The Right Loan for Your Business.
At Ozona National Bank, we are committed to providing financial solutions to businesses in the communities we serve. That's why we offer a wide range of flexible financing options for short-term, seasonal and long-term borrowing needs.
Click below to see a wide range of loan solutions. Whether you need a loan for a specific need or not, our loan department will provide you with the most professional service around.
Access Loan Application
Complete the Business Loan Application and drop it off at the Ozona National Bank location nearest you.
You will also need to provide us with current and previous year tax returns for the principals or business owners of your company.
After we have received your application, we will call you to notify you of our decision or to obtain additional information and/or clarification.
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:
- Financial statements for the most recent two or three full years and the most recent interim period
- Accounts receivable and accounts payable aging for your business
- Personal Financial Statement
- Detailed accounting of how you will use the proceeds of the loan
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Term Loans
Here's what you receive with all Ozona National Bank Term Loans:
Use
- for any business purpose:
- Buy equipment or other fixed assets
- Purchase or expand an office building
- Acquire commercial vehicles
Rates & Terms
- Flexible repayment terms, ranging from 1 to 5 years for equipment and longer for real estate
- Terms depend on the useful life of the asset
- Maturity greater than one year
- Secured by company’s fixed assets
- Principal and interest are paid in regular installments
- 0.25% rate discount with automatic payments from an Ozona National Bank checking or savings account
Loan Amount
- Varies based on Collateral
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Equipment / Inventory Loans
Here's what you receive with all Ozona National Bank Equipment / Inventory Loans:
Use
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
- Telephone systems
- Medical/dental equipment
- Construction machinery
Rates & Terms
- Loans can be financed in various term options and rates can be either fixed or variable
- 0.25% rate discount with automatic payments from an Ozona National Bank checking or savings account
Loan Amount
- 80% of sales price on equipment – 70% on Inventory
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Business Line of Credit Loans
Here's what you receive with all Ozona National Bank Business Line of Credit Loans:
Use
The flexibility to do what you want, when you want.
- Revolving line of credit
- Access funds at your convenience
- Easy access to Line of Credit funds using Online Banking and On-Call
- Use for any business purpose:
- Manage cash flow
- Purchase inventory
- Finance accounts receivable
- Expand your business and finance company growth
- Cover unexpected expenses
- Meet 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
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Owner Occupied Real Estate Loans
Here's what you receive with all Ozona National Bank Owner Occupied Real Estate Loans:
Use
Build equity and eliminate rent and 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
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SBA Loans
Here's what you receive with all Ozona National Bank SBA Loans:
Use
The U.S. Small Business Administration provides several programs for small businesses seeking financing
- Flexible way to grow and expand your business
- Boost working capital
- Purchase or improve real estate
- Finance new equipment, heavy machinery, specialized equipment or other fixed assets
- Acquire a new business or franchise
- Finance permanent working capital
Rates & Terms
- Favorable terms
- Longer repayment schedules than with conventional loans
- Some fees may be financed directly into the loan
- Ozona National Bank is designated as a Preferred Lender of the SBA
Loan Amount
- $25,000 minimum loan amount
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Letters of Credit
Here's what you receive with all Ozona National Bank Letters of Credit Loans:
Use
- 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
- Usually secured
Loan Amount
- Varies, based on Letter of Credit requirements
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Accounts Receivable Loans
Here's what you receive with all Ozona National Bank Accounts Receivable Loans:
Use
Turn your Accounts Receivable into cash
- No waiting for payment on receivables with “Cash Flow Manager”
- Ozona National Bank can purchase select invoices and accounts receivable from your business
- Gives you the immediate cash your business needs to:
- Finance new inventory and take advantage of purchase discounts
- Finance supplies
- Support rapid growth opportunities
- Maintain business equity without diluting ownership for working capital
- Build strong supplier relationships and establish good credit
- Reduce your operating expenses with credit and collection assistance
Rates & Terms
- Varies, based on Account Receivables
Loan Amount
- Varies, based on Account Receivables
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