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Acquisition & Working Capital Loans

Acquisition Loans

Don’t let the perfect business opportunity pass you by. Use a Business Acquisition Loan from Texell to purchase a franchise or an existing business. An acquisition loan allows you to grab your business ownership dream even if you don’t have the capital today.

Why Choose Texell for Your Acquisition Loan?

  • Get personalized service every step of the way from one of our local Business Loan Heroes.
  • We’ll tailor a loan that meets your needs — from the amount to the term — all with great rates.
  • 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

  1. Apply — Complete an application in-person or over the phone.
  2. Finalize terms — We'll work together to determine your loan amount and duration.
  3. Gather financials — We can help you gather any financial documentation needed.
  4. Close your loan — And realize your business dreams. 
Business membership required.


 

Working Capital Loans

Working Capital Loans help you manage your cash flow and cover inventory, marketing, payroll, or other day-to-day operating expenses. Texell provides both secured and unsecured Working Capital Loans. Our local business experts will help you determine the loan structure that best fits your individual needs.

Why Choose Texell for Your Working Capital Loan?

  • Get personalized service every step of the way from one of our local Business Loan Heroes.
  • Get the funds to cover expenses for seasonal businesses or to cover a temporary slowdown.
  • Both secured and unsecured loan options are available.

Your Dreams Begin in a Few Simple Steps

  1. Apply — Complete an application in-person or over the phone.
  2. Finalize terms — We'll work together to determine your loan amount and duration.
  3. Gather financials — We can help you gather any financial documentation needed.
  4. Close your loan — And realize your business dreams. 

Business membership required.


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make an appointment

Get a personalized consultation with a local Commercial Loan expert at one of our branches.

Schedule an appointment


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call or text

Talk or text with a Commercial Loan expert Monday – Friday, 9 a.m. – 6 p.m.

Call or text 254.774.5161.


Frequently Asked Questions:


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.

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.

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.

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.

A Working Capital Loan is a loan to help business owners cover immediate, everyday business operations and expenses during a slow season. While Working Capital Loans help you bridge gaps between accounts receivable and your immediate expenses, these loans should not be used for long-term funding.

Working Capital = Current Assets – Current Liabilities

Current assets include items like cash, inventory, accounts receivable, and any pre-paid liabilities.

Current liabilities include items like accounts payable, income tax owed, and immediate debts.

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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