SBA lender profile
SomerCor 504, Inc.
SomerCor 504, Inc. appears in the public SBA loan data with 2,034 funded 504 and 7(a) loans totaling $1.7B, an average of $821K per loan, and an estimated 27,153 jobs supported. Its SBA lending concentrates in Illinois and the Accommodation and Food Services sector. Across all of its loans in the data, its charge-off rate is 0.0%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, as of 2026-03-31
Funded loans
2,034
Total volume
$1.7B
Average loan size
$821K
Charge-off rate
0.0%
Share of funded loans charged off
Jobs supported (reported)
27,153
Programs
504 and 7(a)
Where SomerCor 504, Inc. lends
Top states by funded SBA volume.
What SomerCor 504, Inc. funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Accommodation and Food Services | 364 | $359.3M |
| Manufacturing | 302 | $330.0M |
| Retail Trade | 220 | $189.3M |
| Health Care and Social Assistance | 237 | $132.0M |
| Other Services | 217 | $122.6M |
| Wholesale Trade | 134 | $115.8M |
SomerCor 504, Inc. SBA lending by year
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 147 | $82.2M |
| 2011 | 164 | $114.6M |
| 2012 | 213 | $179.7M |
| 2013 | 140 | $104.9M |
| 2014 | 119 | $89.2M |
| 2015 | 86 | $53.8M |
| 2016 | 101 | $72.4M |
| 2017 | 106 | $85.7M |
| 2018 | 85 | $51.5M |
| 2019 | 71 | $59.6M |
| 2020 | 105 | $80.4M |
| 2021 | 132 | $104.0M |
| 2022 | 185 | $166.3M |
| 2023 | 100 | $104.0M |
| 2024 | 113 | $119.2M |
| 2025 | 123 | $162.4M |
| 2026 | 44 | $39.1M |
Sources and disclaimer. All figures are computed from
the U.S. Small Business Administration's public FOIA 7(a) and 504 loan data (as of 2026-03-31),
as described in our methodology.
The charge-off rate is the share of SomerCor 504, Inc.'s funded loans marked charged off across all of its
loans in the data; it is not a lifetime default rate. SBA Loan Index is not affiliated with the
SBA and is not a lender, broker, or financial advisor. This is general information, not advice.
Looking for a lender like this?
Compare a few SBA lenders by track record, then get matched with SBA-approved lenders that fund businesses like yours.