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Byline Bank Honored with SBA Lender of the Year Award in Illinois
GlobeNewswire News Roomยท 2025-08-19 15:15
Core Points - Byline Bank has been recognized as the Illinois SBA 7(a) Lender of the Year for the 16th consecutive year, originating $119.6 million in 7(a) loans in fiscal year 2024, which created 742 new jobs statewide [3][5] - In addition to the 7(a) award, Byline Bank was also named the 504 Third-Party Lender of the Year for originating $47.5 million in SBA 504 loans and the Export Lender of the Year for providing $6.1 million to Illinois exporters [4][5] - Byline Bank ranks nationally as a top SBA 7(a) lender with total loans of $504.6 million in FY2024, and it is also a top lender in several other states [6][7] Company Overview - Byline Bank, headquartered in Chicago, is a full-service commercial bank with approximately $9.7 billion in assets and operates 45 branch locations in the Chicago and Milwaukee metropolitan areas [8] - The bank specializes in government-guaranteed lending, particularly in SBA and USDA financing, and is recognized as a National Preferred SBA 7(a) Lender [7][8]