SomerCor Hires Michael Piazza to Expand SBA 504 Lending Team
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CHICAGO, Jan. 16, 2025 ~ SomerCor, a leading non-profit Small Business Administration (SBA) 504 lender in the Midwest, has recently welcomed Michael Piazza as their new Senior Vice President and Loan Officer. With his extensive experience in commercial lending, Piazza will be based in Chicago and will play a crucial role in expanding SomerCor's loan origination efforts across Illinois, Wisconsin, and Indiana.

Piazza brings over 15 years of experience in commercial lending to his new role at SomerCor. He has a proven track record in SBA financing for owner-occupied real estate, equipment, and business acquisitions. Prior to joining SomerCor, Piazza served as a Senior Commercial Relationship Manager at JPMorgan Chase where he was recognized as a 3-time National Achiever, 6-time National Top Performer, and a top producer of SBA 504 loans in the Midwest market for seven consecutive years.

Manuel Flores, President and CEO of SomerCor, expressed his excitement about Piazza joining the team. "Michael's background in SBA and commercial lending, along with his strong network, make him an excellent addition to our team," said Flores. "At SomerCor, we are dedicated to providing exceptional service to our borrowers and lending partners. With Michael's expertise on board, we are confident that we can further strengthen our ability to connect businesses with the SBA 504 loan program to support their growth objectives and capital investments."

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Piazza also shared his enthusiasm about joining SomerCor. "I am thrilled to be a part of the SomerCor team," said Piazza. "The organization's reputation as a trusted SBA 504 lender and its commitment to driving economic growth were key factors in my decision. I am eager to use my expertise to help businesses scale and create meaningful economic impact in the communities we serve."

The SBA 504 loan program offers up to 90% financing for business owners looking to purchase, build, or refinance commercial real estate and fixed equipment. With competitive fixed interest rates for 10, 20, or 25 years, the program is designed to promote economic development and is a valuable tool for businesses seeking to expand and create jobs.

For more information on how the SBA 504 loan program can support your business growth, please contact SomerCor today.

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