SBA recognizes Byline Bank for small business export lending

Release Date: 
Monday, April 23, 2018

CHICAGO – The U.S. Small Business Administration honored Chicago-based Byline Bank as the 2018 SBA Export Lender of the Year for small lending institutions during a ceremony April 18 at the 11th annual SBA Export Lender Roundtable in Washington, D.C.

Byline Bank Small Business Capital President Bruce Lammers received the award on behalf of his institution.

“This award is meaningful to our team, who pride themselves in helping provide small businesses with the access to capital and financing solutions they need,” Lammers said. “To know we’ve made a difference in the niche export market is especially gratifying.”

Also at the event, Citibank was recognized as Export Lender of the Year among large lending institutions. During the event, both lenders were recognized for their efforts to increase access to capital for United States companies, providing international trade financing to small businesses.

SBA Administrator Linda McMahon said, “I want to congratulate and thank Citibank and Byline Bank for helping small business exporters expand, create high-wage jobs for American workers and advance small business innovation.”

U.S. exports are important to the nation’s economy, and 98 percent of all exporters are small businesses.  SBA export lenders play a pivotal role in helping small business exporters to compete and succeed in the global market.  During fiscal year 2017, the SBA guaranteed $659.6 million in financing to small business exporters, supporting more than ten thousand jobs. 

Byline Bank has more than 50 locations and approximately $3.4 billion in assets.  Byline Bank uses the suite of SBA’s core export loans, which resulted in an increase in their support for small business exporters in fiscal year 2017 to $16.1 million. 

In fiscal year 2018, Byline Bank’s support for SBA loan programs of all types remains strong. As of March 31, Byline has approved 83 SBA-guaranteed loans in Illinois worth more than $95 million – more than twice as much, by volume, as the second-ranked bank.

The SBA Export Lender Roundtable is an annual event sponsored by the SBA’s Office of International Trade. The event brings together lenders, trade financiers, and trade industry professionals to hear from speakers on topics such as trade promotion, the global economic outlook, developments in trade finance, and SBA's export financing programs. It also highlights the accomplishments of lenders in delivering SBA’s international trade finance programs to small businesses, which are designed to help small businesses develop new markets, finance export transactions, and expand production capacity to meet overseas demand.

For more information about the SBA’s export lending programs, visit www.sba.gov/international.

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About the U.S. Small Business Administration

The U.S. Small Business Administration makes the American dream of business ownership a reality. As the only go-to resource and voice for small businesses backed by the strength of the federal government, the SBA empowers entrepreneurs and small business owners with the resources and support they need to start and grow their businesses. It delivers services to people through an extensive network of SBA field offices and partnerships with public and private organizations. To learn more, visit www.sba.gov.