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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.
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College Savings Accounts: Which One is Right for You
For many families, saving for children’s college is a financial priority, often topped only by retirement savings. And with college costing an average
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3 small ways to start saving more money now that will add up over time
If you overspent during the holidays, here are three ways that can help you build your savings back up over time.
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3 Things a Small Business Can Do to Retain Employees
With the economy strong and a lot of companies looking for help, workers have more options than they otherwise would. That can create problems for small businesses, which may not be able to match the pay or perks at bigger firms. But just because big companies might offer your employees a raise does not mean you can't
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7 Big Marketing Trends Impacting Small Business
What are the big marketing trends impacting small business? I turned to industry experts for insight. Below are seven trends that small businesses in particular should pay attention to. Trend #1: Main Street businesses will have a renaissance. Laura Goldberg, Chief Revenue Officer for Kabbage. “Driven with the desire t
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Can Small Businesses Win Big In A Competitive World?
How small businesses can thrive in competitive markets by leveraging their unique strengths.
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Hispanic Heritage Month, celebrated annually from
Hispanic Heritage Month, celebrated annually from Sept. 15th to Oct. 15th, honors Hispanic and Latino cultures that have profoundly shaped the
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7 Small-Business Strategies for Customer Retention
Customer retention is an ongoing process, and it requires a genuine commitment to understanding and meeting your customers' needs. By Kalin Kassabov,
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Common Pitfalls When Finding a New Hire
Every hiring experience should be a learning experience. Finding a new hire can be one of the most difficult things to do for a small-business owner,
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Cybersecurity, IT top CFOs’ spending hike list
Dive Brief: Cybersecurity and digital transformation top the list of areas where CFOs expect to increase spending in the next 12 months, according