Old National Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Old National Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 621310 | Offices of Chiropractors | 196 | $32.1M | $164K | 2.4% |
| 713940 | Fitness and Recreational Sports Centers | 182 | $58.6M | $322K | 2.2% |
| 722511 | Full-Service Restaurants | 164 | $88.7M | $541K | 2.0% |
| 811111 | General Automotive Repair | 135 | $39.1M | $290K | 1.6% |
| 561730 | Landscaping Services | 130 | $31.8M | $244K | 1.6% |
| 812112 | Beauty Salons | 115 | $26.0M | $226K | 1.4% |
| 621210 | Offices of Dentists | 114 | $45.6M | $400K | 1.4% |
| 624410 | Child Care Services | 112 | $63.1M | $564K | 1.4% |
| 238990 | All Other Specialty Trade Contractors | 97 | $59.5M | $614K | 1.2% |
| 722410 | Drinking Places (Alcoholic Beverages) | 87 | $28.9M | $333K | 1.1% |
Geographic Distribution
SBA lending activity for Old National Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Minnesota (MN) | 4,016 | $1.46B | 48.6% |
| Indiana (IN) | 896 | $342.2M | 10.8% |
| Wisconsin (WI) | 771 | $334.8M | 9.3% |
| Michigan (MI) | 459 | $324.0M | 5.6% |
| Illinois (IL) | 812 | $304.3M | 9.8% |
| North Dakota (ND) | 680 | $149.2M | 8.2% |
| Tennessee (TN) | 143 | $99.1M | 1.7% |
| Georgia (GA) | 56 | $71.9M | 0.7% |
| Kentucky (KY) | 167 | $55.3M | 2.0% |
| Florida (FL) | 35 | $37.4M | 0.4% |
| Ohio (OH) | 37 | $22.0M | 0.4% |
| California (CA) | 21 | $21.3M | 0.3% |
| Texas (TX) | 22 | $19.2M | 0.3% |
| New York (NY) | 7 | $10.2M | 0.1% |
| Connecticut (CT) | 4 | $8.8M | 0.0% |
| South Carolina (SC) | 6 | $8.6M | 0.1% |
| Missouri (MO) | 9 | $8.5M | 0.1% |
| North Carolina (NC) | 16 | $7.2M | 0.2% |
| Maryland (MD) | 7 | $6.9M | 0.1% |
| Iowa (IA) | 28 | $6.1M | 0.3% |
| New Jersey (NJ) | 4 | $5.9M | 0.0% |
| Pennsylvania (PA) | 10 | $5.6M | 0.1% |
| Colorado (CO) | 5 | $5.2M | 0.1% |
| South Dakota (SD) | 11 | $4.5M | 0.1% |
| Utah (UT) | 3 | $4.4M | 0.0% |
| Arkansas (AR) | 4 | $4.0M | 0.0% |
| Louisiana (LA) | 7 | $3.5M | 0.1% |
| District of Columbia (DC) | 2 | $2.5M | 0.0% |
| Virginia (VA) | 6 | $2.3M | 0.1% |
| Arizona (AZ) | 4 | $1.9M | 0.0% |
| Oklahoma (OK) | 2 | $1.7M | 0.0% |
| Idaho (ID) | 3 | $1.4M | 0.0% |
| Kansas (KS) | 6 | $1.3M | 0.1% |
| Alabama (AL) | 3 | $658K | 0.0% |
| Washington (WA) | 2 | $650K | 0.0% |
| Nevada (NV) | 2 | $495K | 0.0% |
| New Mexico (NM) | 1 | $183K | 0.0% |
| Nebraska (NE) | 1 | $150K | 0.0% |
| Oregon (OR) | 1 | $115K | 0.0% |
Why Choose Old National Bank?
Based on SBA 7(a) lending track record from 1991-2025
- ✓Proven Track Record: 8,269 SBA loans approved, totaling $3.34B in financing
- ✓Industry Expertise: Specialized focus on Offices of Chiropractors, Fitness and Recreational Sports Centers, Full-Service Restaurants
- ✓Competitive Terms: Average interest rate of 6.28% with flexible term lengths averaging 112 months
- ✓Loan Range: Loan sizes from $2K to $5.0M, with an average of $404K
- ✓Nationwide Reach: Active lending in 39 states, with strong presence in MN, IN, IL
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about Old National Bank SBA lending
What types of businesses does Old National Bank typically finance?
Old National Bank specializes in SBA 7(a) lending to specific industries including offices of chiropractors, fitness and recreational sports centers, full-service restaurants, general automotive repair. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Old National Bank's typical SBA loan terms?
Old National Bank's SBA 7(a) loans typically feature an average interest rate of 6.28% and average term length of 112 months (approximately 9 years). Loan sizes range from $2K to $5.0M, with an average loan size of $404K.
Do I need a business valuation for a Old National Bank SBA loan?
Yes, Old National Bank typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does Old National Bank compare to other SBA lenders?
Old National Bank has originated 8,269 SBA loans totaling $3.34B since 1991. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does Old National Bank lend in?
Old National Bank provides SBA 7(a) financing with particularly strong presence in MN, IN, IL, WI, ND. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
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