SomerCor Blog

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
Copy of 2021-2enhancements (3)

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
grubberry

Grub Berry: NOF Feature in North Lawndale

09/11/2024
Winston Cockburn is the Managing Director at Wincorp Ventures. In 2018, Mr. Cockburn acquired a...
Bars/Restaurants / Chicago / Client Success Stories / NOF Grant
sept24 Rate

September 2024 SBA 504 Interest Rates

09/05/2024
25 Year Term 5.76% 20 Year Term 5.83% 10 Year Term 5.87% The September 2024...
SBA 504 / SBA Interest Rates
Small Business Development Centers

SBDCs – Free Resources for Entrepreneurs to Start, Sustain, and Scale up

09/04/2024
Business owners - especially those at the start of their journey - wear many hats....
Business Owner Resource / Illinois / Indiana / Wisconsin
greenllamanof

Green Llama Cafe: NOF Feature in Humboldt Park

08/21/2024
Company Profile Established in 1972, Rincon Family Services (RFS) is a pillar of Chicago’s West...
Bars/Restaurants / Chicago / Client Success Stories / NOF Grant

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