Project Type

A couple of people that are working on some solar panels

SBA 504 Program Update: Green Energy Loans

05/24/2024
Effective April 30, 2024, the Small Business Administration (SBA) removed the $16.5 million cap on...
Green Energy / Legislative/Regulatory / Lender Resource / SBA 504 / SBA News
A globe sitting on top of a table.

Earth Day: Go Green with an SBA 504 Loan

04/22/2024
According to the U.S. Green Building Council, "high-performing green buildings, particularly LEED-certified buildings, provide the...
Business Owner Resource / Green Energy / SBA 504
A man standing in front of a large metal box.

SBIF Client Feature Story: Platt Luggage, Inc

03/25/2024
Company Profile Platt Luggage, Inc. is a fourth generation family business that manufactures high quality...
Chicago / Client Success Stories / Illinois / Manufacturing / Renovation / SBIF Grant
A woman sitting in front of a table with a vase.

Siblana Events: SomerCor SBA 504 Feature

03/13/2024
Company Profile Siblana Events is an event and floral design company that specializes in translating...
Client Success Stories / Commercial Real Estate / Illinois / Loan / Renovation / SBA 504
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
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 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 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
A hand holding out a sign that says, " franchise."

SBA 504 Loans – The Best Kept Secret For Franchise Financing

09/28/2023
Are you a looking to finance a franchise location? Consider the SBA 504 loan -...
Business Owner Resource / Commercial Real Estate / Franchise / Ground-Up Construction / Renovation / SBA 504
Two women sitting at a table with papers and laptops.

SomerCor’s Five Lender FAQ’s About the SBA 504 REFI

08/31/2023
The 504 REFI is a trusted, strategic debt restructuring solution. First launched as a pilot...
Lender Resource / Refinance / SBA 504 Refinance

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