SomerCor Blog

Lina Embroidery ribbon cutting with SomerCor funding

Lina Embroidery: SomerCor 504 DPAP Feature

Made from Scratch: In 2002, Lina Smilgiene purchased her first embroidery machine and set up shop in her basement, blending...
Outlined Illinois, Indiana, and Wisconsin with SBDC logos

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

Business owners - especially those at the start of their journey - wear many hats....
Construction worker alongside June 2026 SBA rates

June 2026 SBA 504 Interest Rates

SBA 504 RatesSBA 504 Rates for ManufacturersREFI SBA 504 Rates25 Year Terms6.11%5.87%6.13%20 Year Terms6.16%5.91%6.18%10 Year...
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Angelica Garcilazo Insurance Agency: SomerCor 504 DPAP Feature

Small Business, Big Dreams: Customer service, professionalism, and trust have guided Angelica Garcilazo Agency Inc. since 2019. Namesake and owner Angelica Garcilazo...
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SomerCor at the SDA Achieve Summit Featured in the Chicago Tribune

SomerCor served as a title sponsor of the 2026 Southland Development Authority Summit. In partnership...
Smiling doctor with stethoscope and clipboard

Financing for Health Care Providers: Three Reasons to Use the SBA 504 Program

Health care providers in private practice wear many hats. In addition to being a critical...
Smiling headshot next to SomerCor announcement

SomerCor Names Hannah White as Managing Director of Development and Strategic Partnerships, Spearheading Philanthropic Initiatives

CHICAGO — SomerCor, a nonprofit U.S. Small Business Administration (SBA) Certified Development Company (CDC), today announced the appointment of Hannah White, Managing...
Manufacturing workers with May 2026 SBA rates

May 2026 SBA 504 Interest Rates

SBA 504 RatesSBA 504 Rates for ManufacturersREFI SBA 504 Rates25 Year Terms5.95%5.71%5.97%20 Year Terms6.01%5.76%6.03%10 Year...
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Daily Herald: Own the Business, Own the Building.

Small Business Week is here, and SomerCor is ready to help more local entrepreneurs access...
A globe sitting on top of a table.

Earth Day: Go Green with an SBA 504 Loan

According to the U.S. Green Building Council, "high-performing green buildings, particularly LEED-certified buildings, provide the...