Small businesses in Texas experience unique challenges like managing cash flow during uncertain financial times. One of the biggest hurdles faced by businesses is having enough cash reserves to ensure all operations run normally. After paying monthly expenses, funding new projects can be an uphill battle. A great option for saving cash flow is a property tax loan. Ovation Lending helps small businesses property owners access funding for their property tax obligation, so you can free up cash flow and invest in your business.
Benefits of Texas Small Business Property Tax Loans
Tax Lien Transfer
If your property taxes have not been paid by the January 31st deadline, a tax lien is attached to your property by the taxing authority. This allows the county to foreclose on the property if the property taxes go unpaid. Delinquent property taxes can increase by 47% in penalties, interest, & collection fees within the first year. To avoid these huge additional fees, small businesses can approach a property tax lender who will pay all outstanding taxes, penalties, fees, & collection costs to the taxing jurisdictions. When a property tax lender pays the taxes to the taxing jurisdictions, the tax lien is then transferred to the lender.
Inexpensive Monthly Payments
By choosing a property tax loan, you can work out a monthly repayment plan that best fits the budget of your small business. Ovation Lending has terms from 2-10 years and we will work with you to explain the entire process. As a result, you will diminish all delinquent taxes and collection costs and can also prevent the taxing unit from initiating a foreclosure process.
Improve Cash Flow
Cash flow management is the top priority for any business. More importantly, small businesses need to manage their cash reserves effectively to survive in the current market conditions. Texas small business property tax loans not only ensure cash flow options but also aid the financial recovery.
Attractive Terms That Help Ovation Lending Standout from Competitors
Custom Loan Solutions that Fit Your Needs
All businesses are different and custom solutions are needed to ensure your success. Whether you are looking for a short-term bridge or long-term cash flow source, Ovation Lending has a solution for you. With over 150 years of combined experience, we will help you find a tailored solution that fits your business needs.
A Partner You Can Trust
Ovation Lending is the leading property tax lender in Texas with solutions to fit businesses of all sizes. We understand the unique challenges you face and are here to be your financial partner. Partnering with Ovation is the smart choice when it comes to choosing a property tax lender who will enable your small or commercial business to succeed.