2021 Fast 50 List Honors Forward Financing

May 18, 2021 | Company News

May 18, 2021 — The Boston Business Journal has named Forward Financing, a leading provider of revenue-based financing to small businesses, to its exclusive 2021 Fast 50 list. This list represents the 50 fastest-growing private companies in Massachusetts. This is the fifth consecutive year that Forward Financing has been named on the Fast 50 list. 


“Thank you to the Boston Business Journal for this incredible honor,” said Forward Financing’s co-founder and CEO, Justin Bakes. “We all faced many challenges this past year, and this recognition is a testament of our team’s unwavering dedication to helping our small business customers reach their full potential.”


This year, the company was ranked #38 fastest-growing private company in Massachusetts, with a 3-year revenue rate of 96%.


The 2021 Fast 50 companies are ranked based on a formula that counts revenue growth from 2017 to 2020. Companies on the Fast 50 must be based in Massachusetts and report revenue of at least $500,000 in 2017 and $1 million in 2020. The Business Journal’s research department collected and analyzed the data.


Forward Financing was also featured in a recent Boston Business Journal article as one of the Fast 50 honorees that overcame many obstacles in 2020 and was still ranked as one of the fastest-growing companies. Many of Forward Financing’s small business customers typically operate with low profit margins or variable revenue sources. When many of its customers needed to close their doors due to the government-mandated closures, the company was able to provide best-in-class customer service. The Account Servicing Department, the team responsible for assisting customers with payment schedules, was recently recognized by the 2021 American Business Awards as one of the Best Customer Service Departments of the Year.


“The economic shutdown sent a lot of companies’ strategies and financials into uncharted territory in 2020, but as the 2021 Fast 50 illustrates, Greater Boston’s fastest-growth companies pivoted and prospered despite it all,” Carolyn M. Jones, market president and publisher of the Boston Business Journal.


For the complete list of 2021 Fast 50 companies, visit the BBJ’s website here.


About the Boston Business Journal

The Boston Business Journal is the region’s premier business media organization, one of 43 markets owned by American City Business Journals. For marketing and sponsorship opportunities, contact the Business Journal today.


About Forward Financing

Forward Financing is a Boston-based financial technology company that provides fast, flexible working capital to small businesses nationwide. Our dedicated account representatives and advanced proprietary technology help our customers spend less time finding capital and more time growing their businesses. With a simple, secure online application, business owners can trust that Forward Financing works to get them approvals within minutes, funding within hours, and personalized support when they need it most.

Since 2012, Forward Financing has expanded Main Street’s access to capital by providing over $1 billion in funding to more than 26,000 small businesses. The company is A+ rated by the Better Business Bureau and consistently receives top ratings across all major customer review platforms. Inc. Magazine and the Boston Business Journal named Forward Financing as one of Massachusetts’ fastest-growing companies each year since 2017. Forward Financing is committed to helping more small business owners succeed and achieve their full potential. To learn more, visit