Byline Bank is proud to announce it topped the charts for SBA lending in five categories at the close of the Small Business Administration’s (SBA) 2021 fiscal year. Byline Bank was named No. 1 SBA 7(a) lender in Illinois by dollar volume by the Illinois District Office of the SBA, a ranking Byline has held for 12 straight years. Byline Bank’s Illinois SBA-backed loans totaled $128.8 million in FY2021. Byline was also ranked the No. 1 Third Party Lender for SBA 504 loans in Illinois with $33.9 million in SBA 504 loans. Nationally, Byline Bank ranked fifth for SBA 7(a) loan dollar volume in FY2021, with loans totaling $687.9 million.
Designated by the SBA as an SBA Preferred Lender, Byline ranked first in Wisconsin for SBA 7(a) loan dollar volume in FY2021 by the Wisconsin District Office of the SBA for the seventh year in a row, with loans totaling $57.6 million. Byline also received the unique distinction of being named the No. 1 International Trade Loan (ITL) Lender nationally, providing SBA-backed export financing loans to small businesses totaling more than $37.0 million in FY2021.
“Byline is committed to supporting local small businesses throughout Illinois, Wisconsin and across the country by providing financing for them to sustain and grow,” said Tom Abraham, President, Small Business Capital, the SBA lending division of Byline Bank. “It’s been a tumultuous year and this recognition is a testament to our team who worked tirelessly with local small business owners during the pandemic to obtain the access to capital needed for them to succeed.”
About Small Business Capital
Byline Bank’s Small Business Capital team specializes in government guaranteed lending and provides SBA lending services throughout the country, with a primary focus on the Midwest, Tennessee, Florida, Texas, Colorado, Utah and 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.