SomerCor Blog

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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...
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Surge Billiards, Inc: SomerCor SBA 504 Feature

Surge Coffee Bar & Billiards was founded in 2017 by husband and wife, Wahib Merchant...
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January 2025 SBA 504 Interest Rates

25 Year Term 6.51% 20 Year Term 6.58% 10 Year Term 6.64% The January 2025...
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Daily Herald: SBA 504 Program Expands to Help More Small Businesses Access Capital

The SBA 504 loan program provides a long-term, fixed rate for business owners to build,...
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SBA 504 ALP Express Program Made Permanent

In response to the COVID-19 pandemic, the federal government doubled down on U.S. Small Business...
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Letter from the CEO: Reflections on 2024

It has been a remarkable year for the U.S. Small Business Administration (SBA) 504 loan...
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SBA 504 Refi is a Win-Win for Banks and Borrowers

The SBA 504 Refinance Program is a strategic debt restructuring solution that helps your bank...
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Financing for Health Care Providers: Three Reasons to Use the SBA 504 Program

Health care providers in private practice wear many hats. In addition to being a critical...
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December 2024 SBA 504 Interest Rates

25 Year Term 6.09% 20 Year Term 6.16% 10 Year Term 6.46% The December 2024...
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Certified Development Companies Provide Critical SBA Program Expertise to Lenders

According to the 2024 Federal Deposit Insurance Corporation (FDIC) Small Business Lending Survey, lack of...