News and Updates

may25 Rate

May 2025 SBA 504 Interest Rates

25 Year Term 6.39% 20 Year Term 6.41% 10 Year Term 6.20% The May 2025...
dailyherald-manny

Daily Herald: Business Service Organizations Join Forces to Support Entrepreneurs

To meet the capital needs of small businesses, service organizations must be creative in expanding...
sbacimec (2)

SBA 504 Loan Program Key to Made in America Manufacturing Initiative

SomerCor President & CEO, Manny Flores, was on hand for the U.S. Small Business Administration...
FED RESERVE ADVISORY COUNCIL

SomerCor President & CEO Appointed to Federal Reserve Bank of Chicago Advisory Council

SomerCor President & CEO, Manny Flores, was named to the Federal Reserve Bank of Chicago...
april25 Rate

April 2025 SBA 504 Interest Rates

25 Year Term 6.43% 20 Year Term 6.45% 10 Year Term 6.34% The April 2025...
2025 SomerCor and Auora

SomerCor Partners With Aurora Regional Economic Alliance

SomerCor and the Aurora Regional Economic Alliance (Alliance) are proud to announce a new partnership....
march25 Rate

March 2025 SBA 504 Interest Rates

25 Year Term 6.24% 20 Year Term 6.31% 10 Year Term 6.34% The March 2025...
feb25 Rate

February 2025 SBA 504 Interest Rates

25 Year Term 6.28% 20 Year Term 6.35% 10 Year Term 6.64% The February 2025...
New Employee -mikeP

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...
Jan 25 Rate

January 2025 SBA 504 Interest Rates

25 Year Term 6.51% 20 Year Term 6.58% 10 Year Term 6.64% The January 2025...

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