Unverified listing What this means
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Certified Development Company, Chicago, IL
SomerCor 504, Inc.
A Certified Development Company based in Chicago, IL. Public files show recent SBA 7(a) loans it made.
- Kind
- SBA Certified Development Company
- Data as of
- HMDA 2025, SBA September 30, 2026
- Page last changed
- November 12, 2026
Named as the lender on SBA-approved loans.
- Multifamily loans made, 2025
- Not reported
- HMDA,
- HMDA, 5 or more units
- Investor loans made, 2025
- Not reported
- HMDA,
- 1-4 units or business purpose
- SBA loans, 36 months
- 3
- SBA FOIA,
- 7(a) and 504, net of cancelled
- SBA 504 as CDC
- 301
- SBA FOIA,
- Net of cancelled
Does it fit my deal?
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How to reach them
Each line shows where it came from
- Phone
- No phone number is on record. Try the lender's website.
- Website
- somercor.comFrom the SBA list, May 1, 2024.
- Based in
- Chicago, ILSBA FOIA,
Recently done
Some recorded lending
Some recorded lending. One public file shows loans this lender made.
| When | What the record shows | Source |
|---|---|---|
| November 9, 2026 | Listed by SBA as a Certified Development Company.Membership in a public list, not lending volume. | SBA lender lists, |
| May 1, 2024 | Listed by SBA as a Community Advantage Small Business Lending Company. The list's own page says it is current as of May 1, 2024; the file itself was last changed on December 8, 2025.Membership in a public list, not lending volume. | SBA lender lists, |
Banks report no loan-level data for office, retail, industrial or construction loans. This list shows only multifamily and SBA loans.
| Period | Place | Loan | Amount | Rate | Term | LTV | Source |
|---|---|---|---|---|---|---|---|
| Jun 2026 | Illinois | SBA 504, Offices of Lawyers | $380K | 25 yr | SBA FOIA | ||
| May 2026 | Illinois | SBA 504, Administrative and Support and Waste Management and Remediation Services | $150K | 25 yr | SBA FOIA | ||
| Apr 2026 | Illinois | SBA 504, Full-Service Restaurants | $500K | 25 yr | SBA FOIA | ||
| Apr 2026 | Illinois | SBA 504, Plumbing, Heating, and Air-Conditioning Contractors | $300K | 25 yr | SBA FOIA | ||
| Mar 2026 | Illinois | SBA 504, General Automotive Repair | $800K | 25 yr | SBA FOIA | ||
| Mar 2026 | Illinois | SBA 504, Full-Service Restaurants | $620K | 25 yr | SBA FOIA | ||
| Mar 2026 | Illinois | SBA 504, Health Care and Social Assistance | $380K | 25 yr | SBA FOIA | ||
| Mar 2026 | Illinois | SBA 504, Other Services (except Public Administration) | $280K | 25 yr | SBA FOIA | ||
| Mar 2026 | Illinois | SBA 504, Construction | $250K | 25 yr | SBA FOIA | ||
| Mar 2026 | Illinois | SBA 504, Limited-Service Restaurants | $140K | 25 yr | SBA FOIA | ||
| Feb 2026 | Illinois | SBA 504, General Freight Trucking, Long-Distance, Truckload | $3.8M | 25 yr | SBA FOIA | ||
| Feb 2026 | Illinois | SBA 504, Full-Service Restaurants | $660K | 25 yr | SBA FOIA | ||
| Feb 2026 | Illinois | SBA 504, Other Services (except Public Administration) | $420K | 25 yr | SBA FOIA | ||
| Feb 2026 | Illinois | SBA 504, Insurance Agencies and Brokerages | $250K | 25 yr | SBA FOIA | ||
| Jan 2026 | Indiana | SBA 504, New Car Dealers | $2.2M | 25 yr | SBA FOIA | ||
| Jan 2026 | Illinois | SBA 504, Other Services (except Public Administration) | $850K | 25 yr | SBA FOIA | ||
| Jan 2026 | Illinois | SBA 504, Professional, Scientific, and Technical Services | $650K | 25 yr | SBA FOIA | ||
| Jan 2026 | Illinois | SBA 504, Retail Trade | $350K | 25 yr | SBA FOIA | ||
| Dec 2025 | Illinois | SBA 504, Commercial Printing (except Screen and Books) | $520K | 25 yr | SBA FOIA | ||
| Dec 2025 | Illinois | SBA 504, All Other Specialty Trade Contractors | $410K | 25 yr | SBA FOIA | ||
| Dec 2025 | Illinois | SBA 504, Plumbing, Heating, and Air-Conditioning Contractors | $380K | 25 yr | SBA FOIA | ||
| Dec 2025 | Illinois | SBA 504, Pet Care (except Veterinary) Services | $360K | 25 yr | SBA FOIA | ||
| Jul 2025 | Illinois | SBA 7(a), Offices of Physicians, Mental Health Specialists | $100K | 10.5% | 7 yr | SBA FOIA | |
| May 2025 | Illinois | SBA 7(a), Home Health Care Services | $50K | 10.5% | 7 yr | SBA FOIA | |
| Feb 2024 | Illinois | SBA 7(a), Other Heavy and Civil Engineering Construction | $80K | 11.5% | 7 yr | SBA FOIA |
A blank means the source did not report it.
