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Osorio Metals Supply: SomerCor SBA 504 Renovation Feature

07/14/2021|SomerCor|Chicago, Client Success Stories, Manufacturing, Renovation, SBA 504

Company Profile

Founded in Chicago, Osorio Metals Supply, Inc. is a second generation family metal works business that supplies structural steel and iron products to contractors and fabricators. The family attributes company growth and sustained customer loyalty to their emphasis on responsive local customer service, experienced staff, and an extensive inventory.

SBA 504 Building Renovation Project with SomerCor

Ruben Osorio started the business as a one-man operation in his garage. In 1992, he purchased his first location in the Humboldt Park community. For nearly 30 years the business remained in that space, until the family purchased a building around the corner to serve as the new headquarters. The new property is 30,000 SQF and more than double the size of their original location, allowing for streamlined operations and increased efficiency.

However, the new property needed significant renovations to accommodate business operations. In a chance meeting at a NAWBO Chicago event, Osorio Metals COO, Adriana Osorio, connected with SomerCor loan officer, Lis Williams. By working with SomerCor to use the SBA 504 program, Adriana accessed critical capital needed to complete building renovations and open the new location.

“Being able to work with SomerCor to obtain a 504 loan was absolutely vital to the trajectory of our 5-year growth plan,” said Osorio. “Acquiring a new facility and transforming the space to fit our needs has been a dream come true for our family business, and it would not have been possible without this program. We are grateful to Lis and the SomerCor team, who were as excited and motivated as we were, to help in our life long endeavor.”

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Osorio Metals Supply, Inc. is Open for Business!

Osorio Metals Supply is open to serve your metal working needs. Visit https://www.osoriometals.com or call (773) 772-4060 to learn more about their offerings.

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.