Sba 504 loans in Chicago, Illinois

Located in the heart of Chicago, Illinois, SomerCor is a leading finance institution specializing in Small Business Administration (SBA) 504 loans. Our dedicated team of experts is committed to helping small business owners achieve their dreams by providing tailored financial solutions. With over 25 years of experience, we have assisted countless entrepreneurs in obtaining the financing they need to grow and thrive. At SomerCor, we understand the importance of a strong vision and the need for capital to turn that vision into reality. That's why we offer a range of financing options, including SBA 7(a) Community Advantage loans, as well as administering grants such as the City of Chicago's Small Business Improvement Fund (SBIF) and Neighborhood Opportunity Fund (NOF). Our goal is to prioritize business growth, job creation, and community impact.

Small Business Growth Corporation, located at 2401 W White Oaks Dr, Springfield, IL, is a leading financial institution dedicated to supporting the growth and success of small businesses. As a non-profit organization, we focus exclusively on providing tailored financial solutions to help businesses thrive.Our Services:We specialize in the SBA 504 Loan Program, recognized as one of the best financing solutions available for small business owners. This program offers:- Commercial Real Estate Financing: Ideal for the purchase, construction, and renovation of commercial properties. - Equipment Financing: Facilitates the purchase of long-term machinery and equipment. - Refinancing: Allows small business owners to refinance existing commercial mortgages with the 504 Refinance Program, adding just 0.025% to any of the rates above.Why Choose the 504 Loan Program?- Low Fixed Interest Rates: Borrowers benefit from low interest rates fixed for either 10, 20, or 25 years, ensuring predictable payments and eliminating inflationary pressures.