What it lends on
HMDA and SBA files
| Kind of loan | Period | Loans made | Dollars | Typical size | Largest | Source |
|---|---|---|---|---|---|---|
| SBA 7(a), net of cancelled | 36 months to Sep 2026 | 3 | $230K | $80.0K | $100K | SBA FOIA, |
| SBA 504 as CDC, net of cancelled | 36 months to Sep 2026 | 301 | $344M | SBA FOIA, |
| Industry | Loans | Dollars |
|---|---|---|
| Full-Service Restaurants | 15 | $8.70M |
| Wholesale Trade | 10 | $12.1M |
| Manufacturing | 8 | $7.45M |
| Limited-Service Restaurants | 8 | $4.02M |
| Hotels (except Casino Hotels) and Motels | 7 | $14.4M |
| Car Washes | 6 | $5.12M |
| Child Care Services | 6 | $4.00M |
| General Freight Trucking, Long-Distance, Truckload | 5 | $9.48M |
| Other Services (except Public Administration) | 5 | $3.21M |
| Plumbing, Heating, and Air-Conditioning Contractors | 5 | $1.85M |
Other lenders in these fields: SBA lenders for restaurants, SBA lenders for wholesale distributors, SBA lenders for manufacturers.
Program lists that name this lender
Membership, not lending volume
- Listed by SBA: List of Certified Development Companies as: SBA Certified Development Company (November 9, 2026). Listed by SBA as a Certified Development Company. States served: IL.
- Listed by SBA: Community Advantage Small Business Lending Companies (CA SBLCs) list as: SBA Community Advantage lender (May 1, 2024). Listed by SBA as a Community Advantage Small Business Lending Company. The list's own page says it is current as of May 1, 2024; the file itself was last changed on December 8, 2025. Status with SBA: Community Advantage SBLC (mission lender authorized for 7(a) loans of up to $350,000).
Being on a list says the lender is a member of that program on the date shown. It does not say how much it lends.
SBA: List of Certified Development Companies, SBA: Community Advantage Small Business Lending Companies (CA SBLCs) list,
Where it lends
Offices beside loans on record
| State | Offices | Multifamily 2025 | 1-4 investor 2025 | SBA 7(a) 36 mo. | SBA 504 36 mo. |
|---|---|---|---|---|---|
| Illinois HQ | 1 | 3 | 0 |
Peers
Same kind of lender, similar size and book
What we don't know
- Whether it is taking new loans today, or on what terms.
- Its balance sheet, capital or total lending. Non-banks file no call report, so this page shows only loans that appear in HMDA or SBA files.
- Whether it makes multifamily loans. No HMDA multifamily loans are on file under this name for 2024 or 2025.
- Whether it takes brokers. No figure here means no evidence, not a refusal.
Check this page
Against the regulator's own record
- Name and entity. SomerCor 504, Inc., Chicago, IL. A non-bank has no regulator certificate, so the name comes from the public files that carry it.
- Loans made. 304 recorded loans from SBA files, through September 30, 2026: 3 SBA 7(a) in 36 months, 301 SBA 504 as the CDC in 36 months. Each has its source and date.
- Phone and website. No phone number is on record. Website somercor.com, from the FDIC record. [How to reach them]
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For the record
Data as of HMDA 2025, SBA September 30, 2026. Page last changed November 12, 2026.
- The Lender Report ID
- lr_009546
- Recorded 4 SBA 7(a) approvals totaling $270K from October 1, 2023 to September 30, 2026, of which 1 was later cancelled (SBA).
- Served as Certified Development Company on 328 SBA 504 approvals with $363M in SBA debentures from October 1, 2023 to September 30, 2026 (SBA).
- Listed by SBA as a Certified Development Company. (SBA list, as of November 9, 2026).
- Listed by SBA as a Community Advantage Small Business Lending Company. The list's own page says it is current as of May 1, 2024; the file itself was last changed on December 8, 2025. (SBA list, as of May 1, 2024).
Cite this
Source: The Lender Report, SomerCor 504, Inc., https://lender.report/lender/somercor-504-il/, data as of December 31, 2025.
Sources
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Source and date appear beside each figure. Banks report balances, not loans made. Loans made come only from HMDA and SBA files. We do not audit filings and can make errors joining them. Report a problem