Business Owner Resource

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SomerCor’s Top 10 SBA 504 Program FAQs

12/20/2023
What is the SBA 504 program? The SBA 504 loan program is the premier economic...
Business Owner Resource / SBA 504
Two men standing in a kitchen with one man leaning on the other.

Financing for Restaurants: Three Reasons to Use the SBA 504 Program

12/14/2023
Opening and operating a restaurant requires significant upfront costs and ongoing expenses. From purchasing and...
Bars/Restaurants / Business Owner Resource / Commercial Real Estate / SBA 504
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Scaling Up for Skilled Trades: Three Reasons to Use the SBA 504 Program

11/20/2023
The SBA 504 loan program is a great option for skilled trade professionals looking to...
Business Owner Resource / Commercial Real Estate / Construction/Trades / Refinance / Renovation / SBA 504
A man is holding a clipboard and smiling.

Financing for Fitness Centers: Three Reasons to Use the SBA 504 Program

10/18/2023
Opening and operating a fitness center requires significant upfront costs and ongoing expenses. From purchasing...
Business Owner Resource / Commercial Real Estate / Fitness/Recreation / Renovation / SBA 504
A hand holding out a sign that says, " franchise."

SBA 504 Loans – The Best Kept Secret For Franchise Financing

09/28/2023
Are you a looking to finance a franchise location? Consider the SBA 504 loan -...
Business Owner Resource / Commercial Real Estate / Franchise / Ground-Up Construction / Renovation / SBA 504
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SomerCor Partners with IMEC & Cook County to Support Manufacturers

05/05/2023
On May 1st, SomerCor teamed up with IMEC, the Cook County Bureau of Economic Development...
Business Owner Resource / Illinois / Manufacturing / SBA 504
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Daily Herald: SBA 504 Program – Accessing Capital in a High-Interest Rate Environment

05/01/2023
Are you a business owner in Illinois? Check out the May issue of the Daily...
Business Owner Resource / Media / News and Updates / SBA 504
A business ledger article with an image of a woman.

Daily Herald Suburban Business: SBA 504 Program – Certainty for small businesses when interest rates are rising

05/04/2022
Are you a business owner in Illinois? Check out the May issue of the Daily...
Business Owner Resource / Illinois / Media / News and Updates / SBA 504
A group of people standing in front of the capitol building.

SomerCor President & CEO, Manny Flores, Testifies at Congressional Hearing

03/29/2022
On Tuesday, March 29th, SomerCor President & CEO, Manuel Flores, testified at a House Small...
Advocacy / Business Owner Resource / Education / Legislative/Regulatory / Lender Resource / Media / News and Updates / SBA 504
A business ledger and somercor logos

Daily Herald Business Ledger: SBA 504 Program – Proven Impact in Times of Economic Uncertainty

12/14/2020
Are you a business owner in Illinois? Check out the December issue of the Daily...
Business Owner Resource / News and Updates / SBA 504

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