SBA lender profile
SomerCor 504, Inc.
SomerCor 504, Inc. appears in the public SBA loan data with 2,080 funded 504 and 7(a) loans since FY2010, totaling $1.7B, an average of $805K per loan, and an estimated 27,502 jobs supported. Its SBA lending concentrates in Illinois and the Accommodation and Food Services sector. Across its 7(a) loans, the charge-off rate is 4.1%.
By Mario Bailey · Source: SBA FOIA 7(a) and 504 data, FY2010–2026 (as of 2026-03-31)
- Track record 67
- Scale 96
- Activity 96
- Consistency 89
A relative profile signal from the public SBA record, not a prediction of approval or a guarantee.
Is SomerCor 504, Inc. the right lender for you?
Lenders fund what they know. SomerCor 504, Inc.'s SBA lending concentrates in Illinois (2,038 loans) and Accommodation and Food Services (368 loans), at an average loan of $805K. If your business does not look like that, a different SBA lender is likely the better fit.
See which SBA lenders fund businesses like yours →Ranked on the funded-loan record, not on who pays. Free, and your details go only to the lenders we match you to.
Where SomerCor 504, Inc. lends
Top states by funded SBA volume.
Metro areas where SomerCor 504, Inc. funds
What SomerCor 504, Inc. funds
Top industries by funded SBA volume.
| Industry | Loans | Total volume |
|---|---|---|
| Accommodation and Food Services | 368 | $359.9M |
| Manufacturing | 306 | $330.5M |
| Retail Trade | 228 | $190.5M |
| Health Care and Social Assistance | 243 | $132.6M |
| Other Services | 219 | $122.9M |
| Wholesale Trade | 136 | $116.0M |
SomerCor 504, Inc. SBA lending by year
Funded SBA volume by approval fiscal year (FY2010–2026).
| Fiscal year | Loans | Total volume |
|---|---|---|
| 2010 | 147 | $82.2M |
| 2011 | 164 | $114.6M |
| 2012 | 213 | $179.7M |
| 2013 | 140 | $104.9M |
| 2014 | 124 | $90.0M |
| 2015 | 97 | $55.5M |
| 2016 | 117 | $74.4M |
| 2017 | 108 | $85.9M |
| 2018 | 92 | $52.3M |
| 2019 | 76 | $60.2M |
| 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 |
Related SBA lenders
Other lenders active in Illinois or in Accommodation and Food Services.
New to the program? See how an SBA 504 loan works (the structure, the rates, and the CDC's role), browse every Certified Development Company ranked by 504 volume , or see how to choose an SBA lender by track record.
SomerCor 504, Inc.: frequently asked questions
Does SomerCor 504, Inc. offer SBA loans?
Yes. SomerCor 504, Inc. appears in the public SBA data with 2,080 funded SBA 504 and 7(a) loans totaling $1.7B.
How many SBA loans has SomerCor 504, Inc. made?
SomerCor 504, Inc. is associated with 2,080 SBA 504 and 7(a) loans totaling $1.7B in the public SBA data (as of 2026-03-31).
What is SomerCor 504, Inc.'s SBA charge-off rate?
About 4.1% of SomerCor 504, Inc.'s 7(a) loans in the data have been charged off. A lower rate is generally a better sign, but it is not a lifetime default rate; see our methodology for how it is calculated.
Where does SomerCor 504, Inc. do most of its SBA lending?
SomerCor 504, Inc.'s SBA lending in the data is most concentrated in Illinois, and by industry in Accommodation and Food Services.
This page is the public view of your institution's SBA record: rank, trajectory, and market position, computed from the complete public 7(a)/504 dataset. The full competitive picture (your share against named competitors by state and industry, and the growing markets you're absent from) is available to your team.
Request your institution's benchmarking →Mario Bailey. (2026). SomerCor 504, Inc. SBA lending profile. SBA Loan Index. https://sbaloanindex.com/lenders/somercor-504-inc/
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