Education

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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
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SBA 504 Program Enhancements: Refinance & ALP Express Updates

11/14/2023
In response to the COVID-19 pandemic, the federal government doubled down on U.S. Small Business...
Legislative/Regulatory / Lender Resource / SBA 504 / SBA News
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’s Five Lender FAQ’s About the SBA 504 REFI

08/31/2023
The 504 REFI is a trusted, strategic debt restructuring solution. First launched as a pilot...
Lender Resource / Refinance / SBA 504 Refinance
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SBA 504 Program Updates Effective August 1st

08/01/2023
On August 1st, new rules impacting the SBA 504 program went into effect. Per the...
Lender Resource / SBA 504 / SBA News
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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
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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
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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 / News and Updates / SBA 504
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New SBA 504 REFI Rules [WEBINAR]

12/07/2021
On July 29, 2021 the Small Business Administration published Interim Final Rule 021-15975, outlining enhancements...
Lender Resource / SBA 504 Refinance / Webinar

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