Overview

The Working Capital Loan from Old National Bank is designed to provide businesses with dependable, short- to medium-term financing needed to manage daily operations, seize timely opportunities, and navigate seasonal or cyclical fluctuations. Whether you need to cover payroll, purchase inventory, bridge receivables, or invest in marketing campaigns, this loan offers a transparent, customizable solution that aligns with your company’s cash flow and growth objectives.

Key Benefits

• Reliable liquidity: Access funds quickly to meet operational needs without disrupting long-term capital or strategic plans.
• Flexible terms: Choose repayment schedules and amortization structures that fit your cash flow — from revolving lines to fixed-term loans.
• Competitive pricing: Benefit from interest rates and fee structures tailored to your credit profile and relationship history with Old National Bank.
• Simplified process: Clear documentation, streamlined underwriting, and responsive support reduce administrative burden and accelerate decision-making.
• Relationship banking: Leverage the insights of dedicated business bankers who understand your industry and can help structure the optimal financing package.

Product Features

• Loan types: Revolving lines of credit, term loans, and seasonal financing options to match different working capital cycles.
• Loan amounts: Customized to your company’s size, revenue, and collateral profile — from smaller facilities for startups to larger lines for established enterprises.
• Repayment options: Interest-only periods, graduated payments, and principal plus interest schedules available.
• Collateral flexibility: Secured and unsecured options depending on loan amount, borrower creditworthiness, and business needs.
• Renewal capability: Annual reviews and renewal options for ongoing working capital needs with proven performance.
• Speed to funds: Accelerated approval for qualified borrowers, with funds disbursed promptly upon completion of documentation.

Who Should Consider This Loan

The Working Capital Loan is ideal for small and medium-sized enterprises, growing companies, and established firms that require predictable access to operating capital. Typical use cases include:

• Managing seasonal revenue gaps and inventory build-up.
• Financing short-term projects or contracts until receivables are collected.
• Covering payroll, rent, utilities, and other recurring operating expenses.
• Seizing procurement discounts or one-time growth opportunities.
• Supporting a strategic pivot or marketing push that requires upfront investment.

Eligibility and Requirements

Eligibility is assessed on the basis of business history, cash flow stability, credit standing, and the ability to service the debt. While requirements vary according to loan type and amount, typical documents and qualifications include:

• Business financial statements (profit & loss, balance sheet) for recent periods.
• Bank statements and cash flow projections demonstrating repayment capacity.
• Tax returns for the business and, where required, for principal owners.
• Business plan or summary of how the funds will be used (for new or expanding ventures).
• Personal and business credit history, and documentation of collateral if applicable.

Application and Approval Process

Old National Bank aims to make the application process straightforward and transparent:

1. Initial consultation: Discuss your needs with a business banker to evaluate the most appropriate financing structure.
2. Document submission: Provide required financial statements and supporting documents to initiate underwriting.
3. Underwriting and decision: Our team evaluates creditworthiness, cash flow, and collateral to reach a timely decision.
4. Agreement and funding: Once terms are agreed and documentation signed, funds are disbursed according to the agreed schedule.
5. Ongoing support: Relationship managers help monitor performance and make adjustments as your business evolves.

Repayment and Management

Repayment options are designed to minimize strain on daily operations while ensuring predictable debt service. Customers can choose automated payments, interest-only options during seasonal peaks, or customized amortization schedules. Regular account reviews ensure that the facility continues to meet needs and that terms remain aligned with your business trajectory.

Why Choose Old National Bank

• Experienced advisors: Dedicated bankers with deep industry knowledge help craft solutions that go beyond financing.
• Flexible underwriting: A pragmatic approach that balances risk with an understanding of operational realities.
• Local decision-making: Responsive teams that prioritize timely outcomes and clear communication.
• Comprehensive services: Access to treasury, payroll, merchant services, and other business tools to streamline operations.

Frequently Asked Questions

Can I use a Working Capital Loan for long-term investments? This product is intended for short- to medium-term operational needs. For long-term capital projects, explore term loans or equipment financing products tailored to those investments.

How quickly can I get access to funds? Timelines vary by loan complexity and documentation completeness. Small revolving facilities for qualifying clients can be arranged rapidly; larger facilities may require additional underwriting time.

Is collateral always required? Collateral requirements depend on loan size, business credit profile, and structure. Unsecured options may be available for smaller amounts or well-established clients.