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Let’s help grow your business.

Qualified small businesses can receive SBA Express term loan funding for working capital by taking advantage of the security that comes with our fixed rate option.

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 680+
  • Must be in business 2+ years
  • For-profit companies only
  • Business located in Illinois or Wisconsin

Sound like your business?

Contact one of our banking specialists today.

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Loan Amount

$10,000 – $150,000

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Term

Term loans 5 years

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Interest Rate

Fixed rates

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Use of Funds

Working Capital

An expedited application process.

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Byline evaluates application.

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Borrower accepts terms and e-signs application.

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Application is sent to the SBA for review.

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Approved loan is funded.

FAQs

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How do I qualify for Byline’s SBA 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 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

What do I need to provide to apply?

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.

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 SBA Express Loan funds?

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.

How will I receive my SBA 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.

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.

What are the repayment terms for Byline’s SBA Express loan?

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.