SomerCor

10/16/2026

A big shout out to the 92 businesses that received a $100,000 Catalyst Grant from the Cook County Source - especially the nine SomerCor and clients - Advance Equipment, Ark Glass of Chicago, Atomic Industrial Machine, Inc., Franto Environmental, Hopewell Brewing Company, Ink Factory Studio, Matilda Tostadas, MP Consulting LLC, and Osaghae & Associates, Ltd.

The Catalyst Grant was designed to accelerate growth, strengthen operations and support long-term success for existing businesses in Cook County. The use of funds is limited to hiring and/or training staff, expanding or improving facilities, or purchasing equipment. SomerCor was proud to partner with the Source to promote this opportunity. As an U.S. Small Business Administration certified development company, connecting businesses with capital for fixed assets - commercial real estate and equipment - is central to our mission.

10/15/2026

A big SomerCor shoutout to Darin Gehrke, Preston Gingerich, Kel Hadfield, and Emerson Spaulding on their service anniversaries! Thank you for all that you do to serve small businesses through the loan and grant programs!

10/14/2026

For over 25 years, Brandon Weis and his team at Aurora Sign Company have provided custom signage solutions for their clients. This veteran-owned manufacturing business sees each project as an opportunity to help organizations reinforce brand identity and values through collaboration - from design to installation.

To meet growing demand, the company partnered with SomerCor on an loan to purchase a 30,000 sqft facility - tripling operating space and adding 17 full-time employees: https://hubs.li/Q04BbfTW0.

Contact the SomerCor team today to learn about how the U.S. Small Business Administration is waiving fees for manufacturing 504 projects, making capital more affordable for manufacturers looking to buy, build, or refinance commercial real estate and heavy equipment.

Aurora Sign Co partnered with SomerCor on an SBA 504 loan to purchase commercial real estate.

10/13/2026

The U.S. Small Business Administration published guidance, now in effect for FY27, for the loan program. Learn more about these updates that reflect the agency’s emphasis on strong underwriting and structuring deals that best align with the needs of the borrower: https://hubs.li/Q04B1Ybf0.

Have questions? Sign up for the SomerCor e-newsletter at https://hubs.li/Q04B1Y8G0 to receive the latest news on the SBA 504 loan program. For additional information, connect with a member of SomerCor’s loan origination team today!

SBA Doubles Cumulative 7(a) and 504 Loan Limit to $10 Million

10/12/2026

10/09/2026

🚨Small business leaders - you can shape the policies and programs that affect your business.🚨

SomerCor is proud to partner with the Board of Governors of the Federal Reserve System to conduct their annual Small Business Credit Survey. Take the 12-minute survey now: https://hubs.ly/Q04zNfjr0 (https://hubs.ly/Q04zNfc10)

Your response provides critical data that directly informs policymakers, lenders, service providers, advocates, and researchers.

The survey is open to businesses currently in operation, those recently closed, and those about to launch. All responses are confidential. The survey is open now and closes on November 13th. Make your voice heard!

10/08/2026

October rates are out! The U.S. Small Business Administration 504 loan program provides businesses with certainty through long-term fixed rate financing on commercial real estate and heavy equipment. Contact the SomerCor team today to find out how the SBA 504 loan program helps business owners put less money down and keep more capital in their business.

10/07/2026

SomerCor team member, Sarah Boghossian, was in Itasca to celebrate client, Chicago Glue & Machine, as part of the Illinois Manufacturers' Association and IMEC Bus tour!

Founded in 1984 by Irwin Katz and Chuck Siegal, Chicago Glue is a second-generation family business. SomerCor partnered with the original owners on the purchase of their current headquarters in 2002 - a great investment for the next generation of owners - Irwin’s daughter, Nirel Inman, and Chuck’s son, Brad Siegal! It was definitely a moment ✏️

10/06/2026

It was a great end to FY26 for the SomerCor closing team - Mickey Maslic, Debra Morack, Monika Czubiak, Laura Morales, and Janet Pacheco! In September, eleven businesses had their loans funded, totaling $23,408,000.

Think your business or client would be a good fit? Contact SomerCor today to learn about how the SBA 504 loan program can provide long-term fixed financing with less money down for the purchase, renovation or refinance of commercial real estate and heavy equipment.

10/05/2026

October is Manufacturing Month and SomerCor is helping connect manufacturers with new opportunities to compete, grow, and do business with government and prime contractors at Chicago APEX Accelerator Unlock the Dock 250: Government Symposium & Great Lakes Super Matchmaker event on October 27-28 at the Greenbelt Cultural Center in North Chicago.

The event is being held in collaboration with our economic development partners - Lake County Partners, Southland Development Authority, and the Chinese Mutual Aid Association - Chicago Office - bringing together resources from across the region to support manufacturers and strengthen our regional supply chain. Register here: https://hubs.li/Q04zd8_-0