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SomerCor logo — A top 20 CDC, SomerCor is a non-profit certified by the SBA...

SomerCor

A top 20 CDC, SomerCor is a non-profit certified by the SBA facilitating SBA 504 & 7(a) CA loans, and SBIF & NOF grants.

Founded 1992 United States Chicago, United States 39 employees Finance, Financial Services +2

General Information

Company Name SomerCor
Founded Year 1992
Location United States Chicago, United States +1
Employees 39
Industries Finance, Financial Services, Lending and Investments +1
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About SomerCor

SomerCor, a top 20 CDC, is a non-profit specializing in SBA 504 & 7(a) CA loans, and SBIF & NOF grants. Established in 1992, the organization has deployed $1.65 billion in SBA loans, creating 45,774 jobs across 1,649 communities in Illinois. SomerCor also manages small business grants for the City of Chicago, injecting over $123 million into underserved neighborhoods. Their services include SBA 504 loans for real estate and equipment financing, SBA 7(a) Community Advantage loans for working capital, and City of Chicago grant programs like SBIF and NOF, catering to businesses within specific TIF districts. With a focus on economic development and job creation, SomerCor plays a crucial role in fostering entrepreneurship and supporting small businesses in the Midwest.

Taxonomy: SBA lending, small business loans, economic development, community development, grant administration, commercial real estate financing, entrepreneurship catalyst, business improvement grants, neighborhood revitalization, non-profit lending, job creation, TIF district development, SBA 504 loan, SBA 7(a) loan, small business support

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SomerCor Alternatives & Competitors

SomerCor vs
B:Side Capital + B:Side Fund
B:Side Capital + B:Side Fund United States

True fans of small business since 1990. Formerly known as Colorado Lending Source.

55 employees
Financial Services, Lending and Investments
SomerCor vs
WBD Inc.
WBD Inc. United States

Helping small businesses and lending institutions utilize SBA lending programs

67 employees
Finance, Financial Services
SomerCor vs
Mountain West Small Business Finance
Mountain West Small Business Finance United States

We empower small business owners to succeed through our lending and educational programs.

50 employees
Financial Services, Lending and Investments

FAQ About SomerCor

A top 20 CDC, SomerCor is a non-profit certified by the SBA facilitating SBA 504 & 7(a) CA loans, and SBIF & NOF grants.
SomerCor was founded in 1992.
SomerCor is headquartered in Chicago, United States.
SomerCor operates in the following industries: Finance, Financial Services, Lending and Investments, Banking.
SomerCor has approximately 39 employees.
Top alternatives and competitors to SomerCor include B:Side Capital + B:Side Fund, WBD Inc., Mountain West Small Business Finance. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
SomerCor and B:Side Capital + B:Side Fund are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

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