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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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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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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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4 best practices for the global supply chain of the future
Polly Mitchell-Guthrie is the VP of industry outreach and thought leadership at Kinaxis. All opinions are the author’s own. Supply chain resiliency
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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
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Eco-Friendly Banking: Old National Bank's Commitment to Recycling Technology with ‘PCs for People’
We live in the digital age, where technology is at the heart of nearly every aspect of our lives. The financial industry relies on cutting-edge
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How Old National Bank ‘Pays it Forward’ Through Community ACE Teams
Collaboration is one of Old National’s six core values, one which our ACE Team members truly takes to heart. ACE (Associate Community Engagement)
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Microfinance vs. Macrofinance: What's The Difference?
Microfinance vs. Macrofinance: An Overview Microfinance and macrofinance represent two types of funding-related activities. The