The club was established in 1964 as Loimaan Korikonkarit. The team was renamed Bisons after it was promoted to the Korisliiga in 2011. The team won the Finnish league championship in its first season in the league. Bisons won the championship once again in 2013, and qualified to play in Europe's 2nd-tier competition, the Eurocup, during the Eurocup 2013–14 season.
On 31 May 2016, Bisons Loimaa announced it will not participate in the top Finnish league due to financial problems and would join the second division.[2]
The club plays its national domestic league home games at the Loimaa Sports Center in Loimaa.