FDIC-Insured – Backed by the full faith and credit of the U.S. Government
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