Right Choice Capital Inc provides flexible business loans and lines of credit from $2,500 to $2,000,000 for small businesses, with funding in 1-3 business days and approval criteria beyond credit score.
Data compiled from public sources · Rating from CreditDoc methodology
Right Choice Capital Inc is a business lending company based in Norcross, Georgia that specializes in providing financing solutions to small and medium-sized businesses. The company positions itself as an alternative to traditional lenders by emphasizing that business financing decisions should not rely solely on credit scores. Their service model focuses on understanding the overall health of a business rather than reducing applicants to a single metric.
The company offers business loans and lines of credit ranging from $2,500 to $2,000,000. 99%. Right Choice Capital markets its services for a variety of business needs including operating expenses, equipment purchases, cash flow bridging, payroll coverage, expansion projects, inventory, renovations, and tax payments.
They accept online applications and phone applications, with phone support available Monday-Friday, 8AM-6PM. What distinguishes Right Choice Capital is their stated flexible approval criteria that goes beyond credit score evaluation, requiring only a minimum 550 credit score, 6 months in business, $5,000 monthly revenue, and an active business bank account. They also emphasize that loans help build business credit while not impacting personal credit scores.
The company positions itself for businesses seeking growth rather than those in distress, with messaging focused on supporting expansion and cash management. As with all business lending, applicants should review complete loan documents before committing.
Yes. Right Choice Capital Inc is a registered company, headquartered in Norcross, GA.
Results vary by individual situation. Contact the provider to discuss expected timelines for your specific needs.
CreditDoc Diagnosis
Right Choice Capital is best suited for established small business owners (6+ months in operation) with fair-to-good credit who need flexible financing beyond what traditional banks offer, and who qualify for minimum revenue thresholds. Primary caveat: the website lacks detailed pricing transparency (full APR ranges, fees, terms), so applicants must request complete disclosures before commitment and verify all claims through loan documentation.
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Read guide →New to credit and lending? Here are the key terms used on this page, explained in plain language with real-number examples.
The total yearly cost of borrowing money, including the interest rate plus any fees the lender charges. Think of it as the 'true price tag' on a loan.
Lenders must show APR by law (Truth in Lending Act) because the interest rate alone can hide fees. Comparing APR across lenders is the most reliable way to find the cheapest loan.
Example
You borrow $10,000 at 6% interest for 3 years, but there's a $300 origination fee. The interest rate is 6%, but the APR is 6.9% because it includes that fee. You'd pay $304/month and $946 total in interest.
The percentage a lender charges you for borrowing their money, calculated on the amount you still owe. It's the lender's profit for taking the risk of lending to you.
Even a 1% difference in interest rate can cost you thousands over a loan's life. Lower rates mean less money out of your pocket.
Example
On a $20,000 car loan for 5 years: at 5% you pay $2,645 in interest. At 8% you pay $4,332. That 3% difference costs you $1,687 extra.
A person who agrees to repay your loan if you can't. They're equally responsible for the debt, and their credit is affected by your payment behavior.
Cosigning helps people with thin credit get approved or get better rates. But it's a huge risk for the cosigner — they're on the hook for the full amount if you default.
Example
A parent cosigns their child's $30,000 student loan. The child stops paying after 6 months. The parent is now legally required to make the payments or face collections, lawsuits, and credit damage.
How long you have to repay the loan, measured in months or years. A shorter term means higher monthly payments but less total interest paid.
Longer terms feel more affordable monthly but cost much more overall. A 30-year mortgage costs almost double in interest compared to a 15-year mortgage on the same amount.
Example
Borrowing $200,000 at 6.5%: A 15-year term costs $1,742/month ($113,561 total interest). A 30-year term costs $1,264/month ($255,088 total interest). You save $141,527 with the shorter term.
A one-time fee the lender charges to process and set up your loan. It covers their costs for underwriting, verifying your information, and preparing paperwork.
Origination fees are usually 1-8% of the loan amount and are often deducted from your loan proceeds — so you receive less than you borrowed.
Example
You're approved for a $10,000 personal loan with a 5% origination fee. The lender deducts $500 upfront, so you receive $9,500 in your bank account but owe $10,000 plus interest.
The original amount of money you borrowed, before any interest or fees are added. It's the 'real' amount of your debt.
Your interest is calculated on the principal. Paying extra toward principal (not just interest) is the fastest way to reduce your total cost and pay off a loan early.
Example
You borrow $25,000 for a car. That $25,000 is your principal. Your first payment of $450 might split as $150 toward interest and $300 toward principal, bringing your balance to $24,700.
The process where a lender evaluates your finances — income, debts, credit history, assets — to decide whether to approve your loan and at what rate.
Understanding what underwriters look for helps you prepare a stronger application. They check your DTI ratio, employment stability, credit score, and the asset's value.
Example
You apply for a mortgage. The underwriter reviews your pay stubs (income), bank statements (savings), credit report (history), and orders an appraisal (home value). This takes 2-4 weeks.
Want to learn more? Read our Financial Wellness Guides for in-depth explanations and practical advice.
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