May 2025 SBA 504 Interest Rates
25 Year Term 6.39%
20 Year Term 6.41%
10 Year Term 6.20%
The May 2025 SBA 504 debenture pricing was completed on May 8, 2025. The SBA offers a 504 Loan with a 25-year maturity for the acquisition of owner-occupied commercial real estate and related costs. This is in addition to the 10 and 20 year loans currently available in the 504 Loan Program. Loans are typically eligible for up to 90% financing of project costs. Rates include monthly servicing fees to CDC, SBA, and central servicing agent; based on SBA FY25 fees. SBA 504 refi rates are approximately 3 basis points higher than debenture pricing noted above.
SomerCor President & CEO, Manny Flores, was named to the Federal Reserve Bank of Chicago Advisory Council.
The Advisory Council is comprised of diverse leaders with expertise across a broad range of industries, with special attention to those that serve vulnerable communities. Council members advise Fed leadership about current economic conditions and emerging issues impacting their constituencies. These discussions help inform Fed leadership who then contribute to national monetary policy decisions. Click here to learn more and view the full list of Advisory Council members.
SomerCor Inaugural Charity Golf Outing
SomerCor is hosting its 1st Annual Charitable Golf Outing on July 28, 2025, at the Midlothian Country Club! This inaugural event will bring together commercial lenders, industry leaders, and community stakeholders for a day of golf, networking, and philanthropy.
Sponsorship opportunities are available now. A special thank you to Premier Title, Brown CPA Group, Ltd., Old National Bank, Fifth Third Bank, Wintrust, InBalance, Bespoke Commercial Real Estate, Alera Group, Pichón, and Cornerstone National Bank for their early support!
The outing will mark the launch of SomerCor’s participation in the National Association of Development Company’s (NADCO) VetLoan Advantage Program, a national initiative designed to support military veterans in starting or growing their businesses. Proceeds from the golf outing will be earmarked to support veteran entrepreneurs – helping to fund critical business expenses such as business advisory services, loan fee waivers, and down payment assistance on SBA 504 and Community Advantage Loans.
Scan the QR code above or click the button below to select a sponsorship or sign-up your foursome! Thank you for your support and we look forward to seeing you on the course.
