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SomerCor Names New Chairman of the Board

SomerCor, a nonprofit, Certified Development Company (CDC) licensed by the Small Business Administration under the SBA 504 loan program, has appointed Margy Sweeney, founder & CEO of Akrete, as the new chairman of its board of directors. Thomas Huffman, EVP – Wintrust SBA Lending, will serve as vice chairman of Chicago-based SomerCor’s board. 

“I look forward to working with Margy and Tom to build upon SomerCor’s growth and service to small businesses and lending partners through the SBA 504 program and our other economic development initiatives,” said Manuel Flores, president and CEO of SomerCor.  

He added, “We also thank our Chairman Emeritus, Jon Winick, for his many years of service as Chairman. Over the last few years, SomerCor has achieved significant milestones including receiving SBA Accredited Lender Program (ALP) designation and Local Economic Area (LEA) authority to lend in Kenosha and Rock counties in Wisconsin.” 

Pictured: Margy Sweeney.


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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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