FOR IMMEDIATE RELEASE
April 24, 2018
Byline Bank Receives 2018 SBA Export Lender of the Year Award
WASHINGTON D.C. – Byline Bank was honored by the U.S. Small Business Administration as the 2018 SBA Export Lender of the Year for small lending institutions, during a ceremony at the 11th annual SBA Export Lender Roundtable in Washington, D.C. Byline Bank was recognized for its efforts to increase access to capital for United States companies, providing international trade financing to small businesses with $16.1 million in export loans in fiscal year 2017.
“I want to congratulate and thank Byline Bank for helping small business exporters expand, create high-wage jobs for American workers and advance small business innovation,” said SBA Administrator Linda McMahon. “SBA export lenders play a pivotal role in helping small business exporters to compete and succeed in the global market.”
“This award is meaningful to our team, who pride themselves in helping provide small businesses with the access to capital and financing solutions they need,” said Bruce Lammers, President of Small Business Capital, the SBA lending division of Byline Bank. “To know we’ve made a difference in the niche export market is especially gratifying.”
According to the SBA, 98% of all U.S. exporters are small businesses. During fiscal year 2017, the SBA guaranteed $659.6 million in financing to small business exporters, supporting more than ten thousand jobs. The SBA’s international trade finance programs to small businesses are designed to help small businesses develop new markets, finance export transactions, and expand production capacity to meet overseas demand.
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, in Tennessee and in Southern California. Distinguished by the SBA as an “SBA Preferred Lender,” Byline Bank is a top 10 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/small-business-capital.
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 $3.4 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 and is one of the top 10 Small Business Administration lenders in the United States.
About the U.S. Small Business Administration
The U.S. Small Business Administration makes the American dream of business ownership a reality. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start and grow their businesses. It delivers services to people through an extensive network of SBA field offices and partnerships with public and private organizations.
For more information please contact:
Mary Mistrioty, Marketing Officer