Siblana Events: SomerCor SBA 504 Feature
Company Profile
Siblana Events is an event and floral design company that specializes in translating client dreams into design. The company’s full service approach includes custom stage and centerpieces and on-site installation. Founder and CEO, Rehana Bhaiji, is a scientist by training. While working in the food and nutrition industry full-time, she helped family, friends, and the local community with their event floral design. In 2015, she launched Siblana Events in her garage. Over the next five years she left her previous career to work full-time in floral design and eventually hired friends and family that she trusted. As the business continued to grow, she moved from storage units into a rental 4,600 sq warehouse.Â
SBA 504 Loan with SomerCor
In 2022, Rehana teamed up with SomerCor loan officer, Lis Williams, and First Women’s Bank banker, Emily Mattes, on an SBA 504 loan to finance the purchase and renovation of a permanent headquarters.
“Working with SomerCor allowed me to realize my dream of owning a permanent studio much sooner than I’d ever anticipated,” said Bhaiji. “Lis was a wealth of knowledge and connected me with the right people to ensure our financial success. We are so happy and proud of our new home and can’t wait to serve our clients with more amazing designs.”
Their new location in Niles is a 24,000 SF building with three floors and ample parking that offers additional space for design, production, and retail. This building was previously a specialty grocery store and needed major exterior renovations to transform the outside of the building that faces a main thoroughfare.
“At First Women’s Bank, we’re thrilled to partner with SomerCor to support inspiring businesses like Siblana Events,” said Mattes. “By pairing SBA tools with mission-aligned deposits, we fuel their growth and contribute to the success of countless women-owned enterprises. Together, we’re building a stronger, more equitable economy for everyone.”
Learn More about Siblana Events
Call 847-791-2208 or visit https://www.siblanaevents.com to learn more about the business and 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.