July 2017 Debenture Rates | 20 Year 4.57% | 10 Year 4.35% | REFI 4.61%

Click here to download 504 rate history chart

Dedicated to helping small businesses finance their growth, 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. Founded in 1992, SomerCor holds a portfolio in excess of $481 million, comprised of more than 925 loans, and is one of the largest SBA lenders in the Chicago area, consistently ranking in the top 15 Certified Development Companies (CDC’s) nationwide.
  • 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

    The CA loan is an SBA guaranteed 7 year term loan with loan amounts from $50,000 to $150,000.