SomerCor Blog

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Financing for Fitness Centers: Three Reasons to Use the SBA 504 Program

Opening and operating a fitness center requires significant upfront costs and ongoing expenses. From purchasing...
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April 2026 SBA 504 Interest Rates

25 Year Terms 20 Year Terms 10 Year Terms SBA 504 Rates 5.94%5.98%5.61%SBA 504 Rates...
2026 Illinois lender forums poster with map

2026 SBA Illinois Lender Forums

The Illinois Small Business Administration (SBA) District Office is hosting a series of forums geared...
SomerCor Cook County grant for small businesses

SomerCor Receives Cook County Grant to Launch Innovative Down Payment Assistance Program for Small Businesses

CHICAGO — SomerCor, a nonprofit U.S. Small Business Administration (SBA) Certified Development Company (CDC) and leading provider of SBA...
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SomerCor Down Payment Assistance Program

Own the Business. Own the Building.   SomerCor helps small businesses purchase owner-occupied commercial real estate through the...
SomerCor charity golf outing July 27

SomerCor VetLoan Advantage Charity Golf Outing  

Support Military Veteran-owned Businesses at SomerCor’s Annual Charity Golf Outing!  SomerCor is a 501(c)3 organization that raises funds...
March 2026 SBA 504 rates with warehouse worker

March 2026 SBA 504 Interest Rates

25 Year Terms 20 Year Terms 10 Year Terms SBA 504 Rates 5.72%5.78%5.61%SBA 504 Rates...
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SomerCor Expands Board of Directors, Emphasizing Strategic Partnerships 

CHICAGO — SomerCor, a nonprofit U.S. Small Business Administration (SBA) Certified Development Company (CDC) and...
Webinar recording: Growing Manufacturing in 2026

Webinar Recording: Growing Manufacturing in 2026

Game-Changing Tax Breaks and Resources for Manufacturers Join manufacturing resource providers, tax professionals, and SBA...
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Brook Architecture: SomerCor SBA 504 Feature

Company Profile Founded in 1995 by RaMona Westbrook, Brook Architecture is a Chicago-based practice providing...