SomerCor Welcomes Michael Piazza to Strengthen Lending Services
SomerCor, a prominent non-profit lender known for its Small Business Administration (SBA) 504 lending across the Midwest, is excited about the strategic addition of Michael Piazza as Senior Vice President and Loan Officer. Piazza's appointment is anticipated to bolster SomerCor's loan origination efforts and extend its service areas significantly.
Michael Piazza's Experience and Vision
With an impressive career that spans over 15 years in commercial lending, Piazza has a proven track record in providing financing for owner-occupied properties, equipment, and business acquisitions. Prior to joining SomerCor, he excelled at JPMorgan Chase as a Senior Commercial Relationship Manager, earning distinguished accolades including recognition as a three-time National Achiever and a seven-year top producer of SBA 504 loans in the Midwest.
Commitment to Exceptional Service
“Michael’s extensive background in SBA and commercial lending makes him an exceptional addition to SomerCor,” remarked Manuel Flores, SomerCor President and CEO. “Our mission is to provide outstanding service to borrowers and lending partners, and Michael’s insights and experience will enhance our ability to connect more businesses with the SBA 504 loan program, thus supporting their growth and capital investments.”
Piazza's Enthusiasm for the Role
Expressing his excitement, Piazza stated, “Joining the SomerCor team is a thrilling opportunity. The organization’s strong reputation in the SBA lending arena and its commitment to fostering economic growth played a significant role in my decision. I look forward to utilizing my expertise to reach more clients and create meaningful economic impacts within our communities.”
The Benefits of the SBA 504 Loan Program
The SBA 504 loan program is designed to assist business owners in acquiring, constructing, or refinancing commercial properties and fixed equipment, with financing options that can cover up to 90 percent of the costs. It provides competitive fixed interest rates over terms of 10, 20, or even 25 years, making it an excellent resource for businesses aiming to expand and generate new jobs.
Contact SomerCor for More Information
Businesses interested in leveraging the SBA 504 loan program to fuel their growth can reach out to SomerCor for more insights and guidance. The organization is dedicated to helping businesses navigate the financing landscape and achieve their growth objectives.
About SomerCor
The mission of SomerCor is clear: to drive business growth, create jobs, and increase impactful investments in communities through the SBA 504 loan program as well as various financing and grant initiatives. SomerCor is a leader in the non-profit lending sector, being ranked among the top 15 Certified Development Companies (CDCs) nationwide. Since its inception, SomerCor has successfully deployed over $1.81 billion in SBA loans, assisting nearly 4,000 businesses and facilitating the creation of over 47,000 jobs.
Frequently Asked Questions
What is the primary role of Michael Piazza at SomerCor?
Michael Piazza has been appointed as the Senior Vice President and Loan Officer, focusing on enhancing loan origination efforts.
What is the SBA 504 loan program?
The SBA 504 loan program assists businesses in acquiring, building, or refinancing commercial properties with favorable financing options.
What makes SomerCor notable in the lending sector?
SomerCor is one of the largest non-profit SBA lenders in the Midwest and ranks consistently among the top CDCs in the country, demonstrating a strong commitment to economic growth.
How can businesses benefit from the SBA 504 loan program?
Businesses can obtain up to 90 percent financing to help with growth initiatives, which includes buying real estate, purchasing equipment, and funding expansions.
What is the mission of SomerCor?
The mission of SomerCor is to foster business growth, create jobs, and enhance investments within communities through effective lending programs like the SBA 504.
