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.

Founded in

United States