SomerCor is an ALP Accredited SBA 504 Lender

SomerCor is an Accredited Lender Program (ALP) Certified Development Company (CDC). ALP status is a prestigious designation granted by the Small Business Administration (SBA) to high performing, non-profit SBA 504 lending companies.

To achieve ALP status, SomerCor underwent an extensive SBA qualification process that included the evaluation of staff expertise, as well as an assessment of performance metrics related to SomerCor’s loan processing, portfolio growth and servicing, and compliance with SBA lending regulations.

CDCs with ALP designation are granted increased authority in the processing, closing, and servicing of SBA 504 loans, resulting in an expedited lending experience for borrowers and lending partners. In addition, as an ALP lender, SomerCor is able to participate in select SBA initiatives limited to only the top CDCs.

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Download the program flyer and connect with a member of SomerCor’s loan origination team to learn more about how the SBA 504 loan program supports improved cash flow for small businesses.