Byline ranked No. 1 SBA lender in Illinois for the 15th year
CHICAGO, Oct. 16,
2023 /PRNewswire/ -- Byline Bank once again
ranked fifth among lenders nationwide in loan volume for SBA 7(a)
lending by the U.S. Small Business Administration (SBA) at the
close of the SBA's fiscal year on September
30, 2023. Byline also earned the top spot among Illinois lenders in SBA 7(a) loan volume and
ranked first nationally for International Trade Loans.
This marks the 15th consecutive year that Byline has received
recognition as the top SBA 7(a) lender in Illinois, delivering $139 million in
Illinois SBA-backed 7(a) loans in FY2023 to small business
borrowers. Byline also ranked second for Third Party Lenders for
SBA 504 loans in Illinois during
FY2023 with $35 million in SBA 504
loans.
"Byline Bank as an SBA Lender continues to play an instrumental
role in delivering funding to fuel the aspirations and growth of
small businesses across Illinois,"
said Bob Esquivel, Supervisory Lender Relations Specialist,
Illinois District Office of the U.S. Small Business Administration.
"Their consistency as a top SBA lender in Illinois is truly commendable, ensuring these
businesses have the financial partners and resources required for
their journey to success and job creation. We are grateful to have
dedicated lending partners like Byline."
"Small businesses are the lifeblood of our communities, and
Byline is proud to have supported small business owners in securing
the vital capital they need to pursue their dreams and grow their
businesses," said Tom Abraham,
President, Small Business Capital, the SBA lending division of
Byline Bank. "A significant portion of Illinois' private workforce is employed by
small businesses, which is one of the many reasons we're committed
to nurturing entrepreneurship and economic growth in Illinois."
"We know that Byline Bank is more than a financial institution
to our customers; it's a lifeline for many of our community's small
businesses," said Brogan Ptacin, Byline's Executive Vice President,
Head of Commercial Banking. "The SBA 504 loan program promotes
business growth and job creation, and we're proud to be a part of
that. Being recognized as a top lender for both SBA 7(a) and 504
loans once again reaffirms our commitment to empowering local
entrepreneurs."
SBA Lending Beyond Illinois
Nationally, Byline Bank
ranked fifth for SBA 7(a) loan volume in FY2023 with nationwide
loans totaling $536 million. Byline
also remained the number-one lender of SBA International Trade
Loans (ITL) nationally for the third consecutive year, providing
$31 million in vital SBA-backed
export financing loans to small businesses in FY2023. Additionally,
Byline ranked second for SBA 7(a) lending by volume by the
Wisconsin District Office of the SBA, with $28 million worth of loans granted in
Wisconsin in FY2023.
About Byline Bank's Small Business Capital Group
Byline Bank's Small Business Capital team specializes in
government-guaranteed lending, providing SBA financing throughout
the country, with a primary focus in the Midwest, Florida,
Colorado, Utah and California. Byline is distinguished by the SBA
as an SBA Preferred Lender, and also specializes in USDA lending
nationwide.
About Byline Bank
Headquartered in Chicago, Byline Bancorp, Inc. (NYSE: BY) is
the parent company of Byline Bank, a full service commercial bank
serving small- and medium-sized businesses, financial sponsors, and
consumers. Byline Bancorp, Inc. completed its acquisition of Inland
Bancorp, Inc. on July 1, 2023, with
the combined entity operating as Byline Bank and as a result has
approximately $8.8 billion in assets
and operates 48 total 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 Small Business Administration lenders in
the United States. For more
information, visit www.bylinebank.com. Byline Bank is a member of
the FDIC and an equal housing lender.
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SOURCE Byline Bank