Acquisition Loans
Claim your dream of owning a business with an acquisition loan.
Use a Business Acquisition Loan from Texell to purchase a franchise or an existing business. An acquisition loan allows you to own a business even if you don’t have all of the capital today.
Why Choose Texell for Your Acquisition Loan?
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Get personalized service every step of the way from one of our Commercial experts.
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We’ll tailor a loan that meets your needs — from the amount to the term — all with great rates.
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Quick funding: Our experts will work with you, and the SBA if applicable, to get you the funds you need as quickly as possible.
Your Dreams Begin in a Few Simple Steps
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Apply — Complete an application in-person or over the phone.
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Finalize terms — We'll work together to determine your loan amount and duration.
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Gather financials — We can help you gather any financial documentation needed.
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Close your loan — And realize your business dreams.
Business membership required.
make an appointment
Get a personalized consultation with Texell's Business experts.
call
Talk with Texell's Business experts Monday – Friday, 9 a.m. – 6 p.m.
Call 254.774.5161.
Frequently Asked Questions:
What is a Business Acquisition Loan?
A business Acquisition Loan allows you to buy an existing business. It will enable you to purchase an established business or a franchise and skip the business start-up phase.
Is there a minimum loan amount?
It makes financial sense to get an acquisition loan if the loan amount is greater than $100,000. If the amount is less than $100,000, you should consider a personal loan for the business purchase.
There are several fees, such as origination and document, associated with business and commercial loans that make personal loans a more affordable option for loans under $100,000.
Is there a minimum amount of time the business needs to be open?
While there is no universal answer, the business should be open for three years or more. You will also need to provide some additional information about the company you want to acquire, including, but not limited to, records of the business's financial performance, a business plan, and financial projections.
Is there a minimum credit score to apply for an Acquisition Loan?
A solid credit history is crucial for any business loan, and your personal credit score will carry a great deal of weight during the decision process. Individuals interested in commercial or business loans should not have unsatisfied judgments, tax liens, or bankruptcy on their credit reports in the past three years.
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