SomerCor Achieves Prestigious Recognition in Inc. Power Partner Awards for Two Consecutive Years

SomerCor: A Power Partner in B2B Services

In an impressive feat, SomerCor, a non-profit Certified Development Company (CDC) associated with the Small Business Administration (SBA), has earned recognition as a winner of the 2026 Inc. Power Partner Awards. This accolade places SomerCor among the elite B2B partners that have significantly contributed to the growth and success of businesses and entrepreneurs nationwide. Remarkably, this honor is not new to SomerCor; it marks the second consecutive year they have been distinguished with this national recognition.

These annual awards celebrate B2B firms that have consistently proven their ability to assist business owners in navigating the complexities of building and scaling their companies. By offering expertise in various areas such as hiring, compliance, technology, marketing, and fundraising, these partners enable businesses to not only operate efficiently but also expand their horizons and realize their entrepreneurial dreams.

Bonny Ghosh, the editorial director at Inc., emphasized the importance of these partners, stating, "Business owners have no shortage of tools at their disposal, and B2B companies need to make clear why their products and services are worth the investment. The companies on this year's Power Partners list have done just that."

In addition to this recognition, SomerCor has made significant strides during a landmark year. Their SBA 504 loan portfolio reached an impressive high, exceeding 950 active loans valued at more than $560 million, marking a significant growth in their operations. This growth is attributed to SomerCor's unwavering commitment to providing accessible and affordable financing for small businesses. This financing assists entrepreneurs in investing in real estate, acquiring essential equipment, creating jobs, and ultimately contributing to the vitality of their local economies.

Enhancing their services further, SomerCor introduced the Down Payment Assistance Program (DPAP) in collaboration with Cook County. This innovative initiative aims to empower small businesses seeking to transition from renting to owning commercial property. By offering financial assistance to eligible first-time commercial property buyers, DPAP helps reduce the upfront investment typically associated with purchasing owner-occupied real estate through the SBA 504 loan program. This initiative actively addresses the financial barriers many entrepreneurs face, enabling them to build equity and achieve long-term stability in their businesses.

Manuel Flores, President and CEO of SomerCor, expressed gratitude for the recognition, highlighting the trust that clients and partners place in SomerCor's mission. He stated, "Our work is about more than providing financing. It's about helping entrepreneurs realize their dreams of ownership, create jobs, and build lasting wealth for their families and communities."

As SomerCor continues to grow and evolve, it remains committed to its mission of fostering business development and creating jobs in Illinois and beyond. They serve regions in Illinois, as well as parts of Wisconsin and Indiana, showcasing their extensive reach and dedication to enhancing economic development in these areas.

For those interested in learning more about the Inc. Power Partner Awards and to see the full list of honorees, you can visit Inc’s official website.

In conclusion, SomerCor's recognition as a Power Partner is not just a testimony to their services but also a reflection of their continuous efforts to uplift the business community. Their focus on accessibility and support for small businesses is paving the way for future success and sustainable growth.