SomerCor Blog

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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...
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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...
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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...
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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...
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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...