Breaking News: SBA 504 Refi Applications will begin processing on June 24th, 2016. Click Here to read the details.

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.

  • Somercor 504 serviceSBA Core Solutions

    The only local SBA lender service provider, staffed by recognized authorities, in the changing world of SBA lending.