Byline Express and SBA Express loans provide Chicagoland small business with financing options up to $500,000.
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Business must have an operating account with Byline Bank. Find your local branch to open an account. Minimal documentation required.
Byline Express Loans are designed for established businesses seeking faster access to capital with simplified underwriting. SBA Express Loans are government-backed and may offer longer repayment terms and expanded eligibility, including newer businesses, but require additional documentation and review.
If your business has been operating for 2 or more years and you need quick access to working capital, equipment, or inventory financing, a Byline Express Loan may be a strong fit. If you are acquiring a business or need longer repayment terms, an SBA Express loan might be a better option.
Both loan options are designed for speed, with a streamlined application process, rapid decisioning, and funding once approved and documentation is complete.
Byline Express Loans can be used for working capital, equipment, or inventory. SBA Express Loans can be used for a wider range of purposes, including business acquisition and general business expenses.
Byline Express Loans offer 5-year term loans or a 2-year line of credit with fixed or variable rates. SBA Express Loans offer fixed rate term loans with a repayment period of 10 years.
Yes. Businesses must have a Byline Bank operating account opened prior to applying. A banker can help you open an account if needed.
Approved loan funds are deposited directly into your Byline Bank business account. Lines of credit can be accessed as needed through online banking.
