News and Updates

The November 2021 SBA 504 debenture pricing was competed on November 10, 2021.
 25 Year Term 2.92% 20 Year Term 2.78% 10 Year Term 2.79% The SBA...

SomerCor CEO to Lead Cook County Economic Development Advisory Subcommittee for Small Businesses
SomerCor CEO, Manuel Flores, Tapped to Co-lead Cook County Economic Development Advisory Subcommittee for Small...

October SBA 504 Interest Rates Start FY22 at Sub 3%
 The October 2021 SBA 504 debenture pricing was competed on October 7, 2021. 25...

SomerCor, Leading SBA 504 Lender, Grows its Board of Directors
SomerCor, a Chicago-based Small Business Administration (SBA) Certified Development Company (CDC), announces the appointment of...

September SBA 504 Interest Rates Cap Record-Breaking FY21
The September 2021 SBA 504 debenture pricing was competed on September 9, 2021. 25 Year...

August SBA 504 Interest Rates Remain Below 3%
The August 2021 SBA 504 debenture pricing was competed on August 5, 2021. 25 Year...

July 2021 SBA 504 Interest Rates Are Out
The July 2021 SBA 504 debenture pricing was competed on July 8, 2021. 25 Year...

June SBA 504 Interest Rates Stay Below 3%
The June 2021 SBA 504 debenture pricing was competed on June 10, 2021. 25 Year...