Education

Business professionals discussing loan program updates.

SBA 504 Program Updates Effective in FY2027

The U.S. Small Business Administration (SBA) published guidance for the 504 loan program in SOP...
Group in meeting discussing SBA 504 program

Busting Five Myths About the SBA 504 Program

The SBA 504 loan program is the premier economic development loan program administered by the...
Business insights article featuring Elisabeth Williams.

Daily Herald: Big Deals, Big Impact – Rethinking Small Businesses

The U.S. Small Business Administration 504 Loan program isn't just for the little guys -...
Learn about FY2027 loan fee waivers

SBA 504 Loan Fees Waived for Manufacturers

Effective October 1, 2026, the U.S. Small Business Administration (SBA) will extend fee waivers for...
Visual guide to SBA 504 program benefits

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

Financing for Professional Services: Three Reasons to Use the SBA 504 Loan Program The SBA...
Steps to owning your business and building

Daily Herald: Pathway to Ownership – Own the Business, Own the Building with the SBA 504

Every day the SomerCor team sees firsthand how building ownership changes the trajectory of a...
Construction professionals shaking hands at job site

SBA Doubles Cumulative 7(a) and 504 Loan Limit to $10 Million

Effective July 4, 2026, the U.S. Small Business Administration (SBA) clarified policy intended to expand...
Outlined Illinois, Indiana, and Wisconsin with SBDC logos

SBDCs – Free Resources for Entrepreneurs to Start, Sustain, and Scale up

Business owners - especially those at the start of their journey - wear many hats....
Smiling doctor with stethoscope and clipboard

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...
Event flyer with logos and headshot

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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