SomerCor Blog

FED RESERVE ADVISORY COUNCIL

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

04/19/2025
SomerCor President & CEO, Manny Flores, was named to the Federal Reserve Bank of Chicago...
News and Updates / Press Release / SomerCor Updates
april25 Rate

April 2025 SBA 504 Interest Rates

04/10/2025
25 Year Term 6.43% 20 Year Term 6.45% 10 Year Term 6.34% The April 2025...
SBA 504 / SBA Interest Rates
2025 SomerCor and Auora

SomerCor Partners With Aurora Regional Economic Alliance

04/10/2025
SomerCor and the Aurora Regional Economic Alliance (Alliance) are proud to announce a new partnership....
News and Updates / Press Release / SomerCor Updates
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Certified Development Companies Provide Critical SBA Program Expertise to Lenders

04/02/2025
According to the 2024 Federal Deposit Insurance Corporation (FDIC) Small Business Lending Survey, lack of...
Lender Resource / SBA 504
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2025 SBA Illinois Lender Forums

03/24/2025
The Illinois Small Business Administration (SBA) District Office is hosting a series of forums geared...
Illinois / Lender Resource / Lender Training / SBA 504
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Hart’s Coin Laundry: SBIF Feature in Back of the Yards

03/17/2025
SBIF Grant Impact (47th/Ashland) Hart's Laundrymat has served the Back of the Yards community for...
Chicago / Client Success Stories / SBIF Grant / Special Purpose
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Duo Development: NOF Feature in North Lawndale

03/12/2025
Company Profile Duo Development, founded in 2019, is a non-profit development firm led by siblings...
Chicago / Client Success Stories / NOF Grant
march25 Rate

March 2025 SBA 504 Interest Rates

03/06/2025
25 Year Term 6.24% 20 Year Term 6.31% 10 Year Term 6.34% The March 2025...
SBA 504 / SBA Interest Rates
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Production Rentals Chicago Limited: SomerCor SBA 504 Feature

02/25/2025
Company Profile Production Rentals Chicago (PRC) was founded in 2016 by Monoleto Wilborn and Natasha...
Client Success Stories / Commercial Real Estate / Illinois / SBA 504 / Storage/Warehouse
Small Business Improvement Fund Feature: In-On Tai - Wilson Yard TIF

In-On Thai: SBIF Feature in Uptown

02/18/2025
Company Profile After closing their first location, In-On Thai owner, Atichat Srisawangpan, along with his...
Bars/Restaurants / Chicago / Client Success Stories / SBIF Grant

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