Fulton Grace Growth Fueled by SBA 504 Loan

Fulton Grace is one of Chicago’s leading providers of comprehensive real estate services – ranging from finding or selling a home, to managing a rental property. Theirs is a story of a local brand disrupting the status quo and growing their market share by building a community where people want to work and provide top notch service to clients.

Launched in 2008, in humble coffee shop beginnings, the company now boasts four offices and was named in 2019 to the Inc. 5000 list of fastest-growing companies for a fifth year.

When Fulton Grace President, TJ Rubin, was looking to expand his company to include a fourth location in Wicker Park, he utilized an SBA 504 loan originated and serviced by SomerCor. With an eye on a larger purchase and renovation project, the 504 loan proved to make the most sense for his growing business. The loan required only 10% down and was funded at a below-market interest rate among the lowest in program history.

For Rubin, the 504 loan offered an opportunity to purchase and renovate a location that was essentially an empty canvas. He created a vibrant space that encourages creativity and productivity. The SBA loan allowed him the financial flexibility to build an office that would attract top talent and nurture a sense of community and innovation.

“I could not be happier with our decision to partner with SomerCor to develop Fulton Grace Wicker Park. They were critical in facilitating a successful and stress-free financing process,” said Rubin. “I hope to continue our partnership as we work toward locating Fulton Grace’s fifth office!”