News and Updates

Copy of 2021-2enhancements (4)

SBA 504 ALP Express Program Made Permanent

In response to the COVID-19 pandemic, the federal government doubled down on U.S. Small Business...
dec24 Rate

December 2024 SBA 504 Interest Rates

25 Year Term 6.09% 20 Year Term 6.16% 10 Year Term 6.46% The December 2024...
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...
Copy of 2021-2enhancements (3)

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...
dailyherald-lisarticle (1)

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...
Copy of dailyherald-ericarticle

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...

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