SomerCor Blog

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2025 SBA Illinois Lender Forums

The Illinois Small Business Administration (SBA) District Office is hosting a series of forums geared...
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Hart’s Coin Laundry: SBIF Feature in Back of the Yards

SBIF Grant Impact (47th/Ashland) Hart's Laundrymat has served the Back of the Yards community for...
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Duo Development: NOF Feature in North Lawndale

Company Profile Duo Development, founded in 2019, is a non-profit development firm led by siblings...
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March 2025 SBA 504 Interest Rates

25 Year Term 6.24% 20 Year Term 6.31% 10 Year Term 6.34% The March 2025...
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Production Rentals Chicago Limited: SomerCor SBA 504 Feature

Company Profile Production Rentals Chicago (PRC) was founded in 2016 by Monoleto Wilborn and Natasha...
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In-On Thai: SBIF Feature in Uptown

Company Profile After closing their first location, In-On Thai owner, Atichat Srisawangpan, along with his...
feb25 Rate

February 2025 SBA 504 Interest Rates

25 Year Term 6.28% 20 Year Term 6.35% 10 Year Term 6.64% The February 2025...
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Lee’s Unleaded Blues: NOF Feature in Grand Crossing

Company Profile Lee’s Unleaded Blues Club has been a pillar of the Chicago blues community...
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Warehousing & Logistics: Expand Your Reach With the SBA 504

The warehouse and logistics industry is responsible for the movement, storage, and flow of goods....
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SomerCor Hires Michael Piazza to Expand SBA 504 Lending Team

CHICAGO, IL – SomerCor, one of the largest non-profit Small Business Administration (SBA) 504 lenders...