News and Updates

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SomerCor Goes to Washington to Advocate for the SBA 504 Program

05/20/2022
The week of May 16, 2022, members of the SomerCor team were in Washington, DC,...
Advocacy / Legislative/Regulatory / SBA 504
A man standing in front of an advertisement for sba 5 0 4.

The May 2022 SBA 504 debenture pricing was competed on May 9, 2022.

05/05/2022
25 Year Term 5.12% 20 Year Term 5.06% The SBA is offering a 504 Loan...
SBA 504 / SBA Interest Rates
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Daily Herald Suburban Business: SBA 504 Program – Certainty for small businesses when interest rates are rising

05/04/2022
Are you a business owner in Illinois? Check out the May issue of the Daily...
Business Owner Resource / Illinois / Media / News and Updates / SBA 504
A poster with the words " april 2 0 2 2 sba 5 0 interest rates ".

The April 2022 SBA 504 debenture pricing was completed on April 7, 2022.

04/07/2022
25 Year Term 4.68% 20 Year Term 4.62% The SBA is offering a 504 Loan...
SBA 504 / SBA Interest Rates
A group of people standing in front of the capitol building.

SomerCor President & CEO, Manny Flores, Testifies at Congressional Hearing

03/29/2022
On Tuesday, March 29th, SomerCor President & CEO, Manuel Flores, testified at a House Small...
Advocacy / Business Owner Resource / Education / Legislative/Regulatory / Lender Resource / News and Updates / SBA 504
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SomerCor and NAWBO Chicago Collaborate to Empower Women Entrepreneurs

03/28/2022
SomerCor and NAWBO Chicago Collaborate to Empower Women Entrepreneurs SomerCor is proud to announce the...
Chicago / Illinois / Press Release / SBA 504
A woman is holding her hands up to the side of her head.

The March 2022 SBA 504 debenture pricing was complete on March 10, 2022.

03/10/2022
25 Year Term 3.93% 20 Year Term 3.76% 10 Year Term 3.81% The SBA is...
SBA 504 / SBA Interest Rates
A man sitting in front of a table with papers.

February 2022 SBA 504 Interest Rates Are Out

02/10/2022
25 Year Term 3.59% 20 Year Term 3.45% 10 Year Term 3.07% The SBA is...
SBA 504 / SBA Interest Rates
A group of people standing on the stage for a photo.

Mayor Lightfoot Announces Neighborhood Opportunity Fund Finalists

01/24/2022
This week Mayor Lori Lightfoot announced 31 new Neighborhood Opportunity Fund (NOF) finalists as part...
Chicago / News and Updates / NOF Grant
A woman in white shirt holding a dog.

January 2022 SBA 504 Interest Rates Are Out

01/06/2022
25 Year Term 3.21% 20 Year Term 3.07% 10 Year Term 3.07% The SBA is...
SBA 504 / SBA Interest Rates

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