SomerCor 504 approved 578 SBA loans worth $606.1M between October 2021 and June 2026, ranking #71 of 2,283 SBA lenders nationally by loan count. Its median loan was $590,500, and 19% went to startups or businesses under two years old. It lent in 8 states, most often in Illinois, and its most financed industry was restaurants and hotels.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Illinois | 555 | $577.1M | $585,000 | #4 |
| Wisconsin | 11 | $14.1M | $1,413,000 | #72 |
| Indiana | 6 | $6.9M | $1,011,500 | #90 |
| Missouri | 2 | $4.9M | $2,470,000 | #180 |
| Kentucky | 1 | $510K | $510,000 | #107 |
| Arizona | 1 | $598K | $598,000 | #183 |
| Massachusetts | 1 | $1.5M | $1,523,000 | #201 |
| Texas | 1 | $453K | $453,000 | #459 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Restaurants and hotels | 125 | $628,000 | |
| Manufacturing | 78 | $983,000 | |
| Health care and social assistance | 67 | $377,000 | |
| Other services (repair, personal care) | 65 | $375,000 | |
| Retail | 47 | $578,000 | |
| Transportation and warehousing | 29 | $1,153,000 | |
| Arts, entertainment and recreation | 29 | $1,007,000 | |
| Wholesale trade | 27 | $988,000 | |
| Professional and technical services | 27 | $320,000 | |
| Construction | 25 | $340,000 |