Company Information

Get to know SomerCor

Founded in 1992, SomerCor is a non-profit organization designated by the U.S. Small Business Administration (SBA) as a Certified Development Company (CDC). Its mission is to foster economic development and job creation by providing financing to small businesses. The company specializes in originating and servicing SBA 504 loans, which offer long-term, fixed-rate financing for major fixed assets, such as real estate and equipment. SomerCor is a leading CDC, primarily serving the state of Illinois.

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Financial Other Service

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SomerCor

United States

Founded in

1992 (34 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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FTD LIMITED

(505 reviews)

British Virgin Islands

2017

(9 years)

Security Information :

BVI FSC

Security Information

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.