Byline Bank

Byline Bank is a community bank headquartered in Chicago, Illinois, that is consistently ranked among the most active SBA lenders in the United States. It serves businesses both in the Chicago metropolitan area and across the country through its national SBA lending program.

SBA loans are business loans partially guaranteed by the US Small Business Administration. The government backing allows approved lenders to offer longer repayment terms and often more competitive rates than conventional business loans. Byline Bank participates in both the SBA 7(a) and SBA 504 loan programs.

SBA 7(a) loans are the most versatile SBA loan type and can be used for working capital, equipment purchases, commercial real estate, business acquisitions and refinancing. SBA 504 loans are specifically structured for purchasing major fixed assets like commercial real estate and large equipment, and are offered in partnership with Certified Development Companies.

Byline Bank's status as a preferred SBA lender means it can approve many SBA loans in-house, which can reduce processing time compared to banks that must submit applications to the SBA for approval.

For businesses in the Chicago area and Illinois, Byline Bank also provides a full range of commercial banking services including business checking, conventional commercial loans and treasury management.

For business owners outside Illinois who are primarily interested in SBA financing, Byline Bank's national SBA lending operation may still be accessible. Contact the bank directly to confirm geographic availability.

As with any SBA loan, compare Byline Bank's terms against other SBA-preferred lenders before deciding. Fees, interest rates and service quality can vary between approved lenders.