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express loans

Whether you’re looking to grow your business, run daily operations, purchase equipment, or maintain cashflow for the unexpected, we have the right loans to fit your small business needs. Our ChoiceOne Express Loans will help you get the funding you need to get your business moving forward.

If you have questions about our ChoiceOne Express Loans, contact us at 616.612.3112.

Already working with a ChoiceOne Commercial Lender? Please contact them directly.

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Line of Credit

ChoiceOne Express Line of Credit provides businesses with a revolving line of credit to have money when you need it. A line of credit can give you the cash flow needed while waiting on customer payments. You only pay interest on the funds you have drawn. As long as the account is open, you can repeatedly borrow up to your credit limit without reapplying.

  • Decision in two business days or less of application submission
  • Loan amount up to $100,000
  • Terms: 24-month interest only draw period followed by a 60-month term out / repayment of then current balance
  • Competitive variable rate based on underwriting criteria
  • Collateral required: First position lien on All Business Assets
  • A Business Deposit account will be required for automatic payments
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Term Loan

ChoiceOne Express Term Loan is great for small businesses to purchase vehicles and equipment.

  • Decision in 2 business days or less of application submission
  • Loan amount up to $250,000
  • New vehicle or equipment purchases only
  • Terms up to 84 months
  • Up to 100% advance on vehicles; up to 90% on equipment
  • Competitive fixed rate based on underwriting criteria
  • Collateral required: Title or UCC filing on subject vehicle/equipment
  • A Business Deposit account will be required for automatic payments
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