SomerCor VP, Elisabeth Williams, Receives NAWBO Chicago Corporate Woman of Achievement Award

September 14, 2020

(CHICAGO, IL) Elisabeth Williams, Vice President and Loan Officer at SomerCor, received the Corporate Woman of Achievement Award at the NAWBO Chicago Annual Celebration of Achievement.

Williams is an experienced Small Business Administration (SBA) 504 lender with a focus on expanding outreach to women in banking, commercial real estate, and entrepreneurship. Throughout her career, she has been responsible for over $140 million in small business loans.

“Her background as an entrepreneur and deep understanding of the SBA 504 loan program is a unique and effective combination,” said Manuel Flores, President & CEO of SomerCor. “She is committed to expanding the SomerCor footprint throughout Illinois to grow businesses and create more jobs, especially among women-owned companies.”

Williams was one of six women leaders recognized for not only their own professional accomplishments, but a commitment to supporting other women on their respective career paths. “It is a privilege to honor accomplished women at our annual Achievement Award Luncheon that showcases the diversity and success stories that inspire our community,” said Elizabeth Colón, President NAWBO Chicago.

In February of this year, SomerCor became a sponsor of NAWBO Chicago. As a non-profit SBA certified small business lender, SomerCor is a natural fit to support NAWBO Chicago members with their capital needs. Williams has led the way in strengthening this relationship by participating in public and virtual events, as well as leading a webinar on SBA small business resources in the wake of the COVID-19 crisis. Learn more about the partnership here.


About SomerCor

SomerCor is a non-profit lender certified by the Small Business Administration that specializes in SBA 504 loans. Since its founding in 1992, SomerCor has funded over 2300 loans with a total volume of $1.41 billion. SomerCor also administers the Small Business Improvement Fund (SBIF) and Neighborhood Opportunity Fund (NOF) grants for the city of Chicago.

Based in Chicago, the SomerCor mission is to grow businesses, create jobs, and increase impactful investment in every community through access to capital. For more information visit

About NAWBO (National Association of Women Business Owners):

Founded in 1975, the National Association of Women Business Owners prides itself on being a global beacon for influence, ingenuity and action. NAWBO works to strengthen the wealth creating capacity of its members and promote economic development within the entrepreneurial community. It provides a powerful alliance for networking, support, education, resources, advocacy, mentoring, and benefits.

Forty years later, NAWBO celebrates the founders who joined together to remove obstacles and create opportunities for other women entrepreneurs across the country. Today, NAWBO boasts 5,000 members and 60 chapters nationwide. It is the only member organization representing women entrepreneurs in all sectors, sizes and stages of their business development. With 400 members, the Chicago Area Chapter is one of the largest NAWBO groups in the country. For more information visit: