A Coleman Conversation: Manny Flores
April 15, 2026
Bob Coleman
Founder & Publisher
A Coleman Conversation: Manny Flores
In this week’s episode of A Coleman Conversation, Bob Coleman sits down with Manny Flores, President and CEO of SomerCor, to discuss the organization’s mission of expanding access to capital for small businesses across Illinois, Northwest Indiana, and parts of Wisconsin. Manny shares how SomerCor serves as both a Certified Development Company (CDC) and a broader economic development driver, helping entrepreneurs use SBA 504 financing, Community Advantage loans, and grant programs to grow their businesses and strengthen their communities. He also reflects on his own career journey—from serving in the Chicago City Council to becoming Illinois Banking Commissioner and ultimately leading SomerCor—and explains how those experiences shaped his commitment to supporting entrepreneurs on Main Street. Throughout the conversation, Manny highlights the power of ownership, the long-term value of SBA 504 lending, and the importance of collaboration among lenders, local governments, chambers, and community partners.
Topics Covered:
✓ SomerCor’s role as a CDC and how it drives regional economic development beyond traditional lending ✓ How SBA 504 loans enable entrepreneurs to acquire real estate, build equity, and create long-term financial stability
✓ Manny’s unique career journey from public service in Chicago to financial regulation and ultimately leading a mission-driven lending organization
✓ SomerCor’s transition to a 501(c)(3) and how it enhances partnerships, funding opportunities, and economic development impact
✓ Details of the Cook County down payment assistance program and how it supports first-time business property owners
✓ Illinois’ economic strengths and how regional investment, innovation, and infrastructure support small business growth