SomerCor Awarded Prestigious SBA Accredited Lender Program (

SomerCor Awarded Prestigious SBA Accredited Lender Program (ALP) Status


SomerCor Awarded Prestigious SBA Accredited Lender Program (ALP) Status
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CHICAGO, May 11, 2021 /PRNewswire/ -- SomerCor, a Chicago-based Certified Development Company (CDC), is proud to announce it was awarded Accredited Lender Program (ALP) status by the U.S. Small Business Administration (SBA). ALP is a prestigious designation granted by the SBA to high performing, non-profit SBA 504 lending companies.
To achieve ALP status, SomerCor underwent an extensive SBA qualification process that included the evaluation of staff expertise, as well as an assessment of performance metrics related to SomerCor's loan processing, portfolio growth and servicing, and compliance with SBA lending regulations.

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