Byline Bank
Chicago bank that makes SBA 7(a) and 504 loans nationwide and finances equipment through Byline Financial Group.
About
Byline Bank says it offers "Nationwide SBA business loans" with "over 20 lenders nationwide," in amounts "starting at $350,000," and SBA 7(a) loans of "Up to $5 million" for uses that include "Machinery and equipment acquisitions and refinancing." Its manufacturing page says it can "Finance machinery, tooling, and facility expansions with structured terms," and its Byline Financial Group division offers "Equipment financing nationwide." By SBA's count it is one of the most active SBA 7(a) lenders. Who it is for: Small businesses looking for SBA loans of $350,000 or more, including manufacturers that need machinery or working capital.
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