Old National Bank
Largest financial services company headquartered in Indiana with $45.7 billion in assets, ranking top 35 in U.S. Offers comprehensive retail and commercial banking, wealth management, investments, brokerage, trust services across Illinois, Indiana, Iowa, Kentucky, Michigan, Minnesota, Wisconsin.
Provider names, logos, and trademarks displayed on this page belong to their respective owners and are used for identification purposes only. VerSquare is not affiliated with, endorsed by, or sponsored by Old National Bank unless otherwise indicated.
No Reviews Yet
Be the first to share your experience! Reviews help other buyers make informed decisions.
Data source: SBA 7(a) FOIA loan-level data, covering activity through June 30, 2026 across the trailing 3 years (160 loan records for this lender). Refreshed quarterly from public loan-level records; figures are not supplied or reviewed by the lender.
Old National Bank ranks #26 of 564 SBA 7(a) lenders nationally by acquisition-loan volume.
Most of Old National Bank’s 7(a) acquisition lending falls in the $1M-$2M range: 46 loans, 28.8% of the portfolio.
| Loan size | Share of loans | Loans | % of portfolio |
|---|---|---|---|
| $0-$500K | 20 | 12.5% | |
| $500K-$1M | 42 | 26.3% | |
| $1M-$2M | 46 | 28.8% | |
| $2M-$3M | 21 | 13.1% | |
| $3M-$4M | 16 | 10.0% | |
| $4M-$5M | 15 | 9.4% |
Industries with highest loan volume
All Other Specialty Trade Contractors
13
loans
$2.0M
avg. amount
Full-Service Restaurants
9
loans
$706K
avg. amount
All Other Miscellaneous Fabricated Metal Product Manufacturing
5
loans
$2.8M
avg. amount
Limited-Service Restaurants
5
loans
$1.4M
avg. amount
Plumbing, Heating, and Air-Conditioning Contractors
4
loans
$1.4M
avg. amount
All Other Professional, Scientific, and Technical Services
4
loans
$1.8M
avg. amount
Automotive Body, Paint, and Interior Repair and Maintenance
3
loans
$1.8M
avg. amount
Landscaping Services
3
loans
$916K
avg. amount
Gasoline Stations with Convenience Stores
3
loans
$2.4M
avg. amount
Child Care Services
3
loans
$793K
avg. amount
10-Year
2.4%
Percentile Ranking
90th
90th percentile
Old National Bank’s median variable rate is + 2.75%, against a market median of Prime + 1.88%, 88 above market.
It priced below the market median in 5 of the last 8 quarters. 150 of the 160 loans in its trailing three-year book carried a fixed rate; the rest were variable.
| Loan Size | Avg Rate |
|---|---|
| $0-$500K | Prime + 0.90% |
| $500K-$1M | Prime + 3.00% |
| $1M-$2M | Prime + 2.75% |
| $2M-$3M | Prime + 1.52% |
| $4M-$5M | Prime + 0.25% |
over at time of loan origination
| Quarter | This lender | Market median | Market range | Loans |
|---|---|---|---|---|
| Q1 '21 | Prime + 2.13% | Prime + 2.25% | Prime + 1.75% – Prime + 2.75% | 4 |
| Q2 '21 | Prime + 1.75% | Prime + 2.25% | Prime + 1.75% – Prime + 2.75% | 3 |
| Q3 '21 | Prime + 1.75% | Prime + 2.00% | Prime + 1.50% – Prime + 2.50% | 7 |
| Q1 '22 | Prime + 1.50% | Prime + 2.00% | Prime + 1.74% – Prime + 2.50% | 7 |
| Q2 '22 | Prime + 2.00% | Prime + 2.00% | Prime + 1.50% – Prime + 2.50% | 3 |
| Q3 '22 | Prime + 1.75% | Prime + 1.75% | Prime + 1.25% – Prime + 2.25% | 4 |
| Q4 '22 | Prime + 1.63% | Prime + 1.75% | Prime + 1.00% – Prime + 2.00% | 4 |
| Q1 '23 | Prime + 1.90% | Prime + 1.75% | Prime + 1.25% – Prime + 2.25% | 3 |
Old National Bank has originated 7(a) acquisition loans in 14 states, most actively in Wisconsin (46), Minnesota (32) and Michigan (23). Darker states on the map carry more volume.
| State | Loans | % of Total |
|---|---|---|
| Wisconsin | 46 | 28.7% |
| Minnesota | 32 | 20.0% |
| Michigan | 23 | 14.4% |
| Indiana | 20 | 12.5% |
| Illinois | 15 | 9.4% |
| Kentucky | 6 | 3.8% |
| Tennessee | 5 | 3.1% |
| Missouri | 3 | 1.9% |
| North Carolina | 2 | 1.3% |
| California | 2 | 1.3% |
| Ohio | 2 | 1.3% |
| Florida | 2 | 1.3% |
| Georgia | 1 | 0.6% |
| South Carolina | 1 | 0.6% |
Claim this profile to manage your information, respond to reviews, and access analytics.