Lenders › Old National Bank
7(a) lenderEvansville, IndianaFDIC-insured bank32nd of 2,184 by approvals
Old National Bank
SBA 7(a) loan approvals by fiscal year, where they went, how large they were, and how loans from earlier years turned out.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
Old National Bank (Evansville, Indiana) is an FDIC-insured bank in the SBA 7(a) program, 32nd of 2,184 by approvals in FY2021 to FY2025: 1,304 loans worth $1.24bn.
In FY2025, the latest complete fiscal year, it had 229 approvals totalling $207M, down 22% on FY2024 (293). FY2026 to 30 Jun 2026 adds 128 more.
The median approval was $500K, against $190K for the 7(a) program as a whole; 21.2% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 33 states and territories and 274 counties, led by Minnesota (30.9%), Wisconsin (14.3%) and Indiana (13.2%). The largest industry group was construction at 12.3% of approvals, and 14.6% of approvals were to franchise businesses.
Of 2,509 disbursed loans approved in FY2010 to FY2021, SBA records 118 as charged off (4.7%), 2,011 as paid in full and 380 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is below it.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Loans appear under the lender they are assigned to today, so a lender's figures include loans it took over. Data through 30 Jun 2026.
Approvals by fiscal year
| Fiscal year | Approvals | Dollars approved | Median approval | Average approval | Jobs supported, as reported |
|---|---|---|---|---|---|
| FY2026* | 128 | $134M | $492K | $1.0M | 1,950 |
| FY2025 | 229 | $207M | $465K | $903K | 3,942 |
| FY2024 | 293 | $303M | $500K | $1.0M | 5,735 |
| FY2023 | 295 | $323M | $657K | $1.1M | 4,779 |
| FY2022 | 215 | $174M | $414K | $809K | 2,831 |
| FY2021 | 272 | $236M | $488K | $867K | 3,643 |
| FY2020 | 154 | $111M | $259K | $720K | 2,078 |
| FY2019 | 171 | $89.0M | $200K | $520K | 2,372 |
| FY2018 | 195 | $89.8M | $196K | $460K | 3,236 |
| FY2017 | 225 | $86.8M | $150K | $386K | 2,890 |
| FY2016 | 217 | $101M | $150K | $467K | 4,662 |
Approvals are counted in the year SBA approved them and include approvals later cancelled. In the five fiscal years before the current window (FY2016–FY2020) the lender had 962 approvals. First approval on file: FY2010.
How earlier loans turned out
Only loans approved at least five fiscal years ago (FY2010–FY2021) are counted, because newer loans have had little time to be paid in full or charged off. "Charged off" is SBA's status for a loan on which it has written off the remaining balance.
| Loans approved FY2010–FY2021 | This lender | Minnesota | 7(a) program |
|---|---|---|---|
| Approvals in these years | 2,757 | 18,934 | 639,905 |
| Cancelled or never disbursed | 248 | 2,040 | 79,313 |
| Disbursed loans | 2,509 | 16,894 | 560,592 |
| Paid in full | 2,011 | 13,664 | 435,813 |
| Charged off | 118 | 778 | 36,891 |
| Still outstanding (status exempt from disclosure) | 380 | 2,452 | 87,888 |
| Charged off, share of disbursed loans | 4.7% | 4.6% | 6.6% |
| Dollars charged off, share of disbursed dollars | 2.2% | 2.4% | 2.5% |
| Dollars charged off | $27.8M | $131M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 232 | 89 | 3 | 1.3% | 2.8% |
| FY2020 | 143 | 78 | 1 | 0.7% | 4.0% |
| FY2019 | 158 | 111 | 5 | 3.2% | 6.7% |
| FY2018 | 183 | 125 | 14 | 7.7% | 7.9% |
| FY2017 | 218 | 170 | 8 | 3.7% | 7.7% |
| FY2016 | 204 | 183 | 6 | 2.9% | 7.2% |
| FY2015 | 205 | 184 | 11 | 5.4% | 6.9% |
| FY2014 | 204 | 190 | 7 | 3.4% | 6.4% |
| FY2013 | 202 | 182 | 14 | 6.9% | 6.0% |
| FY2012 | 190 | 175 | 7 | 3.7% | 6.3% |
| FY2011 | 316 | 292 | 21 | 6.6% | 6.9% |
| FY2010 | 254 | 232 | 21 | 8.3% | 9.2% |
A share is shown only where at least 30 loans from that year were disbursed.
