SomerCor Blog

2024reflections (2)

Letter from the CEO: Reflections on 2024

12/27/2024
It has been a remarkable year for the U.S. Small Business Administration (SBA) 504 loan...
Lender Resource / SBA 504 / SomerCor Updates
A man holding a clipboard in front of shelves.

SBA 504 Refi is a Win-Win for Banks and Borrowers

12/18/2024
The SBA 504 Refinance Program is a strategic debt restructuring solution that helps your bank...
Lender Resource / Refinance / SBA 504 Refinance
frontlinehealthv2

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

12/11/2024
Health care providers in private practice wear many hats. In addition to being a critical...
Business Owner Resource / Medical/Health Services / SBA 504
dec24 Rate

December 2024 SBA 504 Interest Rates

12/05/2024
25 Year Term 6.09% 20 Year Term 6.16% 10 Year Term 6.46% The December 2024...
SBA 504 / SBA Interest Rates
A collage of photos with text that reads, preparing for professional services obligations to use the sba 5 0 4 program.

Financing for Professional Services: Three Reasons to Use the SBA 504 Program

11/14/2024
Financing for Professional Services: Three Reasons to Use the SBA 504 Loan Program The SBA...
Business Owner Resource / Office/Professional Services / SBA 504
nov24 Rate

November 2024 SBA 504 Interest Rates

11/07/2024
25 Year Term 6.28% 20 Year Term 6.35% 10 Year Term 6.46% The November 2024...
SBA 504 / SBA Interest Rates
scorechicago (LinkedIn Single Image Ad)

SCORE Chicago – Free Mentoring for Business Owners

11/06/2024
Business owners - especially those at the start of their journey - wear many hats....
Business Owner Resource / Illinois
A man and woman in hard hats holding up their hands.

Maximization for Manufacturers: Three Reasons to Use the SBA 504 Program

10/24/2024
According to the Illinois Manufacturers Association, Illinois is the fourth largest manufacturing state in the...
Business Owner Resource / Manufacturing / SBA 504
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

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