Inc. 5000 Announced, Forward Financing Makes 4th Consecutive Appearance

August 18, 2020 | Company News

August 18, 2020 – Forward Financing, a leading provider of alternative financing solutions, is proud to announce that it has been recognized on Inc. 5000 for the fourth consecutive year. Its three-year revenue growth of 320% earned the company a ranking of 1392nd on the magazine’s annual guide to the 5,000 fastest growing privately-held companies in the US.


Founder and CEO Justin Bakes said, “It is our vision to be a world-class fintech company so that our customers and our people can achieve their full potential. To be recognized not just once, but for four straight years, on the Inc. 5000 is a testament to our consistent growth and to our employees, delivering value for customers day after day and year after year.


Forward Financing first appeared on the list in 2017 as the #15 fastest growing company in the US. The Inc 5000 ranking is determined by the three-year revenue growth, making it difficult to keep up the strong growth rates to remain on the list year after year. Over the past few years, the company has achieved 50% year-over-year growth and has provided funding for over 23,000 small businesses nationwide.


“We set out to distinguish ourselves in the alternative financing industry by focusing not simply on money as our currency of trade – but by focusing instead on the quality of our relationships and of our everyday customer experience…by investing heavily in the talent and technology that drives our business,” said Bakes.


Since 1982, the Inc 5000 has honored successful companies in the economy’s most dynamic sector ─ its independent small businesses. Previous winners, such as Microsoft, LinkedIn, Zillow, and Yelp, first gained national exposure on the Inc. 5000.


“The companies on this year’s Inc. 5000 come from nearly every realm of business,” says Inc. editor-in-chief Scott Omelianuk. “From health and software to media and hospitality, the 2020 list proves that no matter the sector, incredible growth is based on the foundations of tenacity and opportunism.”


The in-person festivities celebrating the honorees, originally planned to be held in San Antonio this fall, have been modified to a series of virtual events between October 23-27, 2020. The complete results of the Inc. 5000 can be found here.


About Inc. 5000 Methodology

Companies on the 2020 Inc. 5000 are ranked according to percentage revenue growth from 2016 to 2019. To qualify, companies must have been founded and generating revenue by March 31, 2016. They must be U.S.-based, privately held, for-profit, and independent–not subsidiaries or divisions of other companies–as of December 31, 2019. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2016 is $100,000; the minimum for 2019 is $2 million. 


About Inc. Magazine

The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit


About Forward Financing

Forward Financing is a Boston-based financial technology company that provides fast, flexible, and reliable working capital to small businesses nationwide. Our proprietary technology, and dedicated team of small business financing experts, deliver same-day funding with the speed and simplicity business owners need to succeed and grow. With an online application process that is simple, safe, and secure, businesses can trust Forward Financing for approvals within minutes, funding within hours, and personalized support and service when they need it most.

Since 2012, Forward Financing has provided over $750m in funding to more than 23,000 small businesses and has been regularly recognized as an industry leader. The company is A+ rated by the Better Business Bureau and consistently receives top ratings from its clients across all major customer review platforms. Annually since 2017, Forward Financing has been named by both Inc. Magazine and the Boston Business Journal as one of the fastest growing companies in Massachusetts. Learn more today at