Byline Bank’s Commercial Lending teams accomplished a record year, with $1.2 billion in loan and lease originations* in 2021. “I wish to congratulate our hardworking lending teams bank-wide for helping our clients to write their stories this past year,” said Alberto Paracchini, CEO of Byline Bank. “I would also like to thank all of our customers for entrusting Byline with their financing needs and look forward to continuing to support their business growth in 2022.”
The Commercial and Industrial team grew outstanding loans by $385MM in 2021, a 28% increase from the prior year end. Much of that growth came from assisting with new customers’ credit needs, with the balance supporting our long-term existing customers. Byline’s Commercial Banking group continues to differentiate itself as a trusted resource for commercial customers. Quick and logical decision making by an empowered senior lending team continue to be the benchmarks for the team’s continued growth and success.
Byline’s Commercial Real Estate Group (CREG) originated over $490MM in new commitments, a greater than 60% increase from the previous year’s record production totals. CREG closed construction loans, bridge loans and term loans for industrial, multi-family, self-storage, and office properties nationwide, for both new and existing customers—furthering Byline CREG’s strategy of building lasting relationships with best-in-class sponsors.
Byline Sponsor Finance (BSF) originated nearly $300MM in new commitments and closed over 30 transactions during 2021, with half of those being new platform investments. BSF continued to invest in supporting the sponsor finance market through opening its Charlotte, NC office and expanding the team to 12 investment professionals. BSF will continue to expand its team and capabilities in 2022 to further support the private equity community and be the lender of choice in the lower middle market.
Byline Small Business Capital (SBC), the bank’s government-guaranteed lending division, closed $592MM in SBA and USDA loans in 2021. Byline is ranked fifth nationally and first in Illinois and Wisconsin for SBA 7(a) in loan dollar volume and is a top 10 USDA lender nationally. Designated by the SBA as an SBA Preferred Lender, Byline’s SBC team is known for creative loan structures and thinking outside the box to help businesses gain access to the capital they need.
Byline Financial Group (BFG), the bank’s equipment financing division, finished the year with a record $249MM in loan and lease originations to vendors and end-users nationwide. Specializing in industries such as material handling, compact utility, healthcare and energy efficiency, BFG’s team has a streamlined financing process and single point of contact to close deals fast.
*Excluding PPP loans