• The July effective interest rate for a 20 year 504 loan is 4.76%, and the rate for a 10 year 504 loan is 4.50%
  • Clint Shiflet, Senior VP & Area Manager at Idaho Central Credit Union in Meridian, named the 2016 SBA 504 Lender of the Year. Congratulations and thank you, Clint!
  • IDAHO CENTRAL CREDIT UNION was named the 2016 SBA 504 Financial Institution of the Year. "Thank you", Idaho Central Credit Union for all you do to help businesses grow!
  • SBA 504 loans approved during FY2016 now how lower fees! The "up front" SBA Guarantee Fee has been reduced from 0.5% to zero. The ongoing SBA Guarantee Fee (paid annually) is reduced from 0.9375%, or 93.75 basis points per annum, to 0.914% or 91.4 basis points per annum of the outstanding balance of the loan. The total administrative costs lowered from 2.65% to 2.15%.

Capital Matrix | Board of Directors

Kathryn Lorenz, Chair

Zions Bank

Ed Bodily, Past Chair

Little Morris, LLP

Cory Phelps, Chair of Directors Loan Committee

Idaho Housing & Finance Association

Karyn McKinney, Chair of Finance Committee

Kleinsmith & Company PC

Mark Munroe, Chair of Audit Committee

U.S. Bank

John Stevens

Thornton Oliver Keller

Jason Royce

Idaho Central Credit Union

Bill Dempsey

Riche, Dempsey & Associates, CHTD.

Alex Westfall

Washington Trust Bank

Shannon Stoeger

Idaho Independent Bank

Brian Baughman

The Hartwell Corporation

Beth Ineck

City of Nampa

Justin Archuleta

Sunwest Bank

Kristin Dunn

Bjorkman Dunn PLLC

Andy Warren

Bank of the Cascades

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