Is Byline Bank a good match for your SBA loan?
Byline Bank’s project state SBA 7(a) loan approvals in 2020.
Byline Bank Highlights
Over the last 5 years Byline Bank has been a top national SBA 7(a) lender. In 2020 Byline Bank was the #2 SBA lender (out of over 1500) for SBA dollar amounts approved. Byline Bank ranked #5 in approval amounts in 2019. Byline Bank is top ranked in SBA lending for dozens of key categories and industries.
All-time Byline Bank has approved 4,521 SBA 7(a) loans for over $4.5 billion. They approved borrowers from 1,167 cities, for projects in 49 states, in 507 industries, and for 310 franchise brands.
In 2020 Byline Bank approved 483 SBA 7(a) loans for $627,490,700. The average loan approval amount was $1,299,153. They approved borrowers from 297 cities, for projects in 42 states, in 171 industries, and for 50 franchise brands.
For franchise branded businesses, Byline Bank approved 95 loans for $100,295,700 with an average loan amount of $1,055,744.
Byline Bank’s SBA loan approvals in 2020 represent 9,523 small business jobs supported or saved.
Our forecast model projects Byline Bank approving $653 million for SBA 7(a) loans in 2021.
Read our SBA Lender page on Byline Bank for their full report, but below are a few highlights:
Byline Bank Historical SBA 7(a) Lending
Byline Bank Loan Approvals
2020 Top 25 Business Industries
Byline Bank approved the most loans for the Investment Advice industry followed by Limited-Service Restaurants, Gasoline Stations with Convenience Stores, and Full-Service Restaurants. Byline Bank approved SBA loans for 171 different industries in 2020.
Byline Bank is focused on the bigger loans
Byline Bank’s average SBA loan approval amount in 2020 was $1,299,153.
Byline Bank approved more SBA loans between $1 and $2 million as they did loans under $350,000.
Less than 3% of Byline Bank’s loan approvals were for loan amounts under $150,000.
Byline Bank approved more SBA loans over $4 million than they did loans under $150,000.
23% of Byline Bank’s loan approvals were for multi-million loan amounts.
Byline Bank is the #2 Ranked National SBA Lender
For 2020 Byline Bank ranks #10 in number of loan approvals and #2 for approval amounts.
In 2020 Byline Bank approved 483 SBA 7(a) loans for $627,490,700.
Byline Bank’s average loan approval amount was $1,299,153.
In 2020 Byline Bank approved borrowers from 297 cities, for projects in 42 states, in 171 industries, and for 50 franchise brands.
Byline Bank is the #5 Ranked National SBA Franchise Lender
For franchise branded businesses, Byline Bank ranks #7 in number of loan approvals and #5 for approval amounts in 2020.
Byline Bank approved 95 loans in 2020 for 50 different franchise brands for $100,295,700 with an average loan amount of $1,055,744.
See our full (and free) SBA report on Byline Bank
This report has about everything a small business owner would want to know to determine if Byline Bank would be a good match for an SBA loan. See how Byline Bank ranks in multiple SBA loan categories, our SBA lending forecasts for Byline Bank, the top 25 industries and franchise brands Byline Bank approved loans with, the top project states and borrower cities, Q&A on Byline Bank’s current lending focus, and more.
