SomerCor Employee Directory
Financial ServicesIllinois, United States11-50 Employees
SomerCor is a nonprofit organization operating as a U.S. Small Business Administration (SBA) Certified Development Company, focused on providing SBA loan programs in partnership with lenders to support small business growth. Through its SBA 504 loans, it helps buyers finance up to 90% of eligible project costs for owner-occupied commercial real estate and equipment, with financing amounts reaching several million dollars; its SBA 7(a) Community Advantage loans address working capital, debt refinancing, and other essential business needs, filling a financing gap between microloans and conventional lending. In addition to lending, SomerCor administers city-sponsored small business grants to promote economic development in underserved Chicago neighborhoods, managing programs such as the Small Business Improvement Fund (SBIF) and Neighborhood Opportunity Fund (NOF). The organization operates from Chicago, Illinois, and has a regional footprint across numerous communities in Illinois, reflecting its role as a major CDC in the Midwest.
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