Legislative/Regulatory
SBA Doubles Cumulative 7(a) and 504 Loan Limit to $10 Million
Effective July 4, 2026, the U.S. Small Business Administration (SBA) clarified policy intended to expand...
Investing in the Makers: Financing, Workforce, and Innovation for Illinois Manufacturing
October is Manufacturing Month, a time to honor the people, innovation, and impact behind one...
SBA 504 Loan Fees Waived for Manufacturers
Effective October 1, 2025, the U.S. Small Business Administration (SBA) instituted fee waivers for manufacturers...
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...
SBA 504 ALP Express Program Made Permanent
In response to the COVID-19 pandemic, the federal government doubled down on U.S. Small Business...
SBA Expands 504 Debt Refinance Program
The SBA 504 refinance program helps small and mid-size businesses take advantage of lower interest...
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...
SBA 504 Program Green Energy Loans
To be eligible for an SBA 504 Green Loan, borrowers must meet one of these...
