SomerCor

A picture of the head of someer, and text that reads " 2 0 2 2 outlook."

2022 Outlook: Statement from SomerCor President & CEO

11/18/2021
This November marks my third year as President and CEO of SomerCor. As I reflect...
News and Updates / Press Release / SomerCor Updates
November21-Rate-1024x536

The November 2021 SBA 504 debenture pricing was competed on November 10, 2021.

11/10/2021
  25 Year Term 2.92% 20 Year Term 2.78% 10 Year Term 2.79% The SBA...
News and Updates / SBA 504 / SBA Interest Rates
A logo for the somercor ceo, manuel perez tapped to succeed cook county economic development advisory subcommittee.

SomerCor CEO to Lead Cook County Economic Development Advisory Subcommittee for Small Businesses

11/02/2021
SomerCor CEO, Manuel Flores, Tapped to Co-lead Cook County Economic Development Advisory Subcommittee for Small...
Advocacy / News and Updates / Press Release
A collage of photos with the words " red tif-back of the yards ".

SBIF Client Feature Story: Total Transformation in Back of the Yards

10/13/2021
  Grantee Profile Jorge Torres is the landlord of a light industrial property at 1253...
Chicago / Client Success Stories / Manufacturing / SBIF Grant
A woman sitting at a table with papers in front of her.

October SBA 504 Interest Rates Start FY22 at Sub 3%

10/07/2021
  The October 2021 SBA 504 debenture pricing was competed on October 7, 2021. 25...
SBA 504 / SBA Interest Rates
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2021 RFQ for Neighborhood Opportunity Fund (NOF) TA Providers

10/04/2021
The City of Chicago and SomerCor are seeking applications from professional services firms, non-profit organizations,...
NOF Grant
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SomerCor, Leading SBA 504 Lender, Grows its Board of Directors

09/21/2021
SomerCor, a Chicago-based Small Business Administration (SBA) Certified Development Company (CDC), announces the appointment of...
Board of Directors / News and Updates / Press Release / SBA 504
A man and woman holding papers in front of a building.

September SBA 504 Interest Rates Cap Record-Breaking FY21

09/09/2021
The September 2021 SBA 504 debenture pricing was competed on September 9, 2021. 25 Year...
SBA 504 / SBA Interest Rates
A woman in red jacket and gloves working on plants.

Herban Produce – NOF Feature Project in East Garfield Park

08/26/2021
  Company Profile Herban Produce is a commercial scale urban farm in Chicago's East Garfield...
Agriculture / Chicago / Client Success Stories / NOF Grant
A building with a large awning over it's entrance.

Meeting Tomorrow: SomerCor SBA 504 – Advantages of Ownership Feature

08/10/2021
  Company Profile Started in 2004, Meeting Tomorrow is a leading full service AV and...
Chicago / Client Success Stories / Commercial Real Estate / Office/Professional Services / Renovation / SBA 504

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