Karen LennonKaren Lennon
became involved with Equip for Equality
initially as a member of the Enterprise Committee, which ultimately became a conduit to the Board as her
interest in the organization broadened.She is president of SomerCor 504, Inc., a nonprofit development company she founded in 1994, that provides mortgage financing for expanding businesses in the six-county Chicago area.
It has funded more than $150 million to some 350 businesses, making SomerCor
the largest Small Business Administrator Lender in Illinois and larger than 60 percent of the banks in this state.In 1999, the company was selected by the City of Chicago to be the administrator of its new TIF financing program for small businesses.Prior to forming her own company, Lennon was with the American National Bank, where her duties included the purchase of suburban banks and the creation of venture capital and investment management subsidiaries.She was also a consultant to Inland Steel and a staff attorney for the Illinois Housing Development AuthorityLennon is president of the Metropolitan Chicago Chapter of the National Association of Women Business Owners, which encompasses more than 500 members, with combined revenues in excess of $2 billion.Additionally, she serves on the Small Business Advisory Council of the Federal Reserve Bank of Chicago and is a director of the Chicagoland Chamber of Commerce.Her
role on the EFE Board is that of development chair.She holds a law degree from John Marshall Law School, an MBA from the University of Chicago, and an MS and BS in mathematics from the University of Illinois at Urbana.She
has taught math at the college, junior college and high school levels.Now living in the Printers Row area of Chicago, Lennon
grew up in Oklahoma.