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Byline Bank (IL)

Byline Bank (IL)

Administrative Management and General Management Consulting Services Aircraft Engine and Engine Parts Manufacturing All Other Amusement and Recreation Industries All Other Insurance Related Activities All Other Professional, Scientific, and Technical Services All Other Specialty Trade Contractors Architectural Services Automotive Body, Paint, and Interior Repair and Maintenance Automotive Glass Replacement Shops Baked Goods Stores Bowling Centers Car Washes Child Day Care Services Child and Youth Services Coin-Operated Laundries and Drycleaners Commercial Bakeries Custom Architectural Woodwork and Millwork Manufacturing Electrical Contractors Farm and Garden Machinery and Equipment Merchant Wholesalers Fitness and Recreational Sports Centers Flooring Contractors Freight Transportation Arrangement Frozen Fruit, Juice, and Vegetable Manufacturing Full-Service Restaurants Glass and Glazing Contractors Homes for the Elderly Hotels (except Casino Hotels) and Motels Industrial Supplies Merchant Wholesalers Insurance Agencies and Brokerages Iron and Steel Forging Janitorial Services Limited-Service Restaurants Marketing Consulting Services Medical, Dental, and Hospital Equipment and Supplies Merchant Wholesalers Miscellaneous Financial Investment Activities Mortgage and Nonmortgage Loan Brokers Nail Salons Offices of Certified Public Accountants Offices of Dentists Offices of Other Holding Companies Other Activities Related to Real Estate Other Airport Operations Other Foundation, Structure, and Building Exterior Contractors Other Grocery and Related Products Merchant Wholesalers Other Personal Care Services Other Services Related to Advertising Pet Care (except Veterinary) Services Plumbing, Heating, and Air-Conditioning Contractors Private Mail Centers Remediation Services Residential Mental Health and Substance Abuse Facilities Residential Mental Retardation Facilities Residential Property Managers Roofing Contractors Snack and Nonalcoholic Beverage Bars Sports Teams and Clubs Sports and Recreation Instruction Supermarkets and Other Grocery (except Convenience) Stores Temporary Help Services

7a General

7a with EWCP

7a with WCP

Change of Ownership

Existing or more than 2 years old

# Fixed Rates

# International Trade Loans

# Loan Funds will Open Business

# New Business or 2 years or less

# Preferred Lenders Program

# SBA Express Program

# Startup

# Variable Rates

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SBA Loan Approvals as of 6/30/25 402

SBA Loans Total Approval Amount as of 6/30/25 $441,537,800

Average SBA Loan Size as of 6/30/25 $1,098,353

Average SBA Loan Rate over Prime (Prime is 7%) 2.75

Unlock Your Financial Potential with Byline Bank (IL)

Byline Bank is a Chicago-based community bank with deep roots in Illinois and a strong focus on helping small businesses succeed. Known as one of the top SBA lenders in the nation, Byline Bank combines personal service with the resources of a major lender to support entrepreneurs at every stage of growth.

Key Features of Byline Bank

Comprehensive Business Banking: Business checking and savings accounts, treasury management, merchant services, and online tools tailored to simplify your company’s finances.
SBA Loan Expertise: Byline Bank is consistently ranked among the top SBA lenders nationwide, offering SBA 7(a), SBA Express, and 504 loans. Its dedicated SBA Lending Division helps entrepreneurs navigate the application process and secure government-backed financing for working capital, equipment purchases, and real estate.
Flexible Commercial Lending: In addition to SBA loans, the bank offers term loans, lines of credit, commercial mortgages, and construction financing with local decision-making and personalized underwriting.
User-Friendly Digital Tools: Robust online and mobile banking for both personal and business accounts give you convenient, 24/7 access to your finances.
Commitment to Community: As an Illinois-based bank, Byline reinvests in local neighborhoods, supports economic-development initiatives, and provides hands-on guidance to small business owners.

Why Choose Byline Bank for SBA Loans?

Byline Bank stands out as one of the nation’s premier SBA lenders. Its SBA team has the expertise and authority to approve loans quickly, making the process smoother for entrepreneurs. With competitive rates and personalized service, Byline helps Illinois businesses access the capital they need to grow.

How to Get Started

Ready to grow your business with an SBA loan or other financing option? Visit the Byline Bank SBA Lending page to explore current offerings, review eligibility, and connect with an SBA specialist who can guide you through the process.

Empower your financial future today with Byline Bank — where Illinois businesses come to grow.

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