SBA News

Copy of 2021-2enhancements (3)

SBA Expands 504 Debt Refinance Program

The SBA 504 refinance program helps small and mid-size businesses take advantage of lower interest...
PRESS-RELEASE-Social-FY2025

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...
A couple of people that are working on some solar panels

SBA 504 Program Update: Green Energy Loans

Effective April 30, 2024, the Small Business Administration (SBA) removed the $16.5 million cap on...
A woman sitting at her desk with a pen in hand.

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...
A woman sitting at a table with papers in front of her.

SBA 504 Program Updates Effective August 1st

On August 1st, new rules impacting the SBA 504 program went into effect. Per the...
A microphone and some stickers on the side of a wall.

WIND 560AM Interview with SomerCor on COVID-19 Response

SomerCor Managing Director of Communications, Kim Brisky, was on "Get Down to Business with Shalom...
A blue and white logo with an image of a microphone.

WCPT 820AM Interview with SomerCor CEO on SBA Resources

Last week, SomerCor CEO, Manny Flores, spoke with Joan Esposito on 820AM about SBA resources...
A woman in blue jacket sitting at a table.

SBA Administrator Carranza Testifies at U.S. House Small Business Committee Hearing

Small Business Administrator Jovita Carranza testified today before the U.S. House Committee on Small Business. The...
A large white building with a dome on top of it.

Congressional Hearing Spotlights SBA 504 Program

On Tuesday, December 10th, the House Small Business Committee on Investigations, Oversight and Regulations held...
A man in an orange vest standing next to a building.

How to Build Your Business in Illinois – SBA Resource Guide

The 2019-2020 Small Business Resource Guide is now available. This document covers a wide range...

Categories