SomerCor Blog

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SBA 504 Loan Program Key to Made in America Manufacturing Initiative

SomerCor President & CEO, Manny Flores, was on hand for the U.S. Small Business Administration...
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SomerCor Partners with Commercial Real Estate Professionals on SBA 504 Lending

SomerCor is a valued resource for commercial real estate professionals to help their small business...
FED RESERVE ADVISORY COUNCIL

SomerCor President & CEO Appointed to Federal Reserve Bank of Chicago Advisory Council

SomerCor President & CEO, Manny Flores, was named to the Federal Reserve Bank of Chicago...
april25 Rate

April 2025 SBA 504 Interest Rates

25 Year Term 6.43% 20 Year Term 6.45% 10 Year Term 6.34% The April 2025...
2025 SomerCor and Auora

SomerCor Partners With Aurora Regional Economic Alliance

SomerCor and the Aurora Regional Economic Alliance (Alliance) are proud to announce a new partnership....
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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...
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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...
march25 Rate

March 2025 SBA 504 Interest Rates

25 Year Term 6.24% 20 Year Term 6.31% 10 Year Term 6.34% The March 2025...