News and Updates

December 2020 SBA 504 Rates Are Out!
The March 2021 SBA 504 debenture pricing was competed on March 11, 2021. 25 Year...

SomerCor VP, Elisabeth Williams, Receives NAWBO Chicago Corporate Woman of Achievement Award
SomerCor VP, Elisabeth Williams, Receives NAWBO Chicago Corporate Woman of Achievement Award September 14, 2020...

Daily Herald Business Ledger: Small businesses needing capital should consider the SBA 504 Refinance Program
Are you a business owner in Illinois? Check out the June issue of the Daily...

Small Business Financial Forecasting in the New Normal
As communities lift COVID-19 restrictions and we begin to revive our economy, small businesses must...

SomerCor Partnered with City of Chicago to Help Hundreds of Microbusinesses
SomerCor is proud to have partnered with the City of Chicago to administer the City...

WCPT 820AM Interview with SomerCor CEO on SBA Resources
Last week, SomerCor CEO, Manny Flores, spoke with Joan Esposito on 820AM about SBA resources...

SomerCor Message to Borrowers and Lending Partners in Response to COVID-19
In response to COVID-19, or the coronavirus, SomerCor is prepared to continue fulfilling our mission...

SomerCor Launches Partnership with NAWBO Chicago to support Women Business Owners
SomerCor is proud to announce a formalized partnership with NAWBO Chicago. Formed in 1978, it...