Forward Financing reviews

4.8

96% would recommend to a friend

(288 total reviews)
avatar

Jason Mullins

99% approve of CEO

97% positive business outlook

Forward Financing has an employee rating of 4.8 out of 5 stars, based on 288 company reviews on Glassdoor which indicates that most employees have an excellent working experience there. The Forward Financing employee rating is 33% above average for employers within the Financial Services industry (3.6 stars).

Reviews by job title

288 reviews
1.0
Apr 30, 2018
Recommend
CEO approval
Business Outlook

Pros

Location. Gym Benefits. Lunch on Fridays

Cons

The culture. The product. You are a loan shark

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Forward Financing Response
8y
For those of you reading this review, I would encourage you to spend time reading the other positive and constructive Glassdoor reviews. I would also ask you to check out the 100s of verified customer testimonials that consist of 5 star and A+ ratings on Google, Better Business Bureau, TrustPilot, Facebook, among others. We are very proud of the work we do and the impact we have on thousands of small businesses every year. Our team is the best in the business. We love what we do and we work really hard to create and maintain a positive and collaborative culture and work environment. Unfortunately, there is not much we can do to address an unconstructive review like this one except point you to other verified ones across the web that can give you a better and more accurate description of who we are. Thank you, Justin Bakes, Co-founder & CEO
1.0
Jun 15, 2016

Small Business Advisor

Anonymous employee
Recommend
CEO approval
Business Outlook

Pros

Good team structure, at first there was opportunity to increase base salary pay, which quickly ended

Cons

-lack of transparency between reps and management, job security always an issue since start of the new year - outsourcing of reps to different country that essentially seemed to replace the sales force team - favoritism between upper management and certain reps who seemed to be performing well, when in actuality success in the role had a huge luck factor in stumbling on the right clients at the right time -constantly pounding the phones all day with no direction or role to look forward to, burnout was quick.

1.0
Jan 15, 2021
Recommend
CEO approval
Business Outlook

Pros

The actual employees that work here are great. Before COVID, we had awesome happy hours and events, and I really enjoyed getting to know my team. My assumption is that these things will hopefully continue once it's safe to do so (post-COVID).

Cons

The leadership is really sub-par. They completely micromanage and don't have faith in their teams to actually do their jobs. Oversights is OK, but they have absolutely no faith in the people they hire. They talk about hiring "A Players" (which is a very outdated model that can lead to a lack of diversity), but then they don't trust these A Players to do their jobs. Our most senior leaders in the company are heavily involved in the day to day to the point where junior employees wonder why they are even here. When the pandemic hit, they had to lay off some employees, and furlough employees. That is hard for any company to go through. But the entire process was very poorly managed. The week after the first round of layoffs, we had a company-wide huddle, where our Event Planner played "Don't Stop Believing" as the introduction to the meeting. It was bizarre. For those of us that remained post-layoff and furloughs, we were forced to switch into different roles that promised career growth and opportunity. These were roles in completely different areas of the business. However, instead of being growth opportunities, they worked us to the bone and gave us no work life balance. I feel glued to my computer and work 60+ hour weeks. And I'm NOT compensated enough for that. Before I joined, they talked so much about their product - the Merchant Cash Advance (MCA) and how it came from a desire to help small businesses. The pandemic really showed us that it isn't the case at all. These customers often don't know what they are signing up for and Forward Financing takes advantage of that. I also don't understand why P&C asks people to fill out Glassdoor reviews. They're anonymous, but then somehow P&C will follow up to "check in" if you completed it. That's why I made my title on here Anonymous. If they are asking people to fill it out, it could be really obvious who it is, and that's why you see so many positive reviews on here. Honestly, I would not recommend working here. The cons far outweigh the pros.

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Forward Financing Response
5y
Thank you for sharing your feedback. We strive to build an environment where employees feel empowered to take ownership of their work, are listened to, and have a positive work/life balance. Our business was impacted by the sudden closure of many of our small business customers at the onset of COVID last spring. To make sure our customers could get the support they needed, we asked some employees to take on new responsibilities temporarily. However, no one at Forward Financing should be working 60+ hours a week at any time. We encourage candid feedback and provide multiple channels for employees to raise concerns, including anonymous feedback through Officevibe, scheduled monthly one-on-ones with members of the People & Culture Team, and regular check-ins with managers. Moving forward, we welcome you to share how you’re feeling through one of those channels so that we can address your concerns and make changes to your workload. When a customer receives funding from us, we explain the contract’s details over the phone to ensure they know what the product is and what they can expect from us. For example, when a customer’s revenue has decreased, we work with them to find a payment plan that works for their business. Over 90% of our 800+ Trustpilot reviews are 5 stars, and many comment on our great customer service and flexibility. We follow Glassdoor's best practices (https://www.glassdoor.com/employers/blog/employee-engagement-dos-donts/) by asking interviewees, new hires, and employees to share their feedback on Glassdoor. Our hope is that it gives future employees a sense of what it is like to work at Forward Financing, and that we can understand what is going well and what we can improve on. We never ask or require employees to share positive feedback - our only request is to submit an honest review. We’re committed to promoting diversity, equity, and inclusion in all that we do. We have an active DEI committee that meets regularly where ideas are shared and acted on to improve diversity in hiring. We welcome you to join our DEI community to share your thoughts on how we can improve our hiring process. If you would like to discuss this in more detail, please feel free to email peopleandculture@forwardfinancing.com. Every team member plays an important role at Forward Financing and in helping our customers, so we want to make sure that you and all employees feel supported and appreciated for your contributions.
Viewing 7 - 9 of 288 Reviews

Glassdoor has 294 Forward Financing reviews submitted anonymously by Forward Financing employees. Read employee reviews and ratings on Glassdoor to decide if Forward Financing is right for you.