SomerCor, one of Chicago’s leading Small Business Administration lenders and a top Certified Development Corporation nationally, announced the expansion of its executive team with the appointment of Scott Klug as senior vice president of business development. Klug will serve as an integral member of the senior management team and brings with him decades of sales leadership experience. His primary responsibilities will include expanding the firm’s market presence for the company’s 504 Loan program among financial institutions, small business owners and their advisors, including commercial real estate professionals.
Prior to joining SomerCor, Klug has most recently held the position of regional vice president, Central & Western U.S. and field sales for REIS, Inc, where he established the top revenue-producing region within the company. Klug also previously served as the chief sales and marketing officer for Rabine Group and spent nearly 15 years with CoStar Group as regional vice president of sales, Central and Southwest U.S. regions.
“SomerCor is excited to add Scott to our leadership team,” said Eric Spokas, president and executive director of SomerCor. “His experience in the commercial real estate industry will help us bring the benefits of SBA 504 Loans to more small business owners, giving them access to the capital they need to fuel business growth.”