SomerCor Blog

dec24 Rate

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

Financing for Professional Services: Three Reasons to Use the SBA 504 Loan Program The SBA...
nov24 Rate

November 2024 SBA 504 Interest Rates

25 Year Term 6.28% 20 Year Term 6.35% 10 Year Term 6.46% The November 2024...
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SCORE Chicago – Free Mentoring for Business Owners

Business owners - especially those at the start of their journey - wear many hats....
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Maximization for Manufacturers: Three Reasons to Use the SBA 504 Program

According to the Illinois Manufacturers Association, Illinois is the fourth largest manufacturing state in the...
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Hyun’s Hapkido: SBIF Feature in Avondale

Hyun's Hapkido Taekwondo and Self-Defense School has operated at the intersection of of Diversey, Western,...
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SBA Expands 504 Debt Refinance Program

The SBA 504 refinance program helps small and mid-size businesses take advantage of lower interest...
oct24 Rate

October 2024 SBA 504 Interest Rates

25 Year Term 6.03% 20 Year Term 6.10% 10 Year Term 5.82% The October 2024...
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SomerCor Hosts Federal Elected and Government Officials to Showcase Hispanic Business Growth

SomerCor, a non-profit Small Business Administration (SBA) 504 lender, proudly hosted SBA Regional Administrator, Geri...