Community Advantage Loans
Here’s how it works:
Applicant submits the necessary forms to SomerCor 504, Inc.
The request is underwritten for eligibility and credit criteria.
Submitted to Loan Committee for decision.
If approved, submitted to SBA for approval.
Loan authorization is received from SBA.
Authorization is reviewed with the client and counsel.
SomerCor counsel closes according to authorization requirements.
Download the application form: