States Served
Top Industries Financed
- Offices of Physicians, Mental Health Specialists
- Other Heavy and Civil Engineering Construction
- Home Health Care Services
Quick Summary
SomerCor 504, Inc. is an SBA-approved lender headquartered in Chicago, Illinois. Since 2020, they have approved 3 SBA 7(a) loans totaling $230K, with an average loan size of $77K. They primarily serve Illinois businesses.
About SomerCor 504, Inc.
SomerCor 504, Inc. is an SBA-approved lender headquartered in Chicago, Illinois. Since 2020, they have approved 3 SBA 7(a) loans totaling $230K, with an average loan size of $77K. They primarily serve businesses in Illinois.
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Frequently Asked Questions
Is SomerCor 504, Inc. an SBA Preferred Lender?
SomerCor 504, Inc. is an SBA-approved lender but does not currently hold Preferred Lender (PLP) status. Loan approvals require standard SBA review, which typically adds 2–4 weeks to the process.
How many SBA loans has SomerCor 504, Inc. approved?
According to SBA FOIA public records, SomerCor 504, Inc. has approved 3 SBA 7(a) loans totaling $230K since 2020. Their average loan size is $77K.
What states does SomerCor 504, Inc. serve?
SomerCor 504, Inc. primarily serves businesses in Illinois.
How do I apply for an SBA loan with SomerCor 504, Inc.?
To apply for an SBA 7(a) loan with SomerCor 504, Inc., contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.
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