SomerCor Blog

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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
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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
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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
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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
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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
Three people standing in a kitchen with one of them smiling.

SBIF Client Feature Story: In-On Thai

05/21/2024
  Company Profile After closing their first location due to neighborhood redevelopment, In-On Thai owner,...
Bars/Restaurants / Chicago / Client Success Stories / SBIF Grant
A man standing in front of a building with the words may 2 0 2 4 sba 5 0 4 interest rates.

May 2024 SBA 504 Interest Rates

05/09/2024
The May 2024 SBA 504 debenture pricing was competed on May 9, 2024. 25 Year...
SBA 504 / SBA Interest Rates
A duck street restaurant with the words " tif " on it.

SBIF Client Feature Story: Dock’s Great Fish

05/06/2024
  Grantee Profile Dock's Great Fish has been in Chicago for over 35 years, known...
Bars/Restaurants / Chicago / Client Success Stories / SBIF Grant
A woman is smiling and holding her hand out.

Daily Herald: Think Big about the SBA 504 Loan

04/30/2024
When most people envision small businesses, they typically imagine mom-and-pop shops. But did you know...
Business Owner Resource / Media / News and Updates / SBA 504

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