), and 550+ FICO credit score. The $25K revenue requirement intentionally excludes the smallest businesses — Forward focuses on established B-paper merchants where pricing and approval economics work better.
Industry acceptance: broad — restaurants, retail, professional services, healthcare, light manufacturing, e-commerce, contractors. Tighter than Greenbox on some industries (declines some auto repair, construction sub-trades, trucking owner-operators). Verify your industry before applying.
Disqualifiers: TIB under 6 months, monthly revenue under $25K, FICO under 550, open bankruptcy, multiple unresolved MCAs (3+ concurrent stacks), restricted industries (gambling, adult, marijuana-touching, certain financial brokerages).
Documents required: 3-4 months of business bank statements (most important — they want to see consistent daily deposits, low NSF count, and no signs of revenue manipulation), voided business check for ACH setup, driver's license for the majority owner, business EIN. Optional: POS export or accounting platform export adds underwriting confidence.
Approval timeline: clean files (consistent revenue, no NSFs, no current MCAs) approve in 4-24 hours. Files with existing MCA positions or extra documentation needed: 1-3 business days. Funding follows approval by 24-48 hours via ACH.
Pricing tier you qualify for: Forward's factor rate range is 1.18-1.40, direct-lender pricing (no broker commission baked in). For qualifying merchants this often beats Greenbox's 1.28-1.45 range. APR-equivalent on a $50K advance at 1.25 factor over 9 months ≈ 25% APR — among the better B-paper rates.
Best for: established mid-sized merchants ($25K-$500K/mo revenue) wanting direct-lender pricing without the broker markup. If you fall under $25K/mo, look at Greenbox Capital or Credibly instead.
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Methodology. Fundnode is an independent funding-platform that scores merchants against our 100-funder database. We earn referral fees from funders when merchants apply via Fundnode. Editorial rankings and answers are independent of fee structure. Updated 2026-06-25.