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Choice Hotels franchise financing options

Compare costs, fees and where to get financing for a Choice Hotels.

Overall costs for Choice Hotels run anywhere from $0 to $0. See how the costs break down and what funding options might be right for your new venture into the franchise foray.

Estimated initial costs

Our cost estimates are accurate as of 2021 from Franchise Direct and include opening fees and expenses only. The location you choose for your Choice Hotels franchise may result in higher or lower fees.

All costs were found using the 200 largest franchises nationwide using Franchise Direct's list of more than 300 franchises, and are accurate as of 2021.

How to finance

The average cost to open one of the 200 biggest franchises in the US — $0 — is well over the estimated total initial costs for $0. Securing funds will likely be easier at lower amounts, just follow these steps:
  1. Review the financial requirements on the Choice Hotels franchising website.
  2. Compare banks, online lenders and business credit cards and determine which financing type best suits your needs.
  3. Once you settle on a financing type, compare lenders based on credit history requirements, amounts offered and interest rates.
  4. Gather all required documents and apply online or in person.

What types of financing is available?

Since the total cost to finance a Choice Hotels is relatively low, you'll likely want to consider one of the following:
  • Online loan. Online nonbank lenders often have more flexible requirements than banks, and offer lower loan amounts.
  • Credit card. A business credit card — or personal one — can be a good way to cover small initial costs, especially if you can pay it off quickly.
Also check if Choice Hotels franchise financing is available. You may be able to get some of the costs covered for less than you would with other traditional funding options.

Compare small business lenders

With estimated costs that can top $0, you may need financing. Select the Compare box for up to four providers you want to view side-by-side.
Name Product Filter Values Min. Amount Max. Amount Requirements
Fora Financial business loans
$5,000
$500,000
6+ months in business, $12,000+ monthly revenue, no open bankruptcies
Get qualified for funding in minutes for up to $500,000 without affecting your credit score. Best for companies with at least six figures in annual revenue.
Lendio business loans
$500
$5,000,000
Operate business in US or Canada, have a business bank account, 560+ personal credit score
Submit one simple application to potentially get offers from a network of over 300 legit business lenders.
OnDeck short-term loans
$5,000
$250,000
600+ personal credit score, 1 year in business, $100,000+ annual revenue
A leading online business lender offering flexible financing at competitive fixed rates.
National Funding business loans
$5,000
$500,000
Be in business at least one year and make at least $150,000 in annual sales. Other loan types have additional requirements.
Working capital loans and equipment financing, some high-risk industries may be eligible.
Fundbox lines of credit
$1,000
$150,000
6 + months in business, $100,000+ in annual revenue, 600+ credit score
Get flat rate, short-term financing based on the financial health of your business, not your credit score.
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Compare up to 4 providers

How Choice Hotels stacks up

Compare how Choice Hotels holds up against two similarly sized franchises.
Wendy's Choice Hotels General Nutrition Corporation
Average Franchise fees NA NA $27,500
Average Equipment fees $497,500 NA $32,800
Average Real estate fees $1,877,500 NA $89,401
Average Training fees $63,000 NA $2,250
Average Inventory fees $13,000 NA $85,000
Average Marketing fees $8,750 NA NA
Average Licenses and permits fees $92,500 NA NA
Average Insurance fees $22,500 NA $4,015
Average Admin fees $55,000 NA NA
Average Personnel fees NA NA NA
Average Other fees $171,000 NA $23,500

Bottom line

Choice Hotels franchise costs run a total of $0. Before you decide to become a franchisee, compare the total costs against industry averages. And to learn more about financing read our guide to franchise financing.

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