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Is your business over two years old?

We’ve got loans for you.

Qualified companies in business for at least two years can receive rapid loan approval for working capital and equipment purchases. Our streamlined process allows for automatic decisioning with one single application.

Byline Express loans are not contingent on collateral1 and only IRS revenue verification is needed for loans under $150,000.2

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.
  • Must be in business 2+ years
  • Business located in Illinois, Southeast Wisconsin or Northwest Indiana
  • For-profit companies only
  • FICO Score of 680+ for loans $10,000 – $150,000 (only IRS revenue verification required2)
  • FICO Score of 625 for loans $150,000 – $500,000 (some documentation required3)

1Blanket security interest in business assets filed upon closing.
28821 or 4506 tax return revenue verification required.
3 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.

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If approved, borrower e-signs documents.

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Approved loan is funded.

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

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

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

  • 8821 or 4506 tax return revenue verification.

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 Express lines of credit can be used for working capital purposes such as inventory, receivables and day-to-day expenses. Term notes to be used for equipment purchases only.

How will I receive my Byline Express Loan funds?

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

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