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1. Trends Shaping the Next Generation of Healthcare Workers
   The healthcare industry is facing a mounting talent crisis—one where it’s become imperative for healthcare organizations and hospitals to recruit the
2. What Employees Really Want When They Return To Work
   A new study reveals which health protocols matter most to America’s workforce. How are employees feeling about their employer’s back-to-physical-workplace policies? A new study by the American Staffing Association offers some answers. According to the ASA Workforce Monitor study, employees’ most common requests in orde
3. Why AI-Driven Data Modernization Is Your Competitive Edge
   In today’s fast-moving digital world businesses can't afford to be slowed down by legacy data systems.
4. Worried About Social Security Cuts? 2 Moves to Make Right Now
   It's no secret that Social Security has been struggling financially for years. It's long been a hot-button topic in Washington, and more retirees are
5. The Most Important Part of Workforce Planning Is Skills Intelligence
   It impacts all talent decisions, yet most organizations leave skills-based workforce planning on the back burner. An organization's workforce plan is
6. 10 pandemic-related challenges likely to plague employers for foreseeable future
   While employees and employers alike have been eager (for months now) to get back to work as it used to be, the reality is that the workplace has changed — and possibly for the long term. Speculation abounds that this "new normal" will persist until there is a widely available and effective vaccine. This leaves employer
7. John V. Moran, IV
   John V. Moran, IV is the Chief Financial Officer and Chief Strategy Officer at Old National.
8. Financial Education Courses
   Old National provides financial education workshops for employers, non-profits, schools and more. Online and free in-person options available.
9. 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.

10. Am I eligible for an SBA loan?

    SBA lenders and SBA loan programs have different eligibility requirements. However, there are some basic requirements:

    • Location: Your business must be physically located and operate in the U.S.
    • Business type: Your business must be for-profit and in an eligible industry.
    • Investment: You, as the business owner, must have invested time or money into the business.
    • Size: Only small businesses qualify. The definition of a "small business" is based on number of employees or average annual receipts. Size standards information can be found on the sba.gov website.
    • Loan application history: You must not be able to get more traditional financing at favorable terms.

    You should also be able to demonstrate your ability to repay the loan and have a sound business purpose and plan.

    To learn more about SBA loans at Old National, please visit our SBA Loans website page.