How do I qualify for a Byline Express Loan?

First, you must have an existing deposit account with Byline Bank. Loan qualifications include: Must be a for-profit business that has been active for at least two years. Business must be operating in Illinois, Southeast Wisconsin or Northwest Indiana.

How do I check the status of my application?

Once you submit an application, you will receive a link to see the status of your application via email on the same day you submit your application.

What are the repayment terms for a Byline Express Loan?

Term Notes: Loans are amortized fully over five years from date of funding. Interest rates will be fixed for the five years based on credit score and market rates. Lines of Credit under $150,000: 1/60 of principal outstanding plus interest is due monthly, with drawback at any time. Lines of Credit over $150,000: Interest-only due monthly. All lines of credit can be paid down or drawn up on as-needed through our simple online portal.

Quick access to working capital.

Name: Byline Express
Brand: Byline Bank
Availability: InStock

Byline Express Loans provide Chicagoland small businesses with expedited financing through term loans and revolving lines of credit from $10,000 – $500,000.

Let's Talk

Apply in minutes.
Rapid decision and funding.¹

Is a Byline Express Loan right for your business?

Talk to an Expert

Business located in Chicagoland

In business 2+ years
For-profit businesses

Loan amounts from $10,000 – $500,000

5-year term loans, 2-year LOC, variable & fixed rates

Financing for Working capital, equipment, or inventory

Additional eligibility requirements include:

Business must have an operating account with Byline Bank. Need to open an account? Find your local branch.
FICO Score of 680+ for loans $10,000 – $150,000
FICO Score of 625+ for loans $150,001 – $500,000
Minimal documentation required¹

¹For loans $10,000 – $150,000: 8821 tax return revenue verification required. For loans $150,001 – $500,000: Documentation includes last two years of filed Business tax returns, last year end internal financial statements if most recent year tax return not filed, year-to-date balance sheet and income statement, personal financial statement and last two years of filed personal returns. First position UCC required for loans over $150,000. Back to text ^

An expedited application process.

Contact a business banker to apply.

Byline verifies revenue and/or documentation.

Expedited decision.

If approved, borrower e-signs documents.

Approved loan is funded.

FAQs

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What do I need to provide to apply?

In order to apply for a Byline Express Loan, contact one of our experienced business bankers at a branch near you to begin our streamlined application process.

For loan requests of $150,001 – $500,000, please be prepared to provide:

Last two years of filed business tax returns
Last year end internal financial statements if most recent year tax return not filed
Year-to-date balance sheet and income statement
Personal financial statement
Last two years of filed personal returns

For loan requests $10,000 – $150,000, please be prepared to provide:

8821 tax return revenue verification.

How can I use Byline Express Loan funds?

Byline Express loans and lines of credit can be used for working capital, equipment, inventory and more.

How will I receive my Byline Express Loan funds?

If your term loan is approved, the funds will be placed directly into your Byline Bank business operating account for immediate use. Approved lines of credit are available to be drawn by customer online as needed.