Lender Resource

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2025 SBA Illinois Lender Forums

The Illinois Small Business Administration (SBA) District Office is hosting a series of forums geared...
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SomerCor Hires Michael Piazza to Expand SBA 504 Lending Team

CHICAGO, IL – SomerCor, one of the largest non-profit Small Business Administration (SBA) 504 lenders...
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Daily Herald: SBA 504 Program Expands to Help More Small Businesses Access Capital

The SBA 504 loan program provides a long-term, fixed rate for business owners to build,...
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SBA 504 ALP Express Program Made Permanent

In response to the COVID-19 pandemic, the federal government doubled down on U.S. Small Business...
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Letter from the CEO: Reflections on 2024

It has been a remarkable year for the U.S. Small Business Administration (SBA) 504 loan...
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SBA 504 Refi is a Win-Win for Banks and Borrowers

The SBA 504 Refinance Program is a strategic debt restructuring solution that helps your bank...
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SBA Expands 504 Debt Refinance Program

The SBA 504 refinance program helps small and mid-size businesses take advantage of lower interest...
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SBA 504 Program Green Energy Loans

To be eligible for an SBA 504 Green Loan, borrowers must meet one of these...
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SBA 504 Program Enhancements: Refinance & ALP Express Updates

In response to the COVID-19 pandemic, the federal government doubled down on U.S. Small Business...
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SomerCor’s Five Lender FAQ’s About the SBA 504 REFI

The 504 REFI is a trusted, strategic debt restructuring solution. First launched as a pilot...

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