SBA News

FY27 Waivers

SBA 504 Loan Fees Waived for Manufacturers

Effective October 1, 2026, the U.S. Small Business Administration (SBA) will extend fee waivers for...
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SBA Doubles Cumulative 7(a) and 504 Loan Limit to $10 Million

Effective July 4, 2026, the U.S. Small Business Administration (SBA) clarified policy intended to expand...
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Investing in the Makers: Financing, Workforce, and Innovation for Illinois Manufacturing

October is Manufacturing Month, a time to honor the people, innovation, and impact behind one...
professionals at SBA 504 event

SBA 504 Loan Program Key to Made in America Manufacturing Initiative

SomerCor President & CEO, Manny Flores, was on hand for the U.S. Small Business Administration...
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SBA 504 ALP Express Program Made Permanent

In response to the COVID-19 pandemic, the federal government doubled down on U.S. Small Business...
Two women discussing a loan application

SBA Expands 504 Debt Refinance Program

The SBA 504 refinance program helps small and mid-size businesses take advantage of lower interest...
Group of officials standing beside SomerCor banner

SomerCor Hosts Federal Elected and Government Officials to Showcase Hispanic Business Growth

SomerCor, a non-profit Small Business Administration (SBA) 504 lender, proudly hosted SBA Regional Administrator, Geri...
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SBA 504 Program Enhancements: Refinance & ALP Express Updates

In response to the COVID-19 pandemic, the federal government doubled down on U.S. Small Business...
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SBA 504 Program Updates Effective August 1st

On August 1st, new rules impacting the SBA 504 program went into effect. Per the...
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WIND 560AM Interview with SomerCor on COVID-19 Response

SomerCor Managing Director of Communications, Kim Brisky, was on "Get Down to Business with Shalom...

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