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5 Types of Loans to Consider For Your Small Business
Loans are a viable option for small businesses to access finance. Banks, credit unions, and other financial institutions frequently provide these loans, which can be put toward everything from merchandise and equipment to real estate and even serve as a lifeline for cash flow in times of expansion and contraction. 5 Ty
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SBA Loans and Financing
Small Business Administration (SBA) loans from Old National Bank offer financing for owners and entrepreneurs looking to start, buy, or expand a business.
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5 money conversations you should have before you get married
Money may not be the most romantic topic on the pre-wedding agenda, but it's probably the most important. According to a study of over 4,500 married
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Digital Marketing and Cybersecurity: A Very Practical Checklist
Those of us who work in digital marketing deal a lot with confidential information, and we need to do what we can to protect it from the bad guys. But there are other more recent threats that are increasing the importance of cybersecurity. Many recent cybersecurity examples often involve ransomware—where a hacker gets
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The significance of financial wellness benefits for employees in a COVID-19 world
For many employees, the COVID-19 pandemic has revealed how fragile their financial security is. A recent survey from the National Endowment for Financial Education found that nearly 9 in 10 (88%) Americans said that the COVID-19 crisis is causing stress on their personal finances. For employees, the pandemic has not on
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The ‘Shadow of a Leader’ and building an inclusive culture
By Corliss Garner, Chief DE&I Officer, SVP The role of a leader, both at work and at home, requires modeling the behavior and living desired
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Is Your Bank Treating Your Fairly? Compare to This Checklist
Old National Bank (ONB) is constantly improving and strives to gain our clients’ trust by always treating them fairly and with complete
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Why is LIBOR being discontinued?
LIBOR was introduced in the 1980’s as a benchmark interest rate that was intended to reflect banks’ average cost of short-term, wholesale unsecured borrowing. Over time, and particularly during the financial crisis that began in 2007, banks became less and less reliant on inter-bank lending. As a result, the number and dollar volume of transactions from which LIBOR was derived declined dramatically. To make up for this shortfall, LIBOR panel banks resorted to using “expert judgment” when submitting various rates used in calculating LIBOR. This left it susceptible to manipulation and fraud.
In 2017, the UK Financial Conduct Authority (FCA), the regulator for LIBOR, announced that after December 31, 2021, the panel banks would no longer be required to submit settings for LIBOR. (This has since been revised to June 30, 2023, for most LIBOR tenors.) This announcement effectively started the countdown to the end of LIBOR.
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Which Retirement Plan Should I Add to First?
Saving for retirement is one of the most important ways that you can prepare for your financial future. When you stop working, nearly all of your income dries up. Although you may qualify to receive Social Security benefits, they'll only go partway toward replacing the income that your job paid you. Relying too much on
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How Trump’s Tariffs Impact Small Businesses And Entrepreneurs
The recent Trump administration’s tariffs are stirring the markets, causing some of the most pronounced volatility in market history. However, small businesses are not immune from the recent tariffs.