- Service Name
SBA 504 Loans
- Industry
Financial Services, Loans, Small Business Financing, SBA Loans
- Main Value Proposition
SomerCor empowers small businesses with impactful financial solutions to facilitate growth and job creation.
- Description
SomerCor provides SBA 504 Loans and refinancing options to support small business growth. They also administer grant programs like the City of Chicago Small Business Improvement Fund and Neighborhood Opportunity Fund.
- Key Features
SBA 504 Loans for business expansion; SBA 504 Refinancing options; SBA Community Advantage Loans; Administration of local grant programs (SBIF and NOF)
- Use Cases
Ideal for small business owners seeking financing for expansion, refinancing existing loans, or accessing local grant programs.
- Competitive advantages
Nonprofit status allows for more flexible lending options; Extensive experience since 1992 with a proven track record; Strong community focus with significant local economic impact
- Strengths
SomerCor has deployed over $1.77 billion in SBA loans, creating thousands of jobs and supporting numerous businesses across multiple states.
- Positioning
SomerCor positions itself as a leading nonprofit lender dedicated to supporting small businesses through SBA financing and community investment.
- Audience
Small business owners in Illinois, Indiana, and Wisconsin, lenders looking for SBA loan options, and entrepreneurs seeking financial support.
- CTA
Start Here
- Tags
SBA Loans
Small Business Financing
Community Support
Economic Development
- Tagline
Dream It, Do It!
- Tone of Voice
Supportive, professional, empowering
- Differentiation
SomerCor is a nonprofit lender certified by the Small Business Administration, focusing on community support and tailored customer service.
- Brand Positioning
SomerCor is identified as a trusted partner for small businesses, emphasizing community growth and customer-centric service.
- Founded
1992-10-30