Forward Financing Recognized Nationally for Rapid Growth
May 1, 2018 | Company News
Boston-based financial technology company ranks in top 10% on the 2018 Inc. 5000 and third on the Boston Business Journal’s Fast 50
May 1, 2018 – Founded only six years ago, Forward Financing, a leading capital provider to small- and medium-sized businesses, is making waves not only in Boston but nationally having recently been recognized for the second consecutive year as one of the fastest growing companies in Massachusetts and the United States by the Boston Business Journal and Inc. Magazine.
The Boston Business Journal annually recognizes 50 private companies in Massachusetts for their rapid growth. From a competitive pool in which all companies recognized had over 100% growth, Forward Financing ranked third, with a whopping 1,445% annual growth rate over the past three years. This is the second year in a row that Forward Financing has been among the top growing companies in the state.
Forward Financing Co-Founder and Chief Executive Officer Justin Bakes recently talked to the Boston Business Journal about why the company has seen such tremendous success. “It’s mostly Main Street type of businesses that we serve. There’s a huge demand for this service from small businesses.” The full list and details can be found on The Boston Business Journal: Fastest-Growing Private Companies in Massachusetts.
Also, for the second straight year, Forward Financing was named to the Inc. 5000, the most prestigious ranking of America’s fastest growing private companies. Of the 5,000 honorees, Forward Financing ranked among the top 10% of companies nationwide at #404 and was the 7th fastest-growing business in Massachusetts.
“If your company is on the Inc. 5000, it’s unparalleled recognition of your years of hard work and sacrifice,” says Inc. editor in chief James Ledbetter. “The lines of business may come and go, or come and stay. What doesn’t change is the way entrepreneurs create and accelerate the forces that shape our lives.” The full results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000.
With three years of sustained rapid growth and a track record of providing more than $400 Million in funding to over 10,000 small businesses, Forward Financing is poised to continue its rise to the top on the national level. Reflecting on his company’s accolades, Bakes acknowledged, “These recognitions of our success are a result of our hard-working and dedicated team as well as the businesses that we serve. We cannot wait to see what our future holds and how we will continue to help other businesses grow and flourish.”