October 2016 Debenture Rates | 20 Year 3.81% | 10 Year 3.91% | REFI 3.85%

Click here to download 504 rate history chart

SomerCor 504 has created over 14,000 jobs in the State of Illinois since its inception.

Founded in 1992, SomerCor 504, Inc. is a non-profit development company certified by the U.S. Small Business Administration (SBA) to originate SBA 504 loans in Illinois. One of the largest SBA lenders in Chicago, SomerCor offers a range of services to help grow your business….
  • Somercor 504 service504 Business Loans

    Purchase long-term fixed assets: real estate, improvements, and heavy equipment with a 20-year fixed interest rate.

  • Somercor 504 serviceSmall Business Improvement Fund

    Grants from the City of Chicago to help commercial and industrial properties repair or remodel their facilities.

  • Somercor 504 serviceCommunity Advantage Loans

    Capital to help economic growth, job creation and economic development of Chicago’s most underserved communities.