Old National Bank SBA loans in Michigan
Short answer
SBA's loan file shows Old National Bank made 127 SBA loans in Michigan since October 2019. 48.0% financed a change of ownership, against 33.0% of its loans nationally. The lender made 0.97% of Michigan's SBA loans, against 0.43% of loans nationwide.
- SBA loans, Oct 2019 to Jun 2026
- 127
- median loan
- $500,000
- dollars approved
- $132.04M
- financed a change of ownership
- 48.0%
This site is not Old National Bank
sbaexpress.loans is not Old National Bank, and Old National Bank did not provide, review or pay for this page. Janover Capital LLC runs this site. Every figure on this page comes from SBA's public 7(a) loan file, not from Old National Bank.
These are the 127 SBA 7(a) loans Old National Bank made in Michigan approved October 2019 to June 2026. Each figure is set against all of its loans in the U.S. over the same period. State is where the business is, not where the lender is based. The file lists loans SBA approved, so it shows what the lender has done and not what it will do for you. Every state page for this lender uses this same period, so the pages can be compared with each other.
How Old National Bank differs in Michigan
What this means for you. If you are buying a business, purchases were a bigger share of these loans here than elsewhere.
Change of ownership
48.0% of the loans in Michigan financed a change of ownership, against 33.0% of its loans nationally.
Share of the state's loans
Old National Bank made 0.97% of the SBA loans approved in Michigan since October 2019, against 0.43% of loans nationwide. Its share here is 2.3 times its national share.
We compared 9 measures with the national figure for the same period, and these are the 2 that differ clearly. The table compares every measure.
Michigan next to the U.S.
| Measure | Michigan | All its U.S. loans | Reading |
|---|---|---|---|
| Lender's share of all SBA loans | 0.97% | 0.43% | Clearly higher |
| Median loan | $500,000 | $500,000 | No clear gap |
| Middle half of loans | $137,500 to $1,363,300 | $200,000 to $1,247,675 | – |
| Startups (the loan opens the business) | 8.7% | 17.8% | No clear gap |
| In business 2 years or less | 22.0% | 20.9% | No clear gap |
| In business more than 2 years | 19.7% | 27.8% | No clear gap |
| Change of ownership | 48.0% | 33.0% | Clearly higher |
| SBA Express | 40.2% | 30.8% | No clear gap |
| Lines of credit | 37.8% | 28.8% | No clear gap |
| Median term | 10 years | 10 years | – |
| Median spread over Prime at approval | 1 point over Prime | 1.5 points over Prime | – |
Clearly higher and clearly lower mark a gap large enough to matter and unlikely to be chance for this many loans. Spread over Prime is the rate at approval minus Prime that day, so it is not today's rate. Rows with a dash are shown for reference.
What Old National Bank lends to in Michigan
The 2 industries below account for 13 of the 127 loans approved October 2019 to June 2026, or 10.2%. An industry is listed when it has 5 or more of them, five at most.
| Industry | Loans | Share here | U.S. share |
|---|---|---|---|
| Plumbing, Heating, and Air-Conditioning Contractors | 7 | 5.5% | Not in top 5 |
| All Other Specialty Trade Contractors | 6 | 4.7% | 3.5% |
Share here is the industry's share of the lender's loans in this state. U.S. share is its share of all the lender's loans nationally. Not in top 5 means it is not one of the lender's five most common industries.
Old National Bank in other states
Other states where these loans differ clearly from the national pattern, most loans first.
| State | Loans since October 2019 |
|---|---|
| Minnesota | 455 |
| Wisconsin | 193 |
| Tennessee | 80 |
| North Dakota | 52 |
Other lenders in Michigan
Other lenders in Michigan with a clear difference from the national pattern, most loans first.
| Lender | Loans since October 2019 |
|---|---|
| The Huntington National Bank | 6,793 |
| First Internet Bank of Indiana | 146 |
| First Merchants Bank | 95 |
| CDC Small Business Finance | 58 |
How to read this
Counts come from SBA's 7(a) loan-level data release, as of June 30, 2026. The file lists loans SBA approved. It does not list declined applications, so it cannot show approval odds. We do not publish any figure built on fewer than 5 loans. A lender's past loans do not describe its current credit policy. Location is the borrower's address in the file. Loans are those approved October 1, 2019 to June 30, 2026. SBA's fiscal year runs October 1 to September 30. Each figure is set against the national figure for the same period. A gap is called clear when it is large enough to matter and unlikely to be chance for this many loans. A comparison with no clear gap in the loans is not published. Express counts SBA Express and Export Express loans. Lines of credit are loans SBA's file flags as revolving. How we build these pages.
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Cite this page: Old National Bank SBA loans in Michigan. SBA Express Loans, Janover Capital LLC (data as of June 30, 2026). https://www.sbaexpress.loans/sba-express-lenders/old-national-bank/michigan/
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