Against the 7(a) program
| FY2021–FY2025 | This lender | 7(a) program |
|---|---|---|
| Median approval | $500K | $190K |
| Average approval | $953K | $518K |
| Approvals of $150,000 or less | 21.2% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 37.9% | 34.3% |
| Approvals to franchise businesses | 14.6% | 11.5% |
| Jobs supported per approval, as reported | 16.1 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 4.7% | 6.6% |
States served
| # | State of the business (33 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Minnesota | 403 | $346M | 30.9% | |
| 2 | Wisconsin | 187 | $191M | 14.3% | |
| 3 | Indiana | 172 | $138M | 13.2% | |
| 4 | Michigan | 117 | $126M | 9.0% | |
| 5 | Illinois | 100 | $110M | 7.7% | |
| 6 | Tennessee | 56 | $52.1M | 4.3% | |
| 7 | North Dakota | 47 | $36.3M | 3.6% | |
| 8 | Georgia | 46 | $66.3M | 3.5% | |
| 9 | Kentucky | 41 | $32.0M | 3.1% | |
| 10 | Florida | 23 | $26.9M | 1.8% | |
| 11 | California | 17 | $19.0M | 1.3% | |
| 12 | Texas | 12 | $11.5M | 0.9% |
In Minnesota the lender accounts for 4.9% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (274 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Hennepin County, MN | 95 | $81.9M | 7.3% | |
| 2 | Cook County, IL | 56 | $58.7M | 4.3% | |
| 3 | Waukesha County, WI | 45 | $38.1M | 3.5% | |
| 4 | Marion County, IN | 41 | $47.0M | 3.1% | |
| 5 | Dakota County, MN | 33 | $31.7M | 2.5% | |
| 6 | Anoka County, MN | 33 | $25.9M | 2.5% | |
| 7 | Milwaukee County, WI | 33 | $25.9M | 2.5% | |
| 8 | Kent County, MI | 29 | $19.7M | 2.2% | |
| 9 | Cass County, ND | 24 | $14.1M | 1.8% | |
| 10 | Ramsey County, MN | 22 | $15.5M | 1.7% | |
| 11 | Washington County, MN | 17 | $25.6M | 1.3% | |
| 12 | Hamilton County, IN | 16 | $6.2M | 1.2% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Construction | 160 | 12.3% | |
| 2 | Retail Trade | 157 | 12.0% | |
| 3 | Other Services (except Public Administration) | 149 | 11.4% | |
| 4 | Manufacturing | 144 | 11.0% | |
| 5 | Accommodation and Food Services | 138 | 10.6% | |
| 6 | Health Care and Social Assistance | 136 | 10.4% | |
| 7 | Professional, Scientific, and Technical Services | 106 | 8.1% | |
| 8 | Arts, Entertainment, and Recreation | 72 | 5.5% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 115 | 8.8% | |
| 2 | Other Amusement and Recreation IndustriesNAICS 7139 | 62 | 4.8% | |
| 3 | Automotive Repair and MaintenanceNAICS 8111 | 50 | 3.8% | |
| 4 | Offices of Other Health PractitionersNAICS 6213 | 47 | 3.6% | |
| 5 | Other Specialty Trade ContractorsNAICS 2389 | 45 | 3.5% | |
| 6 | Building Equipment ContractorsNAICS 2382 | 45 | 3.5% | |
| 7 | Personal Care ServicesNAICS 8121 | 42 | 3.2% | |
| 8 | Other Personal ServicesNAICS 8129 | 37 | 2.8% | |
| 9 | Services to Buildings and DwellingsNAICS 5617 | 34 | 2.6% | |
| 10 | Child Day Care ServicesNAICS 6244 | 31 | 2.4% |
Approval sizes
- $50,000 or less6.9%90
- $50,001 to $150,00014.3%187
- $150,001 to $350,00020.3%265
- $350,001 to $1 million29.1%380
- $1 million to $2 million15.3%200
- Over $2 million14.0%182
Loan terms
- 5 years or less6.6%86
- Over 5 to 10 years61.0%796
- Over 10 to 20 years12.6%164
- Over 20 years19.8%258
Age of the businesses
- Existing, more than 2 years old28.0%365
- New business, 2 years or less22.0%287
- Startup, loan funds will open the business15.9%207
- Change of ownership33.9%442
- Not answered0.2%3
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 793 | 60.8% | |
| 2 | SBA Express Program | 420 | 32.2% | |
| 3 | 7a General | 88 | 6.7% | |
| 4 | International Trade Loans | 2 | 0.2% | |
| 5 | Working Capital CAPLine | 1 | 0.1% |
Franchise share
190 of 1,304 approvals in FY2021–FY2025 (14.6%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | The UPS Store | 9 | 0.7% | |
| 2 | Jimmy John's | 6 | 0.5% | |
| 3 | Visiting Angels | 4 | 0.3% | |
| 4 | The Toasted Yolk Cafe | 4 | 0.3% | |
| 5 | Code Ninjas | 4 | 0.3% | |
| 6 | Sky Zone | 3 | 0.2% | |
| 7 | The Learning Experience | 3 | 0.2% | |
| 8 | Jones Petroleum Company, Inc. | 3 | 0.2% |
Questions and answers
How many SBA loans does Old National Bank make?
SBA approved 229 7(a) loans through Old National Bank in FY2025, worth $207M, and 1,304 over FY2021 to FY2025. That ranks 32nd of 2,184 active 7(a) lenders by number of approvals.
How large are Old National Bank's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $500K and the average $953K. The program-wide median was $190K.
What is Old National Bank's charge-off rate?
Of 2,509 disbursed loans approved in FY2010 to FY2021, SBA records 118 as charged off (4.7%), 2,011 as paid in full and 380 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is below it. Loans are listed under the lender that holds them today, so the figure includes loans taken over from other lenders. Status is as recorded by SBA on 30 Jun 2026.
Which industries does Old National Bank lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (115); other amusement and recreation industries (62); automotive repair and maintenance (50); offices of other health practitioners (47).
Where does Old National Bank make SBA loans?
In 33 states and territories. Minnesota 403, Wisconsin 187, Indiana 172, Michigan 117, Illinois 100. In Minnesota it accounts for 4.9% of all 7(a) approvals.
Is Old National Bank's SBA lending rising?
Approvals in the three latest complete fiscal years total 817, against 641 in the three before: rising (+27%).
Where does this data come from?
From the Small Business Administration's 7(a) and 504 FOIA loan files, as of 30 Jun 2026. Borrower names and addresses in those files are discarded when the files are read and appear nowhere on this site.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error