Byline Bank Ranked 5th Nationally for SBA 7(a) Lending
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.
- Byline also earned the top spot among Illinois lenders in SBA 7(a) loan volume and ranked first nationally for International Trade Loans.
- Byline also ranked second for Third Party Lenders for SBA 504 loans in Illinois during FY2023 with $35 million in SBA 504 loans.
- Nationally, Byline Bank ranked fifth for SBA 7(a) loan volume in FY2023 with nationwide loans totaling $536 million.
- 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.