SomerCor Blog

A collage of photos with text that reads, preparing for professional services obligations to use the sba 5 0 4 program.

Financing for Professional Services: Three Reasons to Use the SBA 504 Program

11/14/2024
Financing for Professional Services: Three Reasons to Use the SBA 504 Loan Program The SBA...
Business Owner Resource / Office/Professional Services / SBA 504
nov24 Rate

November 2024 SBA 504 Interest Rates

11/07/2024
25 Year Term 6.28% 20 Year Term 6.35% 10 Year Term 6.46% The November 2024...
SBA 504 / SBA Interest Rates
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SCORE Chicago – Free Mentoring for Business Owners

11/06/2024
Business owners - especially those at the start of their journey - wear many hats....
Business Owner Resource / Illinois
A man and woman in hard hats holding up their hands.

Maximization for Manufacturers: Three Reasons to Use the SBA 504 Program

10/24/2024
According to the Illinois Manufacturers Association, Illinois is the fourth largest manufacturing state in the...
Business Owner Resource / Manufacturing / SBA 504
hhapkido (1)

Hyun’s Hapkido: SBIF Feature in Avondale

10/21/2024
Hyun's Hapkido Taekwondo and Self-Defense School has operated at the intersection of of Diversey, Western,...
Chicago / Client Success Stories / Fitness/Recreation / SBIF Grant
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SBA Expands 504 Debt Refinance Program

10/17/2024
The SBA 504 refinance program helps small and mid-size businesses take advantage of lower interest...
Legislative/Regulatory / Lender Resource / Refinance / SBA 504 Refinance / SBA News
oct24 Rate

October 2024 SBA 504 Interest Rates

10/10/2024
25 Year Term 6.03% 20 Year Term 6.10% 10 Year Term 5.82% The October 2024...
SBA 504 / SBA Interest Rates
PRESS-RELEASE-Social-FY2025

SomerCor Hosts Federal Elected and Government Officials to Showcase Hispanic Business Growth

10/04/2024
SomerCor, a non-profit Small Business Administration (SBA) 504 lender, proudly hosted SBA Regional Administrator, Geri...
Legislative/Regulatory / Manufacturing / News and Updates / Press Release / Refinance / Renovation / SBA 504 / SBA News / SomerCor Updates
A man is holding a clipboard and smiling.

Financing for Fitness Centers: Three Reasons to Use the SBA 504 Program

09/17/2024
Opening and operating a fitness center requires significant upfront costs and ongoing expenses. From purchasing...
Business Owner Resource / Commercial Real Estate / Fitness/Recreation / Renovation / SBA 504
dailyherald-lisarticle (1)

Daily Herald: SBA 504 Financing for Ground-Up Construction

09/12/2024
Businesses across every industry are looking for the ideal space that supports operational efficiency, employee...
Business Owner Resource / Ground-Up Construction / Media / News and Updates / SBA 504

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