Byline Bank

This is a bank that offers SBA loan programs to small and medium-sized businesses, providing financing options for growth, real estate, and equipment needs with personalized support.

It's recommended to schedule an appointment to discuss your financing needs, but walk-in consultations may be available during business hours.

Byline Bank's Lakeview-East Broadway branch is open Monday–Friday 9:00 am–5:00 pm and Saturday 9:00 am–1:00 pm (closed Sunday). Confirm current hours directly with the branch at (773) 244-7084.

There are no fees to access basic consultation services, but loan processing and application fees may apply depending on the financing product.

This bank's services are generally available to small business owners and entrepreneurs within the geographic region, subject to qualification criteria.

A minimum personal credit score of around 650 is typically required, though higher scores improve approval chances.

The underwriting process usually takes between 2 to 4 weeks, depending on the complexity of the loan and completeness of documentation.

Yes, this Byline Bank location is open Saturday 9:00 am–1:00 pm (closed Sunday). Contact the branch directly to confirm weekend hours.

Byline Bank is located in Illinois — see the contact card for the full address. Most bank locations offer free on-site or nearby street parking for visitors. For exact directions, the entrance, and accessible parking, use the listed address or call ahead and staff can point you to visitor spaces.

This page is an independent directory listing for Byline Bank, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Byline Bank itself, which runs its own lending under its own ownership. If you work at Byline Bank, you can claim this listing from this page to manage it.

The core details for Byline Bank — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with Byline Bank before applying. If you represent Byline Bank, claim this listing to keep its information up to date.

You can reach Byline Bank by phone at (773) 244-7084 or online at bylinebank.com — the details are in the contact card on this page. For SBA loans specifically, ask for their business lending or SBA department. Treat this directory page as a starting point and confirm hours and contact details with Byline Bank before relying on them.

Based on its approved SBA loans, Byline Bank most often finances businesses in restaurants & food service, manufacturing, general retail, construction & contractors, wholesale & distribution, and gas stations & convenience. This reflects Byline Bank's real SBA 7(a) and 504 lending history rather than a stated policy — it can still consider other industries and sets its own current preferences, so confirm with Byline Bank which sectors it actively lends to before you apply.

SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Byline Bank participates in SBA Express depends on its specific SBA lending authority. Contact Byline Bank and ask if it offers SBA Express and what the current limits and terms look like for your situation.

Yes, Byline Bank holds SBA Preferred Lender Program status. They are ranked nationally by the U.S. Small Business Administration by volume. Confirm their current PLP authority directly with the bank.

The SBA does fund start-ups, but many traditional lenders prefer at least two years of operating history and may ask newer ventures for a larger equity injection or stronger collateral. Byline Bank's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Byline Bank directly whether it considers start-up loans.

For SBA 7(a) and 504 commercial real estate loans, borrowers typically contribute around 10% to 20% as a down payment or equity injection, depending on the property and the deal. Exact requirements vary with your credit, the business, and the lender's policy. Ask Byline Bank what down payment it expects for your specific commercial real estate purchase.

SBA 7(a) loans with terms under 15 years generally carry no prepayment penalty, while longer real estate loans can have one in the early years. Short-term working capital lines often have no penalty, but terms vary by lender. Review your loan agreement and ask Byline Bank to spell out any prepayment penalties before you sign.

SBA loans can be used for a partner or owner buyout, including buying out an existing equity partner, when the deal is structured to meet SBA rules — for example, the remaining owner generally must stay actively involved. Approval depends on the specifics, so discuss your buyout plan with Byline Bank to confirm it qualifies and how to document it.

A past personal bankruptcy does not automatically disqualify you from an SBA loan. Lenders look at how long ago it was discharged, the circumstances, and how your credit has recovered since. Byline Bank weighs this case by case under its own policy, so be upfront about your history and ask Byline Bank how it evaluates prior bankruptcies.