SomerCor Blog

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...
Portraits of three executives with SomerCor logo

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...
Chicago brick commercial building storefront and sidewalk

Brook Architecture: SomerCor SBA 504 Feature

Company Profile Founded in 1995 by RaMona Westbrook, Brook Architecture is a Chicago-based practice providing...
SomerCor team with CDC of the Year sign

SomerCor Awarded CDC of the Year for SBA 504 Lending Excellence

CHICAGO - SomerCor, a non-profit, Certified Development Company (CDC) licensed by the Small Business Administration (SBA), proudly announces its selection as the CDC of...
SBA 504 interest rates with two construction workers

February 2026 SBA 504 Interest Rates

25 Year Term 5.80% 20 Year Term 5.86% 10 Year Term 5.67% The February 2026...
SomerCor $3,860,000 SBA 504 loan Chicago property

MOOvers Chicago: SomerCor SBA 504 Loan Feature

Moovers & Shakers: Chicago pride has always driven Cezar Daniel Iordan to do his very best. In fact, it’s exactly what motivated him to start his business. While...
Four people standing by colorful mural

Park Manor 75: NOF Feature in Greater Grand Crossing

Company Profile Park Manor 75 is a a wine and charcuterie bar owned by husband-and-wife...
Man standing in luggage factory warehouse

SBIF Client Feature Story: Platt Luggage, Inc

Company Profile Platt Luggage, Inc. is a fourth generation family business that manufactures high quality...