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SBA lending for home service businesses

Affordable capital for equipment, staffing and expansion from an experienced team.

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Using SBA financing to grow your home service business.

Home service businesses rely on capital for equipment, vehicles, staffing, and acquisitions. SBA 7(a) financing offers the funding structure to support expansion and help service providers take on more customers. Working capital is available when paired with a term loan, allowing your business to secure liquidity along with long-term funding.

As a top Small Business Administration (SBA) lender nationwide and an SBA Preferred Lender, Byline Bank has the authority to make credit decisions in-house, with flexible qualifying requirements and expedited approvals.

Why Byline Bank?

As a top lender in the U.S., our lending specialists understand the home services business and provide financing options for a variety of business needs.

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Details

  • Amount: Up to $5 million
  • Financing percentages: Up to 90% financing for acquisitions and up to 100% financing for expansions
  • Term: Up to 10 years for most uses, and up to 25 years for real estate
  • Footprint: Nationwide
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Purposes

  • Business acquisition
  • Business expansion
  • Equipment purchase
  • Working capital with term loan
  • Refinance
  • Real estate acquisition

Benefits

  • Faster approvals thanks to Byline’s SBA Preferred Lender status
  • Longer amortization
  • Lower loan payments
  • No future balloon payment
  • Closing costs can be included
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Write your next chapter with a Byline small business loan.