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Byline Bank

CHICAGO, IL 60601

⭐ SBA Preferred Lender
2,776
Loans Approved
$3.4B
Total Volume
$1.2M
Avg Loan Size
51
States Served

Quick Summary

Byline Bank is an SBA-approved lender headquartered in CHICAGO, Illinois. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 2,776 SBA 7(a) loans totaling $3.4B, with an average loan size of $1.2M. They serve businesses across 51 states.

About Byline Bank

Byline Bank is an SBA-approved lender headquartered in CHICAGO, Illinois. Since 2020, they have approved 2,776 SBA 7(a) loans totaling $3.4B, with an average loan size of $1.2M. As an SBA Preferred Lender, they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing times. They serve businesses across 51 states.

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Frequently Asked Questions

Is Byline Bank an SBA Preferred Lender?

Yes, Byline Bank is an SBA Preferred Lender (PLP). This means they have delegated authority from the SBA to approve loans without prior SBA review, resulting in faster approvals — typically 7–10 business days instead of 4–6 weeks.

How many SBA loans has Byline Bank approved?

According to SBA FOIA public records, Byline Bank has approved 2,776 SBA 7(a) loans totaling $3.4B since 2020. Their average loan size is $1.2M.

What states does Byline Bank serve?

Byline Bank serves businesses in 51 states: Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Washington D.C., Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, VI, Vermont, Washington, Wisconsin, West Virginia, Wyoming.

How do I apply for an SBA loan with Byline Bank?

To apply for an SBA 7(a) loan with Byline Bank, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.

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SBA 7(a) loans up to $5M · Rates from 10.5% · As fast as 7 days