CHICAGO – Byline Bank was selected as the Illinois SBA 7(a) Lender of the Year for dollar volume by the Illinois District Office of the U.S. Small Business Administration at an award presentation on September 21, 2020. Byline received the award for providing the best overall performance for the SBA 7(a) loan program based upon the total dollars delivered to Illinois small businesses in 2019. Byline Bank’s Illinois SBA-backed loans totaled over $130 million in FY2019, which created 1,202 jobs, according to the SBA.
Designated by the SBA as an SBA Preferred Lender, Byline Bank ranked fifth nationally in FY2019 for SBA 7(a) loan volume, according to the SBA and is currently ranked second in the country through August 31, 2020. Byline is also ranked #1 in Wisconsin for SBA 7(a) loan volume.
“Byline’s hard work with the SBA 7(a) program has had a tremendous impact on small businesses throughout the state of Illinois,” said Bob Esquivel, Supvy Lender Relations Specialist, Illinois District Office, U.S. Small Business Administration. “The dedication they’ve shown to helping local small businesses and creating jobs year after year is commendable.”
“We’re so pleased to be able to support small businesses throughout Chicagoland and Illinois by providing financing for them to sustain and grow,” said Michael Adams, Senior Vice President and SBA Sales Manager of Small Business Capital, the SBA lending division of Byline Bank. “It’s a testament to our team, who’ve worked tirelessly with business owners to obtain the access to capital needed to succeed.”
About Byline Small Business Capital
Byline Bank’s Small Business Capital team specializes in government guaranteed lending nationwide, with loan production offices throughout the Midwest and in Southern California. Distinguished by the SBA as an “SBA Preferred Lender,” Byline Bank is a top 5 SBA lender in the nation and is the number one SBA lender in Illinois and Wisconsin. Byline Small Business Capital also specializes in USDA lending across the country. For more information, visit: www.bylinebank.com.
About Byline Bank
Headquartered in Chicago, Byline Bank, a subsidiary of Byline Bancorp, Inc. (NYSE:BY), is a full-service commercial bank serving small- and medium-sized businesses, financial sponsors, and consumers. Byline Bank has approximately $6.4 billion in assets and operates more than 50 full-service branch locations throughout the Chicago and Milwaukee metropolitan areas. Byline Bank offers a broad range of commercial and retail banking products and services including small ticket equipment leasing solutions.