SomerCor 504, Inc.: SBA Lending Profile
SomerCor 504, Inc. is a Certified Development Company (CDC), headquartered in Chicago, IL. It is active in 9 states, concentrated around IL, WI, IN. Everything below comes from federal SBA loan records, not from the lender's marketing. This is what it has actually funded.
Loan sizes SomerCor 504, Inc. actually approves
The median SBA approval at SomerCor 504, Inc. is $465,000. The middle 80% of its loans fall between $156,000 and $1,642,000. The smallest approval on record since 2020 is $54,000 and the largest is $5,500,000. If the amount you need sits far outside that range, this is probably not the right first call, no matter what the website says.
Programs
| Program | Loans FY25-26 | Median size | Median rate | Median term |
|---|---|---|---|---|
| SBA 504 | 181 | $465K | n/a | 20 years |
| SBA 7(a) | 2 | $80K | 10.5% | 7 years |
Industries it funds most
| Industry | Loans since 2020 | Share |
|---|---|---|
| Full-Service Restaurants | 83 | 5.2% |
| Child Day Care Services | 60 | 3.7% |
| Hotels (except Casino Hotels) and Motels | 53 | 3.3% |
| Limited-Service Restaurants | 42 | 2.6% |
| General Automotive Repair | 38 | 2.4% |
| Car Washes | 36 | 2.2% |
| Full-Service Restaurants | 34 | 2.1% |
| New Car Dealers | 29 | 1.8% |
| Drinking Places (Alcoholic Beverages) | 27 | 1.7% |
| Offices of Physicians (except Mental Health Specialists) | 25 | 1.6% |
| Machine Shops | 22 | 1.4% |
| General Freight Trucking, Long-Distance, Truckload | 22 | 1.4% |
Borrower profile
- only 6.5% of its recent SBA loans went to startups, this lender works almost entirely with established businesses.
- Collateral was taken on 98.6% of its recent SBA loans.
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Sources and limits. Figures are derived from U.S. Small Business Administration 7(a) and 504 FOIA loan-level records (data as of 2026-06-30, retrieved 2026-08-08) and FDIC public institution data. They describe past lending activity only. They are not rate quotes, not current offers, and not an indication that any business will qualify. Lender programs and criteria change. Big Brain Funding is not affiliated with or endorsed by SomerCor 504, Inc..