SomerCor Blog

aug25 Rate

August 2025 SBA 504 Interest Rates

25 Year Term 6.23% 20 Year Term 6.25% 10 Year Term 6.17% The August 2025...
dailyherald-mike

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...
A woman and two children sitting at a table.

Financing for Child Care Services: Three Reasons to Use the SBA 504 Program

Prior to the pandemic, the child care services industry in the U.S. generated around $54.5...
july25 Rate

July 2025 SBA 504 Interest Rates

25 Year Term 6.37% 20 Year Term 6.39% 10 Year Term 6.17% The July 2025...
non-blackplanet (3)

Black Planet Products: NOF Feature in Roseland

Black Planet Products is a retail store in Roseland that serves fragrances, essential oils, soaps...
ground up construction

Financing for Ground-Up Construction: Three Reasons to Use the SBA 504 Program

Businesses across every industry are looking for the ideal space that supports operational efficiency, employee...
Three people are sitting at a table with papers.

Top Three Tips for Small Businesses Applying for an SBA 504 Loan

The SBA 504 loan program is the premier economic development initiative administered by the Small...
504myths

Busting Five Myths About the SBA 504 Program

The SBA 504 loan program is the premier economic development loan program administered by the...
noffinalists

Mayor Johnson Announces Neighborhood Opportunity Fund Finalists

Mayor Brandon Johnson announced fifteen small businesses as the next round of Neighborhood Opportunity Fund...
june25 Rate

June 2025 SBA 504 Interest Rates

25 Year Term 6.37% 20 Year Term 6.39% 10 Year Term 6.20% The June 2025...