Term Loan
The classic way to fund a bigger move.
- Loan amount
- $20K – $1M
- Funding speed
- Within 24 hours
- Loan term
- 1–2 years
- Interest rate
- As low as 6%
Business funding
Business funding you get to choose
One short application puts your business in front of a network of lenders. What comes back is laid out side by side, so the offer you take is the one you picked.
- No application fee
- Nothing to sign by applying
- About two minutes
The application is the way in, and it takes about two minutes.
How to choose between offers
Four lines to read across, before you read anything else
Offers rarely arrive in the same shape. One leads with its rate, another with its speed. Put them on the same four lines and the differences stop hiding.
Reading offers side by sideAn illustration, not an offer
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Amount
Is it enough to do the job?
Not the most on offer, the amount the plan actually needs. Money you did not need still has to be repaid.
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Term
How long will this be with you?
A longer term lowers each payment and usually raises the total. A shorter one does the opposite. Neither is better on its own.
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Total payback
What does it cost, all in?
The one number that settles most comparisons: everything you will repay, fees included, across the whole term.
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Payment frequency
Can the week carry it?
Daily, weekly or monthly changes how a payment feels against your takings, even when the totals match.
An illustration of how to read offers, not an offer. No rates or amounts are shown because yours depend on your business; your specialist sets the real ones out on these same four lines.
How it works
From one application to a choice worth making
Three stages. The middle one is where the work is, and it is ours rather than yours.
Step 01
Tell us about the business
How much, what for, and a few questions about how long you have traded and what comes in each month. No documents to begin with and nothing to pay.
- No application fee
- No documents to start
- No obligation to accept
Step 02
We gather the offers
Your application goes to the lenders in the network most likely to fund a business like yours. What comes back is collected in one place, not scattered across a week of calls.
- A network of 80+ lenders
- One specialist, from start to finish
- Lenders usually price from recent bank statements
Step 03
You choose, then get back to work
Your specialist puts the offers on the same four lines and tells you plainly which one they would take and why. Once you accept and are approved, funding can arrive in as little as 24 hours.
- Offers compared on total payback
- You can decline them all
- Funding in as little as 24 hours once approved
The six
Six kinds of funding, and what each suits
Which kind fits is usually decided by what the money is for and how the business earns. Here is the short version of each.
Short Term Business Loan
Fund your business on your terms.
- Funding amount
- $10K – $1M
- Funding speed
- As quick as 1–2 days
- Cost
- Beginning at 6%
- Term
- Up to 24 months
Equipment Financing
Equipment for virtually any industry.
- Loan amount
- Up to $250K
- Term
- 1–5 years
- Cost
- As low as 8%
- Repayment
- Monthly
Working Capital
Funding your day-to-day operations.
- Funding amount
- Up to $1M
- Funding speed
- Within 24–48 hours
- Cost
- Starting at 4.5%
- Repayment
- Daily or weekly ACH
Business Line of Credit
Flexible financing, there when you need it.
- Funding amount
- Up to $1M
- Term
- 6 months to 3 years
- Cost
- Starting at 4.5%
- Funding speed
- Within 1–2 days
Business Cash Advance
Quick and efficient access to capital.
- Funding amount
- $5K – $500K
- Funding speed
- 24–48 hours
- Factor rate
- 10% – 35%
- Repayment
- Daily or weekly ACH
Plain advice
What we will tell you, even when it is not what you hoped
The value of a second opinion is that it is not trying to close. These are the four things our specialists are there to say out loud.
- Which clause matters
- Most of an agreement is standard. We point to the part that is not.
- When a lower payment costs more
- A smaller instalment over a longer term can be the dearer offer. We show you both totals.
- When to wait
- If the business would be better off in three months' time, we will say so now.
- What we are paid
- Nothing by you. The lender pays us if a deal closes, and applying costs nothing.
The network's figures
The lending network behind the application
80+lenders in the network
25,000businesses funded
24 hrsto funding once approved
These are the figures of the lending network First Choice works through, not claims about First Choice on its own.
When you are ready
The choosing starts with one application
It is at the top of this page and on a page of its own. It takes about two minutes, and nothing happens unless you decide it should.
The application is the way in, and it takes about two minutes.
