COMPARISON
Banked.fyi vs Forward Financing
An honest comparison to help you choose the right business funding partner for your needs.
✓ Unbiased Analysis✓ Real User Feedback✓ Updated December 2025
OVERVIEW
At a glance
B
Banked.fyi
RECOMMENDEDA modern business funding marketplace that connects you with 75+ lenders for the best rates and terms. Transparent pricing, fast approvals, and dedicated support.
Highlights
- No hard credit pull to check rates
- Access to 75+ lenders in one application
- Same-day funding available
- Transparent fee structure
- US-based support team
F
Forward Financing
Est. 2012Forward Financing provides working capital and merchant cash advances to small businesses with fast approval and same-day funding.
Pros
- Same-day funding
- Bad credit accepted
- Fast approval
- Multiple products
Cons
- High rates
- Daily payments
- Short terms
FEATURES
Feature comparison
| Feature | Banked.fyi | Forward Financing |
|---|---|---|
Soft Credit Pull to Check Rates See rates without impacting your credit score | ||
Same-Day Funding Get funds deposited the same day you apply | ||
Multiple Lender Options Compare offers from multiple lenders | ||
Bad Credit Accepted Options for credit scores below 600 | ||
No Collateral Required Unsecured funding options available | ||
Transparent Pricing Clear fee structure with no hidden costs | ||
Dedicated Advisor Personal support throughout the process | ||
Maximum Loan Amount Highest available funding | $5,000,000 | $300,000 |
Minimum Credit Score Credit requirements | All credit types | 500+ |
Time in Business Required Minimum operating history | 3 months | 6 months |
APR Range Interest rate range | 7.5% - 45% | 20% - 99% |
Funding Speed How quickly you can get funded | Same day - 7 days | Same day |
Rate Competitiveness How competitive are the offered rates | 4.5 | 3.0 |
Application Experience Ease and speed of the application process | 4.5 | 5.0 |
Customer Support Quality Responsiveness and helpfulness of support | 5.0 | 4.0 |
RATINGS
How they compare
Interest Rates
Banked.fyi
4.5
Forward Financing
3.0
Funding Speed
Banked.fyi
4.5
Forward Financing
5.0
Customer Service
Banked.fyi
5.0
Forward Financing
4.0
Flexibility
Banked.fyi
5.0
Forward Financing
4.0
Overall Experience
Banked.fyi
4.5
Forward Financing
3.0
OUR VERDICT
Both are excellent choices
Forward Financing is a strong competitor with same-day funding. However, Banked.fyi's unique marketplace approach means you can potentially access Forward Financing AND 74 other lenders through one application, ensuring you find the absolute best deal for your business.
FAQs
Common questions
Is Banked.fyi better than Forward Financing?+
Both options have their strengths. Banked.fyi is a lending marketplace that connects you with 75+ lenders, giving you more options to compare. Forward Financing is a direct lender with same-day funding. The best choice depends on your specific needs, credit profile, and funding timeline.
What are the main differences between Banked.fyi and Forward Financing?+
The key difference is that Banked.fyi provides access to 75+ lenders through one application, while Forward Financing offers funding directly. Banked.fyi offers loan amounts up to $5M with funding as fast as 4 hours, while Forward Financing offers up to $300,000 with funding in Same day.
Which has better rates: Banked.fyi or Forward Financing?+
Rates vary based on your business profile, credit score, and loan type. Banked.fyi's marketplace model often helps businesses find more competitive rates by comparing multiple lenders. Forward Financing's rates range from 20% to 99%. We recommend checking both to see which offers better terms for your situation.
What credit score do I need for Forward Financing?+
Forward Financing typically requires a minimum credit score of 500+. Banked.fyi works with all credit types and can connect you with lenders even if you have bad credit, giving you more options to explore.
How fast can I get funded with Forward Financing vs Banked.fyi?+
Forward Financing typically funds in Same day. With Banked.fyi, depending on the lender match, you can receive funding as fast as 4 hours for certain products, though most loans fund within 1-7 days.
Does Forward Financing do a hard credit pull?+
Forward Financing may perform a hard credit pull as part of the application process. Banked.fyi never performs a hard credit pull when checking your rates—only when you choose to proceed with a specific lender.