Byline Bank

Byline Bank

in Business Loans from Byline Bank


Byline Bank


in Business Loans from Byline Bank

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Loan Amount Up to $25,000,000
APR 0% - 99%
Loan Term 12 - 300 months

Byline Bank Review

Where does Byline Bank do business?

Byline Bank is a business financing offering by Byline Bank, a bank based in Chicago, IL. Founded in 1978, Byline Bank offers access to business loans in 7 states across the USA.

What are Byline Bank’s rates?

Byline Bank offers a business financing product that ranges from 0% APR up to 99% APR.

Does Byline Bank charge an origination fee?

Yes, Byline Bank charges a loan origination fee.

What limitations does Byline Bank set on the purpose of the loan?

Byline Bank considers loan applications for business purposes, such as:

  • Equipment Purchase
  • Lease Improvement
  • New Location
  • Product or Service Expansion
  • Working capital

What types of business loans does Byline Bank offer?

Not all business loans are made equal. The type of loan you choose will determine the range of rates and terms you receive. Byline Bank provides access to the following business loan types:

  • Unsecured term loans
  • Secured Term Loans
  • Lines of Credit
  • SBA Loans
  • Commercial Real Estate

Does Byline Bank charge prepayment fees?

Yes, Byline Bank charges additional fees to borrowers who pay off their loans sooner than anticipated. Take this into consideration when choosing a lender because prepayment penalties can reduce or even cancel the interest savings of repaying a loan early.

What is the maximum loan term you can get with Byline Bank?

Byline Bank offers business loans with terms ranging from 12 to 300 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

What do you need to qualify for Byline Bank?

Byline Bank does not require borrowers to have been in business for a minimum number of years. Businesses don't have to meet a minimum annual revenue to be considered.

Byline Bank does not require or does not disclose a credit score minimum.

Byline Bank does not have or does not disclose a minimum annual income eligibility requirement. Byline Bank only considers borrowers who are employed.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via Byline Bank. Their rates fall within the limits of The Military Lending Act.

Only U.S. citizens and permanent residents can apply for a loan.

To qualify, applicants may need to provide the following documentation:

  • Proof of income
  • Proof of identity
BYLINE BANK Disclosure: Byline Bank is one of the Top 10 SBA lenders in the country and is a recognized “Preferred Lender” from the SBA, so we offer a quicker, more streamlined process. At Byline Small Business Capital, our focus is government-guaranteed lending. We provide nationwide coverage with loan production offices throughout the Midwest and in Southern California.
SUPERMONEY Disclosure: is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...


  • Headquarters
  •   180 N LaSalle St
    Chicago, IL 60601 USA
  •   Visit Site

About Byline Bank


Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
  Available in 7 states
  • California
  • Illinois
  • Indiana
  • Michigan
  • Minnesota
  • Tennessee
  • Wisconsin

Feature Breakdown

Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Verification Documents Required
  • Proof of Identity
  • Proof of Income
Loan Amount Up to $25M
Loan Term 12 - 300 months
APR 0% - 99%

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