A sign for state farm with the words " sba 5 0 4 loan commercial purchase & renovation."

Olivia Lucas Insurance Agency: SomerCor 504 WBE Feature

Company Profile

The Olivia Lucas Insurance Agency, Inc. offers car, home, life, health, and business insurance, plus notary public services. Located in Villa Park, the office primarily services clients in DuPage, Cook, Will, Kane, Kendall, and Grundy counties.

Olivia Lucas founded the agency in 2013 after being with State Farm Insurance since 2002. Olivia and her all-female team operate with the mission of helping their policyholders manage the risks of everyday life. Customer service is a top priority – everyone who walks through their doors can expect to be treated in a caring, friendly and professional manner. 

SBA 504 Loan with SomerCor

In January of 2020, Olivia worked with SomerCor to purchase a building to house her insurance agency – located just across the street from the space she rented. By using the 504 for the purchase and renovations, she was able to secure a larger office – upgrading from 2500 to 3200 square feet, while saving money. Her new monthly mortgage amounted to $13,000 in annual savings vs the cost of renting her previous location.

“Somercor has been a great partner for my business! I was able to obtain a low interest rate and put less money down to finance not only the property purchase, but the buildout and equipment I needed as well. I have worked with them several times now and the team has always been so responsive and helpful going through the entire process.”

The Olivia Lucas Insurance Agency is Open for Business!

The Olivia Lucas Insurance Agency is open to serve your insurance needs. Visit https://www.oliviaismyagent.com/ or call (630) 834-8272 to learn more about their offerings. Se habla español.

Download the program flyer and connect with a member of SomerCor’s loan origination team to learn more about how the SBA 504 loan program supports improved cash flow for small businesses.

Contact Us

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Margaret Griffin

EVP, Chief Lending Officer
(312) 360-3320

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Eric Bacon

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Darin Gehrke

SVP Market Lead for Central and Southern Illinois
(217) 793-1075

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Elisabeth Williams