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Business loans

Business Loans

Our customers know they can depend on Ozona Bank for business financing. Whether you need construction financing or are buying real estate, purchasing new equipment, or looking for working capital, or a term loan, our streamlined credit approval process gives you quick and efficient options for your funding needs.

Request your business loan online anytime, anywhere, on any device.

Gather your information

The amount of information we need varies with the size and purpose of the loan and the type of collateral offered. however, you will usually need to provide:

  • Current business financial statement, to include balance sheet & profit/loss
  • The last three years of federal tax returns for the business
  • Accounts receivable & accounts payable aging for your business
  • Personal financial statement
  • The last three years of personal federal tax returns
  • Detailed accounting of how you will use the proceeds of the loan
  • Requested repayment term

Term Loans

For any business purpose, such as:

  • Buy equipment or other fixed assets
  • Purchase or expand an office building
  • Acquire commercial vehicles

Rates & Terms

  • Flexible repayment terms, generally ranging from 1 to 5 years for equipment & longer for real estate
  • Terms depend on the useful life of the asset
  • Generally secured by company’s fixed assets
  • Principal and interest are paid in regular installments

Loan Amount

  • Varies based on collateral & repayment capacity

Equipment/Inventory loans

Upgrade equipment to meet your needs while conserving capital to invest in other areas of your business.

  • Finance new or used equipment, such as:
    • Computers or network hardware
    • Medical/dental equipment
    • Construction machinery

Rates & Terms

  • Loans can be financed in various term options and rates can be either fixed or variable

Loan Amount

  • Up to 80% of sales price on new equipment
  • Up to 70% of sales price on used equipment
  • Up to 50% on inventory
  • Varies with repayment capacity

Business Line-Of-Credit Loans

The flexibility to do what you want, when you want.

  • Revolving line-of-credit
  • Access funds at your convenience
  • Use for any business purpose, such as:
    • Managing cash flow
    • Purchasing inventory
    • Financing accounts receivable
    • Expanding your business & finance company growth
    • Covering unexpected expenses
    • Meeting seasonal, cyclical, and fluctuating cash needs

Rates & Terms

  • Typically secured by business assets
  • Loans can be financed in various term options and rates can be either fixed or variable

Loan Amount

  • Varies based on collateral & repayment capacity

Owner occupied real estate loans

Build equity and eliminate rent & leasing uncertainties.

  • Purchase, improve, or refinance commercial property
  • Invest for future growth

Rates & Terms

  • Long term financing
  • Loans can be financed in various term options and rates can either be fixed or variable
  • Subject to standard underwriting, processing, and documentation requirements

Loan Amount

  • Varies based on collateral & repayment capacity

SBA Loans

The U.S. Small Business Administration provides several programs for small businesses seeking financing.

  • Flexible way to grow and expand your business
  • Finance permanent working capital
  • Purchase or improve real estate
  • Finance new equipment, heavy machinery, specialized equipment or other fixed assets
  • Acquire a new business or franchise
  • SBA 7(a) guaranteed loans & SBA 504 loans

Rates & Terms

  • Favorable terms
  • Longer repayment schedules than with conventional loans
  • Some fees may be financed directly into the loan

Letters-of-Credit

Helps businesses establish a strong credit reputation with a guarantee for payment.

Types:

  • Stand-by letter of credit: primarily used to assure payment to a beneficiary in the event the applicant fails to pay or perform
  • Commercial letter of credit: primarily used to assure payment to an international or domestic seller of goods

Rates & Term

  • Competitive interest rates, based on collateral
  • Generally secured

Loan Amount

  • Varies, based on letter-of-credit requirements

Ready to get started? Contact us today!