SomerCor Blog

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Daily Herald: Close CRE Deals with the SBA 504 Loan

07/25/2024
The commercial real estate market continues to find its footing after the pandemic. Business owners...
Commercial Real Estate / Media / News and Updates / SBA 504
shakespear rose nof

Shakespear Rose: NOF Feature in Woodlawn

07/17/2024
Company Profile Shakespear Rose Culinary Kitchen is a Black and woman-owned catering company in Woodlawn....
Bars/Restaurants / Chicago / Client Success Stories / NOF Grant
july24 Rate

July 2024 SBA 504 Interest Rates

07/11/2024
The July 2024 SBA 504 debenture pricing was competed on July 11, 2024. 25 Year...
SBA 504 / SBA Interest Rates
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Jamaican Jerk Villa: NOF Feature in Auburn Gresham

06/27/2024
Company Profile Started by Peter McKnight and his mother in 2002, Jamaican Jerk Villa is...
Bars/Restaurants / Chicago / Client Success Stories / NOF Grant
Two people shaking hands in a room.

SBA 504 Offers Secure Small Business Lending Option for Banks

06/26/2024
The SBA 504 program offers banks a secure lending option to help small business clients...
Lender Resource / SBA 504
A group of people standing in front of a building.

Alpha Tekniko: SomerCor SBA 504 Feature

06/20/2024
Alpha Tekniko is an FDA-registered developer and manufacturer of custom support surfaces for a variety...
Client Success Stories / Ground-Up Construction / Illinois / Loan / Manufacturing / Renovation / SBA 504
Three people are sitting at a table with papers.

Top Three Tips for Small Businesses Applying for an SBA 504 Loan

06/17/2024
The SBA 504 loan program is the premier economic development initiative administered by the Small...
Business Owner Resource / SBA 504
A restaurant with many signs and a phone

Wiley’s Chicken & Ribs: SBIF Feature in West Garfield Park

06/12/2024
Wiley's Chicken & Ribs is a BBQ restaurant in West Garfield Park. Since opening in...
Bars/Restaurants / Chicago / Client Success Stories / SBIF Grant
A man holding an ipad in his hand.

Warehousing & Logistics: Expand Your Reach With the SBA 504

06/04/2024
The warehouse and logistics industry is responsible for the movement, storage, and flow of goods....
Business Owner Resource / SBA 504 / Storage/Warehouse / Transportation/Logistics
A couple of people that are working on some solar panels

SBA 504 Program Update: Green Energy Loans

05/24/2024
Effective April 30, 2024, the Small Business Administration (SBA) removed the $16.5 million cap on...
Green Energy / Legislative/Regulatory / Lender Resource / SBA 504 / SBA News

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