SomerCor Blog

A woman holding a clipboard in front of an industrial building.

New SBA 504 REFI Rules [WEBINAR]

On July 29, 2021 the Small Business Administration published Interim Final Rule 021-15975, outlining enhancements...
A group of women wearing blue shirts and smiling.

Snow Family Dental: SomerCor SBA 504 Feature

Company Profile Founded in 2015, Snow Family Dental, LLC, is a restorative and preventative general...
A picture of the head of someer, and text that reads " 2 0 2 2 outlook."

2022 Outlook: Statement from SomerCor President & CEO

This November marks my third year as President and CEO of SomerCor. As I reflect...
November21-Rate-1024x536

The November 2021 SBA 504 debenture pricing was competed on November 10, 2021.

25 Year Term 2.92% 20 Year Term 2.78% 10 Year Term 2.79% The SBA is...
A logo for the somercor ceo, manuel perez tapped to succeed cook county economic development advisory subcommittee.

SomerCor CEO to Lead Cook County Economic Development Advisory Subcommittee for Small Businesses

SomerCor CEO, Manuel Flores, Tapped to Co-lead Cook County Economic Development Advisory Subcommittee for Small...
A collage of photos with the words " red tif-back of the yards ".

SBIF Client Feature Story: Total Transformation in Back of the Yards

Grantee Profile Jorge Torres is the landlord of a light industrial property at 1253 W....
A woman sitting at a table with papers in front of her.

October SBA 504 Interest Rates Start FY22 at Sub 3%

The October 2021 SBA 504 debenture pricing was competed on October 7, 2021. 25 Year...
A city with many buildings and some stars on the sky

2021 RFQ for Neighborhood Opportunity Fund (NOF) TA Providers

The City of Chicago and SomerCor are seeking applications from professional services firms, non-profit organizations, sole proprietors,...
A blue banner with someones name and logo

SomerCor, Leading SBA 504 Lender, Grows its Board of Directors

SomerCor, a Chicago-based Small Business Administration (SBA) Certified Development Company (CDC), announces the appointment of...
A man and woman holding papers in front of a building.

September SBA 504 Interest Rates Cap Record-Breaking FY21

The September 2021 SBA 504 debenture pricing was competed on September 9, 2021. 25 Year...