News and Updates

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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
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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...
SBA 504 / SBA Interest Rates
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The December 2021 SBA 504 debenture pricing was competed on December 9, 2021.

12/09/2021
25 Year Term 3.02% 20 Year Term 2.88% 10 Year Term 2.79% The SBA is...
SBA 504 / SBA Interest Rates
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2022 Outlook: Statement from SomerCor President & CEO

11/18/2021
This November marks my third year as President and CEO of SomerCor. As I reflect...
News and Updates / Press Release / SomerCor Updates
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The November 2021 SBA 504 debenture pricing was competed on November 10, 2021.

11/10/2021
  25 Year Term 2.92% 20 Year Term 2.78% 10 Year Term 2.79% The SBA...
News and Updates / SBA 504 / SBA Interest Rates
A logo for the somercor ceo, manuel perez tapped to succeed cook county economic development advisory subcommittee.

SomerCor CEO to Lead Cook County Economic Development Advisory Subcommittee for Small Businesses

11/02/2021
SomerCor CEO, Manuel Flores, Tapped to Co-lead Cook County Economic Development Advisory Subcommittee for Small...
Advocacy / News and Updates / Press Release
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October SBA 504 Interest Rates Start FY22 at Sub 3%

10/07/2021
  The October 2021 SBA 504 debenture pricing was competed on October 7, 2021. 25...
SBA 504 / SBA Interest Rates
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SomerCor, Leading SBA 504 Lender, Grows its Board of Directors

09/21/2021
SomerCor, a Chicago-based Small Business Administration (SBA) Certified Development Company (CDC), announces the appointment of...
Board of Directors / News and Updates / Press Release / SBA 504
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September SBA 504 Interest Rates Cap Record-Breaking FY21

09/09/2021
The September 2021 SBA 504 debenture pricing was competed on September 9, 2021. 25 Year...
SBA 504 / SBA Interest Rates
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August SBA 504 Interest Rates Remain Below 3%

08/05/2021
The August 2021 SBA 504 debenture pricing was competed on August 5, 2021. 25 Year...
SBA 504 / SBA Interest Rates

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