News and Updates

aug25 Rate

August 2025 SBA 504 Interest Rates

25 Year Term 6.23% 20 Year Term 6.25% 10 Year Term 6.17% The August 2025...
dailyherald-mike

Daily Herald: Financing for Franchises with the SBA 504 Program

A franchise location, while tied to a national or regional brand, is still a small...
july25 Rate

July 2025 SBA 504 Interest Rates

25 Year Term 6.37% 20 Year Term 6.39% 10 Year Term 6.17% The July 2025...
noffinalists

Mayor Johnson Announces Neighborhood Opportunity Fund Finalists

Mayor Brandon Johnson announced fifteen small businesses as the next round of Neighborhood Opportunity Fund...
june25 Rate

June 2025 SBA 504 Interest Rates

25 Year Term 6.37% 20 Year Term 6.39% 10 Year Term 6.20% The June 2025...
may25 Rate

May 2025 SBA 504 Interest Rates

25 Year Term 6.39% 20 Year Term 6.41% 10 Year Term 6.20% The May 2025...
dailyherald-manny

Daily Herald: Business Service Organizations Join Forces to Support Entrepreneurs

To meet the capital needs of small businesses, service organizations must be creative in expanding...
sbacimec (2)

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...
FED RESERVE ADVISORY COUNCIL

SomerCor President & CEO Appointed to Federal Reserve Bank of Chicago Advisory Council

SomerCor President & CEO, Manny Flores, was named to the Federal Reserve Bank of Chicago...
april25 Rate

April 2025 SBA 504 Interest Rates

25 Year Term 6.43% 20 Year Term 6.45% 10 Year Term 6.34% The April 2025...

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