ForwardLine, a leading nationwide direct lender, is celebrating 15 years of providing affordable working capital to America’s small businesses. Founded in 2003, the company has originated more than $500MM to deliver on its mission of improving the financial health of its customers. 2018 has been a record-breaking year for ForwardLine — with new loan origination records being set monthly, and the achievement of a 350% year-over-year increase in loan originations in the third quarter.
Going into its fifteenth year in business, the company is investing in its team, tools, data infrastructure and technology to further accelerate growth. As part of this effort, the company recently appointed Shailen Mistry as its new Chief Technology Officer. In his role at ForwardLine, Mistry will be responsible for leading the company’s continued investment in scaling its technology systems and creating a seamless online lending experience.
“We’re celebrating this milestone year in our business and our continued growth trajectory. As we do so, we remain committed to making strategic investments to create a truly differentiated lending experience for America’s small businesses,” said Steve Carlson, FowardLine’s CEO. “We’re thrilled to have Shailen’s technological and team-building expertise, which will allow us to build an infrastructure to achieve our long-term objectives.”
“I am excited to be joining the ForwardLine team – it is truly amazing to be a part of a fast-paced, innovative company that cares about its employees and customers,” said Mistry, “ForwardLine has a rich history of success, and I am looking forward to being a part of writing its next successful chapter of delivering growth while uniquely solving the needs of its customers.”