SomerCor proudly announces the re-launch of a collaboration with the National Association of Women Business Owners (NAWBO) – Chicago Chapter. It is one of the largest of NAWBO’s U.S. chapters. Since its foundation in 1978, it has been operating as the unified voice of all female entrepreneurs and representing businesses in all prominent industrial and retail sectors.
Capital access remains a crucial issue among women in entrepreneurship. According to NAWBO's public policy survey, nearly two-thirds of members rated access to capital as an exceedingly pressing issue. SomerCor is one standard platform to assist NAWBO Chicago members with their capital needs as a nonprofit, Small Business Administration (SBA) certified lender.
"Working with NAWBO Chicago enables expansion of SomerCor's footprint in a committed effort to be a resource for women small business owners. This spring, we are enthusiastic about hosting a new three-part education series to empower women entrepreneurs as they seek and plan how to use capital for their businesses in growth mode."
SomerCor President and CEO Manuel Flores
Also, NAWBO Chicago Executive Director Melissa Lagowski explains by saying, "Women-owned businesses generate $1.8 trillion in sales each year, and they employ over 10.1 million workers. When women have the resources, they need to grow their businesses. There is a tremendous ripple effect in the communities they serve. Therefore, connecting women business owners with the programs available through SomerCor will help more businesses grow and expand. Quite simply, everybody wins."