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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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Hosted by Old National Bank Financial Empowerment
Hosted by Old National Bank Financial Empowerment Director Ben Joergens, each Real-Life Finance episode focuses on everyday financial solutions that
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Real-Life Finance Podcast #13 | Maximizing Your Benefits
This episode explores the importance of understanding and leveraging employee benefits—including health insurance, retirement plans, tuition reimbursement, and mental health support—to enhance your financial well-being.
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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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Why CFOs—not chief AI officers—are the secret to getting real value from AI
When CFOs oversee AI projects and are responsible for scoring outcomes, companies tend to extract more value
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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 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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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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Here's How to Tell if Relocating for a Job Is Worth it
While remote work is becoming more and more prevalent thanks to technology and workplace changes wrought by COVID-19, it is not yet available to everyone or in all career fields.