SomerCor was awarded Accredited Lender Program (ALP) status by the U.S. Small Business Administration!
ALP is a prestigious designation granted by the SBA to high performing, non-profit SBA 504 certified development companies (CDC).
CDCs with ALP designation have increased authority in the processing, closing, and servicing of SBA 504 loans - resulting in an expedited lending experience for borrowers and lending partners. In addition, pending SBA final rules, SomerCor will be able to participate in the new SBA 504 Express Loan program.