# Old National Bank (SBA lending)

Midwest branch bank leading two states' SBA books.

A Midwest branch bank whose SBA practice carries Preferred Lender status and names business acquisition among its uses. By its own page it wrote $262.4 million of 7(a) loans in FY 2024, ranking a top-three SBA lender across its footprint and first by volume in Minnesota and Wisconsin.

- Category: SBA & Acquisition Lenders
- Pricing model: Custom Pricing
- Where it fits: Set Up & Fund the Search, Diligence & Close the Deal
- Website: https://www.oldnational.com/business/small-business-banking/loans/sba-loans-and-financing/

## At a Glance

Worth a [term sheet](https://searchspheresource.com/glossary/term-sheet) if your target sits in or near its footprint: the combination of delegated authority, two state-leading books, and the cheapest average pricing near the top of our file is hard to beat locally; pair it with a specialist for comparison.

## What It Costs

Loan products; no fee to engage. Its page quotes loans from $15,000 to $5 million across the 7(a), Express, and 504 programs. The FOIA loan file shows 87 change-of-ownership 7(a) loans totaling $89.9M in FY2025 at a 7.35% average initial rate, one of the cheaper books among the twenty most active acquisition lenders in the file.

## Best For

Buyers in the upper Midwest who want a branch relationship with a [Preferred Lender](https://searchspheresource.com/glossary/preferred-lender-program) that leads its home states' SBA volume and prices on the cheaper side of the acquisition-lending file

## Pros and Cons

- Pro: Preferred Lender Program status, approving on delegated authority
- Pro: Its own page claims a top-three SBA rank across its footprint and first by volume in Minnesota and Wisconsin
- Pro: The acquisition loans in the FOIA loan file average a 7.35% initial rate, cheaper than most of the twenty most active lenders
- Pro: A deep book: 481 [change-of-ownership](https://searchspheresource.com/glossary/change-of-ownership) loans across the file's six years, so the desk has seen deals like yours
- Con: A branch-driven Midwest bank rather than a built-for-remote national desk
- Con: Publishes no state list for its lending reach, so a buyer outside the upper Midwest should ask early whether the deal travels
- Con: No published rates or [searcher](https://searchspheresource.com/glossary/searcher)-community footprint to compare against the specialist desks

## What Searchers Say

Its own SBA page carries the volume claims; third-party SBA league tables consistently place it among the most active Midwest [7(a)](https://searchspheresource.com/glossary/sba-7a) lenders. It markets regionally rather than to the searcher community, so there is little practitioner commentary on how it handles a [search-fund](https://searchspheresource.com/glossary/search-fund) file.

## Sources

- https://www.oldnational.com/business/small-business-banking/loans/sba-loans-and-financing/
- https://searchspheresource.com/data/acquisition-lending

Also on this site: https://searchspheresource.com/resources/category/lender.md
Source: https://searchspheresource.com/resources/old-national-bank
Last checked: 2026-08-05

Site index for machines: https://searchspheresource.com/llms.txt