Quick access to working capital.

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 or Wisconsin
• Must be considered a “small business,” as defined by the SBA
  • Size standards vary by industry and are generally based on the number of employees or the amount of annual business receipts. To determine if your business meets the size standards, see Small Business Size Regulations
• Use of the funds must be for a sound business purpose
• Business must not be delinquent on any existing debt obligations to the U.S. government

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

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

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.

The SBA Express is to primarily be 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.

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.

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.

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.