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Small business loans to help grow your business.

Qualified small businesses can receive rapid approval for working capital and equipment purchases, with no collateral required. And, no financials are needed for loans under $150,000.1

As an experienced SBA lender, we also offer SBA Express loans for applications that don’t qualify conventionally, through automatic decisioning with one single application.

Talk to an Expert

First, let’s check your eligibility.

  • Business must have an operating account with Byline Bank. Need to open an account? Find your local branch.
  • FICO Score of 650+ for loans $10,000 – $150,000 (no documentation required1)
  • FICO Score of 625 for loans $150,000 – $500,000 (some documentation required2)
  • Must be in business 2+ years
  • For-profit companies only
  • Business located in Illinois, Southeast Wisconsin or Northwest Indiana

1 Revenue verification required. 2 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.

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Loan Amount

$10,000 – $500,000

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Term

Term loans 5 years

Lines of credit up to 2 years

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Interest Rate

Variable and fixed rates

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Use of Funds

Working Capital

Equipment

Inventory Purchase

An expedited application process.

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Byline evaluates application. Expedited decision.

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Byline verifies revenue and/or documentation.

FAQs

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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
  • For SBA Express loans, use of the funds must be for a sound business purpose and business must not be delinquent on any existing debt obligations to the U.S. government

Additional qualifications may apply for an SBA Express loan. Learn more about what the SBA considers an ineligible business.

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 $150,000 – $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

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.

How can I use Byline Express Loan funds?

Byline’s conventional loans and lines of credit can be used for the business purpose of your choosing. SBA Express loans are primarily used for the day-to-day working capital needs of the business (such as payroll, bills, inventory purchase, etc.).  Additional uses may also be eligible. The SBA Express is not to be used for the refinance of debt, including credit cards, or for real estate purchases.

How will I receive my Byline Express Loan funds?

If your loan is approved and funded, the funds will be placed directly into your Byline Bank business checking or business savings account for immediate use.

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

How is Byline’s SBA Express loan different from a regular SBA 7(a) Loan?

Byline’s SBA Express loan is meant for loan amounts of $10,000 – $150,000 or less and have a streamlined, simple application. Standard SBA 7(a) Loans are usually larger in amount, more complex, and would require a full financial package in order to apply.  Additionally, SBA 7(a) Loans go through a standard underwriting process. If you’re looking for a larger loan amount for your business, please complete our Get Started Now form and a member of our specialized SBA team will get in touch with you.