SomerCor Blog

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SBA 504 Loan Fees Waived for Manufacturers

Effective October 1, 2025, the U.S. Small Business Administration (SBA) instituted fee waivers for manufacturers...
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Growth Opportunities for Manufacturers: SBA 504 Equipment Loans

Right now manufacturers in Illinois face both increased labor challenges and avenues for growth. The...
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Scaling Up for Skilled Trades: Three Reasons to Use the SBA 504 Program

The SBA 504 loan program is a great option for skilled trade professionals looking to...
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September 2025 SBA 504 Interest Rates

25 Year Term 6.00% 20 Year Term 6.02% 10 Year Term 5.77% The September 2025...
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Daily Herald: Own a business? Own your building with the SBA 504 loan

If you own a business, owning your building offers financial and operational benefits. The SBA...
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Snow Family Dental: SomerCor SBA 504 Feature

Founded in 2015, Snow Family Dental, LLC, is a restorative and preventative general dentistry practice...
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SomerCor’s Top 10 SBA 504 Program FAQs

What is the SBA 504 program? The SBA 504 loan program is the premier economic...
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SBA 504 Offers Secure Small Business Lending Option for Banks

The SBA 504 program offers banks a secure lending option to help small business clients...
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August 2025 SBA 504 Interest Rates

25 Year Term 6.23% 20 Year Term 6.25% 10 Year Term 6.17% The August 2025...
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Daily Herald: Financing for Franchises with the SBA 504 Program

A franchise location, while tied to a national or regional brand, is still a small...