Need some help to purchase new or used equipment for your company? No problem. You’ll benefit from the advantages we provide as a wholly-owned division of Byline Bank.
Led by experts with over 30 years of experience, our people are a key reason why we have customers from relationships that started as far back as 2003. Streamline every step of the financing process with a single point of contact who has a direct link to our executive team.
Experience Byline Financial Group for yourself today.
As your partner in providing financing solutions for your customers’ equipment acquisitions, we have one goal: seeing you close more deals. Whether it’s faster credit decisions or using online signatures to minimize paperwork, we’re known for our superior service.
We’ll work with you to overcome potential obstacles and support you to get the sale.
Customized to suit your business’ needs.
Fixed rate, fixed-term financing with no balloon payment required. Ask us about our accelerated depreciation and tax deduction options.
Allows equipment to generate revenue before payments are due.
Customizable terms that allow you to match your payments to your seasonal cash flow.
Traditional lease structure with lower monthly payments. Byline assumes the residual and obsolescence risk of the equipment, and monthly payments can be deducted as operating expenses.
Decide on financing up to six months after delivery of equipment (cash purchase or finance).
Combine payments for equipment, supplies and services into one convenient monthly option.
Don’t forget we can help reduce your tax liability by financing 100% of your equipment purchases—allowing you to maximize both your purchasing power and tax deduction.
If you buy (or lease) a piece of qualifying equipment, you may be able to deduct the full purchase price from your gross income all in the first year.
All businesses should consult with their tax advisor to determine if they qualify.
Byline Bank is a full-service commercial bank with approximately $9.4 billion in assets, serving small businesses, mid-market companies, and consumers.
Operating over 40 branch locations throughout the Chicago and Milwaukee metro areas, Byline’s been a community partner in its neighborhoods for over 100 years.
In addition to being a Top 5 SBA lender in the nation*, Byline offers a competitive range of commercial lending products backed by experts with decades of experience in the industry.
*National ranking: Ranked by the U.S. Small Business Administration by volume FY2023