SomerCor Blog
July 2025 SBA 504 Interest Rates
25 Year Term 6.37% 20 Year Term 6.39% 10 Year Term 6.17% The July 2025...
Black Planet Products: NOF Feature in Roseland
Black Planet Products is a retail store in Roseland that serves fragrances, essential oils, soaps...
Financing for Ground-Up Construction: Three Reasons to Use the SBA 504 Program
Businesses across every industry are looking for the ideal space that supports operational efficiency, employee...
Top Three Tips for Small Businesses Applying for an SBA 504 Loan
The SBA 504 loan program is the premier economic development initiative administered by the Small...
Busting Five Myths About the SBA 504 Program
The SBA 504 loan program is the premier economic development loan program administered by the...
Mayor Johnson Announces Neighborhood Opportunity Fund Finalists
Mayor Brandon Johnson announced fifteen small businesses as the next round of Neighborhood Opportunity Fund...
June 2025 SBA 504 Interest Rates
25 Year Term 6.37% 20 Year Term 6.39% 10 Year Term 6.20% The June 2025...
Financing for Restaurants: Three Reasons to Use the SBA 504 Program
Opening and operating a restaurant requires significant upfront costs and ongoing expenses. From purchasing and...
