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The June 2022 SBA 504 debenture pricing was competed on June 9, 2022.
25 Year Term 5.19%
20 Year Term 5.13%
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SomerCor is proud to be a presenting sponsor of the World Business Chicago Black and Latino Excellence Investment Summit. This initiative supports access to capital for Black and Latino-owned small businesses on Chicago’s South and West Sides. SomerCor CEO, Manny Flores, was interviewed on WGN’s People to People to promote the program.
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SomerCor has partnered with Matt and Andrea Dearwester on three SBA 504 loans. The most recent project was the construction of a new feed processing mill for Nutrition Services, Inc. The location includes a 20-acre parcel of land with a 12,600 square foot industrial building. The SBA 504 loan can be a great fit for agricultural businesses to purchase, expand, and refinance commercial real estate and heavy equipment.