News and Updates

nov24 Rate

November 2024 SBA 504 Interest Rates

25 Year Term 6.28% 20 Year Term 6.35% 10 Year Term 6.46% The November 2024...
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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...
oct24 Rate

October 2024 SBA 504 Interest Rates

25 Year Term 6.03% 20 Year Term 6.10% 10 Year Term 5.82% The October 2024...
PRESS-RELEASE-Social-FY2025

SomerCor Hosts Federal Elected and Government Officials to Showcase Hispanic Business Growth

SomerCor, a non-profit Small Business Administration (SBA) 504 lender, proudly hosted SBA Regional Administrator, Geri...
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Daily Herald: SBA 504 Financing for Ground-Up Construction

Businesses across every industry are looking for the ideal space that supports operational efficiency, employee...
sept24 Rate

September 2024 SBA 504 Interest Rates

25 Year Term 5.76% 20 Year Term 5.83% 10 Year Term 5.87% The September 2024...
aug24 Rate

August 2024 SBA 504 Interest Rates

25 Year Term 6.04% 20 Year Term 6.11% 10 Year Term 6.48% The August 2024...
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Daily Herald: Close CRE Deals with the SBA 504 Loan

The commercial real estate market continues to find its footing after the pandemic. Business owners...
july24 Rate

July 2024 SBA 504 Interest Rates

The July 2024 SBA 504 debenture pricing was competed on July 11, 2024. 25 Year...
A couple of people that are working on some solar panels

SBA 504 Program Update: Green Energy Loans

Effective April 30, 2024, the Small Business Administration (SBA) removed the $16.5 million cap on...

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