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Planning a Business Acquisition?

Anticipating a Business Acquisition

Acquiring another business can make good sense in many situations. The target firm might be a competitor, a complementary business or a company with core technology, customer base or products that would help your business. Understanding both your motivation and the sellerís can help you negotiate an acceptable deal.

Check your financing options
Once youíve decided to buy another company, the next question is usually how to finance it. The solution is often to piece together financing from a variety of sources. These may include:

Your personal equity. Youíll have to decide how much capital youíre able to risk, but this is a good starting point because it starts the ball rolling. Itís a positive influence on other investors or lenders to participate.

Seller financing. Some sellers prefer to finance a portion of the selling price; others will do so reluctantly. Terms offered by sellers are usually more flexible and favorable to the buyer than those from an outside lender. Having the seller participate in the financing also makes the deal more attractive to third-party lenders.

Venture capital. Professional venture capitalists are generally more comfortable with risk; however, they may want majority control.

SBA loans. The U.S. Small Business Administration Loan Guarantee Program offers favorable financing terms to qualified business buyers. SBA loans typically have long amortization periods and can be used to finance a hefty chunk of the sale price.

Talk to the Experts 
With a variety of potential financing options available, you must be open to creative solutions and willing to take some risks. Talk with an experienced business banker at MutualBank. Weíre here to help you reach your business goals. Go ahead...live a better life!

Contact a Representative Today

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    The OpenSSL Heartbleed vulnerability has been in the news...

    Tuesday, April 15, 2014

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Personal Banking Security Measures for the 21st Century

clientuploads/21st-Century-Securitysquare180.pngMany of us are constantly connected to the online world these days. This means that the potential is there for our computers and personal information to be compromised which greatly increases the risk of ID theft and financial fraud to occur. However, by taking some basic precautions you can significantly reduce the risk of your computing environment being compromised. Following these simple guidelines should help your computing environment become more secure:

Keep your computer and software up-to-date

Keep your computers and network equipment secured with the latest software updates and enable automatic updates whenever possible.  This includes updates to third party applications such as Java and Adobe Products.  

Use hard drive encryption

In the event your machine is lost or stolen, drive encryption can prevent others from accessing the data on your hard drive.  The purpose is to encrypt or scramble your data on your machine so that it can only be read with your encryption key.Many operating systems offer drive encryption.  Microsoft offers Bitlocker and Apple has FileVault. There are also other third party encryption offerings.   

Enable your firewall

Think of the firewall to your computer as the fence around your property.  If there were multiple holes cut in the fence, it wouldn’t be very useful at keeping people out.  Firewalls are typically enabled by default on Windows machines, but double check to make sure it’s on.  Here are instructions to do so if you are using Windows 7. Only allow necessary applications inbound access through your firewall. The same principles apply to your network firewall. 

Configure your screensaver

Set an auto-locking screensaver so your account gets locked out after a few minutes.  This is useful if you forget to lock your machine when are away from it. On Windows machines this can usually be done by pressing the “Windows Key” and the “L” button simultaneously.

Make your passwords stronger

The longer and more complex the password, the better.  At least 16 characters with a combination of upper and lowecase letters, numbers, and special characters is a best practice.

Configure your router

Use the strongest wireless security available (currently WPA2-CCMP) with a long and complex password for your wireless network. Disable WPS on your wireless router for greater security.   

 


Think that some secure banking information
of yours has been compromised?

If you suspect that your personal financial information has been compromised, call MutualBank Customer Support at 800-382-8031.


 

Monday, April 7, 2014

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Planning a Business Acquisition?

Anticipating a Business Acquisition

Acquiring another business can make good sense in many situations. The target firm might be a competitor, a complementary business or a company with core technology, customer base or products that would help your business. Understanding both your motivation and the sellerís can help you negotiate an acceptable deal.

Check your financing options
Once youíve decided to buy another company, the next question is usually how to finance it. The solution is often to piece together financing from a variety of sources. These may include:

Your personal equity. Youíll have to decide how much capital youíre able to risk, but this is a good starting point because it starts the ball rolling. Itís a positive influence on other investors or lenders to participate.

Seller financing. Some sellers prefer to finance a portion of the selling price; others will do so reluctantly. Terms offered by sellers are usually more flexible and favorable to the buyer than those from an outside lender. Having the seller participate in the financing also makes the deal more attractive to third-party lenders.

Venture capital. Professional venture capitalists are generally more comfortable with risk; however, they may want majority control.

SBA loans. The U.S. Small Business Administration Loan Guarantee Program offers favorable financing terms to qualified business buyers. SBA loans typically have long amortization periods and can be used to finance a hefty chunk of the sale price.

Talk to the Experts 
With a variety of potential financing options available, you must be open to creative solutions and willing to take some risks. Talk with an experienced business banker at MutualBank. Weíre here to help you reach your business goals. Go ahead...live a better life!

Contact a Representative Today

Back to Education Resources

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