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Find similar grantsSomerCor SBA 504 Green Loan is sponsored by SomerCor (SBA 504 Program). The SBA 504 Green Loan program assists small businesses with the acquisition of commercial real estate and heavy machinery/equipment, or to refinance qualifying fixed-asset debt.
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Small Business SBA 504 Loans | SomerCor SomerCor provides SBA 504 Loans , SBA 504 Refinancing , SBA Community Advantage Loans, and administers the City of Chicago Small Business Improvement Fund (SBIF) and Neighborhood Opportunity Fund (NOF) grant programs. We are the catalyst for the entrepreneurial dream to support your business expansion.
SomerCor celebrates 30 years at client Vanille Patisserie SomerCor is a leading nonprofit lender, certified by the Small Business Administration. We have been providing SBA financing since 1992. We serve communities throughout Illinois, Kenosha, and Rock Counties in Wisconsin and Jasper, Lake, Newton, and Porter counties in Indiana.
Customer service is one of our priorities. Our experienced team will provide tailored support to meet your needs. Call (312) 360-3300 , or email info@somercor.
com , or submit an inquiry via the website to get started. Growing Our Local Economy Since 1992, SomerCor has deployed more than $1. 84 billion in SBA loans to 2,816 businesses in 1,793 communities, leading to the creation of 22,076 jobs.
Our mission is to grow businesses, create jobs, and increase impactful investment in every community through SBA loans and grants. PupStars Pet Care (Photo credit: Pascal Sabino, Block Club Chicago) Wehrli Custom Fabrication Let us help you. Fill out this form and a team member will be in touch.
If you are inquiring if your business is in an eligible Small Business Improvement Fund (SBIF) grant district, please visit the SBIF eligibility page. If you are inquiring about the City of Chicago Neighborhood Opportunity Fund, please visit their website here . Lina Embroidery: SomerCor 504 DPAP Feature Made from Scratch: In 2002, Lina Smilgiene purchased her first embroidery machine and set up shop in...
Tel Aviv Slices: SBIF Feature in North Park SBIF Grant Impact (Lincoln Ave) Or Gera is the owner of the... Park Manor 75: NOF Feature in Greater Grand Crossing Company Profile Park Manor 75 is a a wine and charcuterie bar...
According to the current listing, eligibility includes: Small businesses that acquire commercial real estate, heavy machinery/equipment, or refinance fixed-asset debt, and can demonstrate a 10% reduction in energy consumption, 15% renewable energy generation, or use sustaina…. Confirm the full requirements in the official notice before applying.
SomerCor SBA 504 Green Loan is funded by SomerCor (SBA 504 Program). Verify program details on the funder's official page before applying.
Start from the official opportunity page linked in this listing — it carries the sponsor's submission instructions.
On September 2, 2026, SBA published an updated commercialization benchmark: firms with more than 25 Phase II awards in five years must derive at least 33 percent of total revenue from non-SBIR sources in FY2027, and 50 percent from FY2028 onward. It takes effect November 15, 2026. Because the measurement window looks backward three completed fiscal years, the first test is already decided — and the second is two-thirds decided. Here is the arithmetic, the history, and what firms near the line should do.
Read articleOn August 24, 2026, DOE and SBA signed a memorandum of agreement creating the Small Business Investment Company-Energy Initiative, pointing a $58 billion SBA-leveraged investment program at DOE's technology priorities. No application, no NOFO, no deadline. Here is how SBIC capital actually works, why a January 2026 rule change made this possible, and what a company sitting on a DOE Phase II award should do about it.
Read articleThe Small Business Administration's Manufacturing in America Empower to Grow initiative funds up to ten technical-assistance organizations with $5M each to deliver hands-on training to small manufacturers in aerospace, shipbuilding, advanced manufacturing, and seven other priority sectors. Applications close June 15, 2026 — and the three-year continuous-operation requirement is the rule that ends most LOIs before they start.
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