Term Loans

Small Business Term Loans

 

At Choice Community Support we want to fund your business. Many of our lender also offer Term Loans.  These loan terms usually range from 1-5 years.

Most lenders require:

  • Credit Score of 620 or higher
  • In business for 2 years or more
  • 2 years (most recent) of business tax returns
  • 1 year (most recent) of personal tax return
  • 6 months (most recent) of bank statements
  • Business net income must be neutral or positive for 2 years

Rates on most Small Business Term Loans 

 (rates are subject to change)

​6 months ...............4.96% to 22.85%
1 year....................... 7.05% to 23.85%
2 years..................... 7.35% to 24.85%
3 years..................... 7.65% to 25.49%
4 years..................... 7.95% to 26.24%
5 years..................... 8.25% to 27.99%


Let's get Started