News and Updates

New Employee -mikeP

SomerCor Hires Michael Piazza to Expand SBA 504 Lending Team

01/17/2025
CHICAGO, IL – SomerCor, one of the largest non-profit Small Business Administration (SBA) 504 lenders...
Lender Resource / News and Updates / Press Release / SomerCor Updates
Jan 25 Rate

January 2025 SBA 504 Interest Rates

01/09/2025
25 Year Term 6.51% 20 Year Term 6.58% 10 Year Term 6.64% The January 2025...
SBA 504 / SBA Interest Rates
dailyherald-MAG (2)

Daily Herald: SBA 504 Program Expands to Help More Small Businesses Access Capital

01/06/2025
The SBA 504 loan program provides a long-term, fixed rate for business owners to build,...
Lender Resource / Media / News and Updates / SBA 504
Copy of 2021-2enhancements (4)

SBA 504 ALP Express Program Made Permanent

01/02/2025
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
dec24 Rate

December 2024 SBA 504 Interest Rates

12/05/2024
25 Year Term 6.09% 20 Year Term 6.16% 10 Year Term 6.46% The December 2024...
SBA 504 / SBA Interest Rates
nov24 Rate

November 2024 SBA 504 Interest Rates

11/07/2024
25 Year Term 6.28% 20 Year Term 6.35% 10 Year Term 6.46% The November 2024...
SBA 504 / SBA Interest Rates
Copy of 2021-2enhancements (3)

SBA Expands 504 Debt Refinance Program

10/17/2024
The SBA 504 refinance program helps small and mid-size businesses take advantage of lower interest...
Legislative/Regulatory / Lender Resource / Refinance / SBA 504 Refinance / SBA News
oct24 Rate

October 2024 SBA 504 Interest Rates

10/10/2024
25 Year Term 6.03% 20 Year Term 6.10% 10 Year Term 5.82% The October 2024...
SBA 504 / SBA Interest Rates
PRESS-RELEASE-Social-FY2025

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

10/04/2024
SomerCor, a non-profit Small Business Administration (SBA) 504 lender, proudly hosted SBA Regional Administrator, Geri...
Legislative/Regulatory / Manufacturing / News and Updates / Press Release / Refinance / Renovation / SBA 504 / SBA News / SomerCor Updates
dailyherald-lisarticle (1)

Daily Herald: SBA 504 Financing for Ground-Up Construction

09/12/2024
Businesses across every industry are looking for the ideal space that supports operational efficiency, employee...
Business Owner Resource / Ground-Up Construction / Media / News and Updates / SBA 504

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