SBA Loan in Old National Bank
SBA Loan at Old National Bank
Discover the power of an SBA-backed loan through Old National Bank — a financing solution designed to help small and growing businesses access the capital they need with confidence. Our SBA loan offering combines the federal Small Business Administration guarantee with Old National Bank’s personalized lending expertise, giving entrepreneurs flexible repayment options, competitive pricing, and a partner-focused approach that supports long-term growth.
Who this product is for
The Old National Bank SBA loan is tailored for small businesses across industries that require funding for expansion, equipment, inventory, working capital, commercial real estate, refinancing eligible debt, or seasonal needs. Whether you are an early-stage entrepreneur ready to scale, an established business owner planning a new location, or a manufacturer upgrading machinery, our SBA lending options aim to match your unique cash flow and long-range objectives.
Key benefits
- SBA-backed security: The SBA guarantee reduces lender risk, allowing Old National Bank to offer more accessible terms to qualified borrowers.
- Flexible use of funds: Proceeds can be used for a wide variety of business purposes, including working capital, real estate acquisition, tenant improvements, equipment purchases, and debt refinancing when eligible.
- Longer repayment terms: Terms are structured to align payments with business cash flow, often providing lower monthly payments than conventional loans for the same principal.
- Competitive pricing: Interest rates and fees are designed to be affordable and transparent, helping manage the cost of borrowing without surprising fees.
- Personalized guidance: Dedicated loan officers work with you from application through closing, helping you understand program requirements and preparing a loan package tailored to your goals.
- Support for growth: SBA financing can provide the capital needed to hire staff, enter new markets, increase production capacity, or stabilize operations during seasonal cycles.
Types of SBA loans available
Old National Bank offers access to SBA loan programs that are commonly used by small businesses. Available options may include term loans for fixed assets or working capital and loans for owner-occupied commercial real estate purchases. Program availability and features can vary, and our team will help you identify the right SBA solution based on your project, financial profile, and timeline.
Typical terms and structure
SBA loans through Old National Bank are structured to support repayment capacity and business stability. While exact terms depend on loan program, collateral, cash flow, and borrower qualifications, these loans commonly feature:
- Amortization schedules aligned with asset life or business needs.
- Competitive interest rates with fixed or variable options.
- Collateral requirements based on loan amount and collateral value.
- Repayment terms designed to reduce monthly pressure and improve cash flow reliability.
Eligibility and underwriting focus
Eligibility is determined by a combination of business creditworthiness, cash flow history, management experience, industry viability, and SBA program guidelines. Old National Bank emphasizes a relationship-based underwriting approach: we evaluate the whole business picture, not just a single metric, and work to present a compelling loan package that aligns with SBA criteria and lender standards.
Application process
Applying for an SBA loan at Old National Bank is a collaborative process. Our team will guide you through each step:
- Initial consultation to review goals, financing needs, and eligibility.
- Compilation of required documentation, including business and personal financial statements, tax returns, business plans or project summaries, and collateral information.
- Submission of a complete loan package for underwriting and SBA review when applicable.
- Approval, commitment, and loan closing, with a clear timeline and transparent communication throughout.
Documentation commonly requested
To streamline underwriting, borrowers should be prepared to provide standard business documentation. Typical items include:
- Recent business and personal income tax returns
- Profit and loss statements and balance sheets
- Accounts receivable and payable aging reports
- Business plan or executive summary for expansion projects
- Ownership and management resumes
- Details on collateral and existing debt
Why choose Old National Bank for SBA lending
Old National Bank combines regional banking strength with deep experience in SBA programs. Our benefits include a consultative lending team, efficient processing, clear communication, and a track record of helping businesses secure government-backed financing. We prioritize building long-term relationships and delivering practical funding solutions that foster stability and growth.
Common use cases
Small businesses commonly use SBA loans from Old National Bank for:
- Purchasing or refinancing owner-occupied commercial property
- Financing major equipment purchases
- Expanding into new locations or renovating existing facilities
- Stabilizing seasonal cash flow and covering working capital needs
- Consolidating higher-cost debts under more manageable terms
Frequently asked questions
How long does approval take? Timelines vary by program, completeness of documentation, and underwriting complexity. Our team focuses on efficient review and clear milestones so you know what to expect.
Are there prepayment penalties? Prepayment provisions depend on loan structure and program. Your loan officer will explain any applicable terms before closing.
Can newer businesses qualify? Many newer businesses can qualify if they demonstrate strong cash flow projections, experienced management, and a sound business plan. Old National Bank evaluates each opportunity on its merits.
Getting started
If your business is considering SBA financing, preparing a clear summary of your needs and gathering recent financial documents will help accelerate the process. Old National Bank’s lending team is ready to evaluate your situation, explain available SBA programs, and develop a financing proposal that supports your growth objectives while reflecting prudent underwriting standards.
An SBA loan at Old National Bank is more than financing — it’s a partnership that combines federal support with local banking expertise to help your business move forward with confidence.
Address Bank: Chicago, Illinois Evansville, Indiana, U.S.
Bank: Old National Bank
Headquarters: Evansville, Indiana
Products: Business Financing
Type: Sba Loan
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