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      Am I eligible for an SBA loan?

      SBA lenders and SBA loan programs have different eligibility requirements. However, there are some basic requirements:

      • Location: Your business must be physically located and operate in the U.S.
      • Business type: Your business must be for-profit and in an eligible industry.
      • Investment: You, as the business owner, must have invested time or money into the business.
      • Size: Only small businesses qualify. The definition of a "small business" is based on number of employees or average annual receipts. Size standards information can be found on the sba.gov website.
      • Loan application history: You must not be able to get more traditional financing at favorable terms.

      You should also be able to demonstrate your ability to repay the loan and have a sound business purpose and plan.

      To learn more about SBA loans at Old National, please visit our SBA Loans website page.