Understanding term loans is essential when considering financing options for your business. At Owens Capital, we offer transparent and flexible term loan options designed to meet your specific financial needs. Below are key aspects of our term loans:

1. Loan Amounts:

• We provide term loans tailored to your business's requirements, whether you need funds for expansion, equipment purchases, working capital, or other business investments. Loan amounts are determined based on your financial needs and creditworthiness.

2. Repayment Schedule:

• Our term loans feature fixed monthly payments over a predetermined repayment period. This structure provides predictability and stability, allowing you to budget effectively and plan for future expenses. Repayment schedules typically range from 1 to 10 years, depending on the loan amount and purpose.

3. Interest Rates:

• Enjoy competitive interest rates that are fixed for the duration of the loan term. Fixed rates provide protection against interest rate fluctuations, ensuring consistent monthly payments throughout the repayment period. Rates are determined based on factors such as credit history, loan amount, and market conditions.

4. Use of Funds:

• Term loans can be used for a variety of business purposes, including:

  • Expansion and Growth: Financing for expanding operations, opening new locations, or entering new markets.

  • Equipment Purchases: Funding for purchasing machinery, vehicles, technology, or other essential equipment.

  • Working Capital: Supplementing cash flow, managing seasonal fluctuations, or covering operational expenses.

  • Debt Refinancing: Consolidating existing debts to streamline payments and potentially lower overall interest costs.

5. Security and Collateral:

• Depending on the loan amount and risk assessment, collateral may be required to secure the loan. Collateral can include business assets such as equipment, inventory, real estate, or accounts receivable. Our team will work with you to determine the appropriate collateral requirements based on your specific financial situation.

6. Eligibility and Approval Process:

• Our streamlined application process ensures quick approval decisions, with minimal paperwork required. Eligibility is assessed based on factors including credit history, business financials, repayment ability, and the intended use of funds.

7. Repayment Flexibility:

• We offer flexibility in repayment terms to accommodate your business's cash flow and financial strategy. Options may include early repayment without penalties or the ability to adjust payment schedules based on seasonal fluctuations or business growth.

Get Started Today

Ready to explore term loan options for your business? Contact us today to discuss your financing needs and learn how our flexible terms can support your growth and success.