Products

Two men in a factory looking at something on the ground.

Growth Opportunities for Manufacturers: SBA 504 Equipment Loans

01/06/2024
Right now manufacturers in Illinois face both increased labor challenges and avenues for growth. The...
Business Owner Resource / Equipment / Green Energy / Manufacturing / SBA 504
A man and woman holding a sign in front of them.

SomerCor’s Top 10 SBA 504 Program FAQs

12/20/2023
What is the SBA 504 program? The SBA 504 loan program is the premier economic...
Business Owner Resource / SBA 504
Two men standing in a kitchen with one man leaning on the other.

Financing for Restaurants: Three Reasons to Use the SBA 504 Program

12/14/2023
Opening and operating a restaurant requires significant upfront costs and ongoing expenses. From purchasing and...
Bars/Restaurants / Business Owner Resource / Commercial Real Estate / SBA 504
A woman smiling in front of the sba interest rates banner.

December 2023 SBA 504 Interest Rates

12/07/2023
The December 2023 SBA 504 debenture pricing was completed on December 7, 2023. 25 Year...
SBA 504 / SBA Interest Rates
A picture of a person with a business logo.

Daily Herald: SomerCor CEO Celebrates Big Milestones

11/29/2023
November 2023 marked five years at the helm for SomerCor President & CEO, Manny Flores....
Media / News and Updates / SBA 504 / SomerCor Updates
A man in blue shirt holding up a metal object.

Scaling Up for Skilled Trades: Three Reasons to Use the SBA 504 Program

11/20/2023
The SBA 504 loan program is a great option for skilled trade professionals looking to...
Business Owner Resource / Commercial Real Estate / Construction/Trades / Refinance / Renovation / SBA 504
A woman sitting at her desk with a pen in hand.

SBA 504 Program Enhancements: Refinance & ALP Express Updates

11/14/2023
In response to the COVID-19 pandemic, the federal government doubled down on U.S. Small Business...
Legislative/Regulatory / Lender Resource / SBA 504 / SBA News
A woman in a white shirt is holding a laptop

November 2023 SBA 504 Interest Rates

11/09/2023
The November 2023 SBA 504 debenture pricing was competed on November 9, 2023. 25 Year...
SBA 504 / SBA Interest Rates
A blue and white graphic with the words " somercor expands its small business to northwest indiana ".

SomerCor Expands Its Small Business Lending to Northwest Indiana

11/01/2023
SomerCor, an Illinois non-profit, Certified Development Company (CDC) licensed by the Small Business Administration (SBA)...
Indiana / News and Updates / Press Release / SBA 504 / SomerCor Updates
A man walking on the sidewalk in front of a store.

SBIF Client Feature Story: Almacenes Mexico

10/12/2023
Grantee Profile Almacenes Mexico is a retail clothing store owned and operated by Delfin Delgado....
Chicago / Client Success Stories / Renovation / Retail / SBIF Grant

Categories

Archives