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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

Mutual News
  • MutualFirst Financial, Inc. Declares 20% Increase in Dividend

    Muncie, Indiana – MutualFirst Financial, Inc....

    Monday, February 23, 2015

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Mutual Blog

Proactive Steps to Take in Light of Anthem Data Breach

Chances are you are a person who has Anthem insurance coverage or you know someone who does. As a result, either you or your friend has a reason to be concerned.

A typical data breach includes a compromise of debit card numbers or partial personal identifying information. This kind of breach, though inconvenient, can typically be ‘fixed’. An initial investigation indicates that the Anthem breach includes a compromise of name, birthday and/or social security number. This kind of information is all one needs to steal someone’s identity.

According to Anthem this particular breach could affect up to 80 million people. Instead of trying to ignore this has happened or just being upset, it’s now time for you to be educated and try to protect yourself as best as you can. We have some tips that will help you accomplish that.


1. Review Your Statements


First, take a moment each month to view your eStatement or monthly statement. You can monitor your accounts throughout the month with Online Banking and the MutualBank App. Monitoring your accounts will give you the quickest opportunity to see if your accounts have been compromised. If you notice any transactions that are unfamiliar or questionable, please get in touch with your MutualBanker. Call us at 800-382-8031.


2. Be Cautious with Any Anthem Emails You Receive


Next, if you receive an email stating it is from Anthem, be cautious. Anthem’s website warns customers not to reply with information, click any links or open any attachments within the email. Anthem is not calling their customers and will not ask for information. Never give your credit card information, social security number, or other sensitive information to someone via email or over the phone.


3. Consider Freezing Your Credit


If you are a resident in Indiana, the Attorney General’s office website (http://www.in.gov/attorneygeneral/2853.htm) is offering and encouraging you to sign up for a free credit freeze with each of the three credit bureaus. A credit freeze places a hold on your credit where a new line of credit could not be obtained without you unfreezing your credit. This doesn’t affect already open credit lines like an existing credit card, yet helps to protect you against someone opening new lines of credit in your name.


4. Keep in the Know


Finally, try to keep in the loop on the Anthem Breach. The best source for current information about this breach can be found at Anthem’s Frequently Asked Questions. (http://www.anthemfacts.com/faq)

MutualBank is here to help inform you of ways to help protect against identity theft. Thank you for trusting us.

Sunday, February 15, 2015

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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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