Have you always wanted to be your own boss?
From "turn key" sales of existing businesses to the opening of a new franchise location, Vision Bank's acquisition loans can help you achieve your entrepreneurial goals. With over a century of experience as a local business lender in East Central, South Central, and Southeast Oklahoma, we understand the particular needs and concerns of the local business communities we serve. Why trust one of the most important decisions of your life to acquisition financing lenders who don't live or work anywhere near you? Vision Bank is locally owned, giving us greater flexibility and faster decision-making. Our local expertise ensures you get the best rates and terms on your acquisition loan.
How do business acquisition loans work?
"Business Acquisition Loans" is an umbrella term that encompasses a range of financing options. Our lending team can help you select the right option for your business venture. There are many factors to consider, from your personal financial history and credit score, to the financial history of the business you wish to acquire or the franchise you hope to operate. Furthermore, lending decisions take into account your business plans and the likelihood of success.
Because the underwriting behind business acquisition financing is more complicated than, say, a residential mortgage loan, it helps to work with a local bank that possesses detailed knowledge of the business environment in your community. Vision Bank offers two primary types of business acquisition loans:
- Business Acquisition Term Loans: This type of financing comes with a fixed or variable interest rate and consistent monthly payments. You can use a term loan to purchase a turn key business or come up with the upfront costs of opening a franchise.
- SBA Loans: Guaranteed by the Small Business Administration, these loans provide more financing opportunities to new business owners. Depending on the SBA program, you can borrow up to $5 million to cover a range of costs associated with the takeover of an existing business or franchise ownership.
What types of businesses can I buy with an acquisition loan?
Vision Bank provides business acquisition financing to a diverse set of entrepreneurs. Acquiring an established business can be a safer way to own a company then starting from scratch. You'll enjoy the creativity and control that comes with entrepreneurship, as well as a solid foundation of name recognition, customer loyalty, and the other perks that come with a turn key operation or franchise.
Contact our business lending team
See the difference! To learn more about acquisition loans or start an application, call us today or stop by your local Vision Bank office in Ada, Durant, Shawnee, Prague, Meeker, Davis, or Sulphur. Our friendly and experienced business lending team is ready to help you succeed.
Contact Vision Bank by email or call 888-332-5132. Click here to download a Commercial Loan Application. Fill it out, print it, and bring it into one of our convenient locations.