Term Loans

A term loan from Choice Capital gives your business a fixed lump sum of capital, repaid over an agreed schedule with predictable monthly payments. Whether you're investing in new equipment, hiring key staff, consolidating debt, or funding a major project — a term loan delivers the certainty and structure you need to plan confidently.

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What Is a Term Loan?

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A term loan is one of the most straightforward forms of business financing. You receive a set amount of money upfront, then repay it — plus interest — over a fixed period. Repayment terms can range from a few months to several years, depending on your needs and the nature of the investment.

Unlike a line of credit, a term loan gives you the full amount on day one, making it ideal for defined, one-time investments where you know exactly how much capital you need.

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Is a Term Loan Right for You?

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A term loan is an excellent fit if you:

• Have a specific investment in mind with a defined cost
• Want predictable monthly payments for easier cash flow planning
• Are purchasing equipment, real estate improvements, or business assets
• Need to consolidate existing high-interest debt into one manageable payment
• Are expanding to a new location or renovating your existing space
• Want to hire and onboard a team to support growth

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How It Works

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Step 1 — Apply Online

Complete our simple application in minutes. Tell us about your business, how much you need, and what you plan to use it for.

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Step 2 — Review Your Options

Your dedicated Choice Capital advisor will review your application and present you with the best term loan options from our lending network — with clear terms, no jargon.

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Step 3 — Get Funded

Once you approve your offer, funds are deposited directly into your business account — often within 24 to 72 hours.

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Why Choose a Term Loan?

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Term loans offer a clean, disciplined funding structure. You know your rate, your payment, and your payoff date from day one. That predictability makes it easier to budget, plan, and execute — so you can focus on running your business, not managing your debt.

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Basic Eligibility Requirements

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• Minimum 6 months in business
• $10,000+ in average monthly revenue
• Valid government-issued ID
• 3 months of recent business bank statements
• Active U.S. business bank account

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Requirements may vary based on loan size and product type. Speak with a Choice Capital advisor to understand exactly what's needed for your application.

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