• On April 4, 2018 SBA has made available a 504 loan with a maturity of 25 years! This is in addition to the 10 & 20 year 504 loan. Term of Third Party loan accompanying a 25 year 504 loan must be at least 10 years, the prepayment penalty will remain at 10 years (declining), & the int. rate will be approx. 35 bps higher than the rate of the 20 year 504 loan. Any 504 project approved prior to April 2, 2018 may not be extended to 25 years.
  • The May effective interest rate for a 20 year 504 loan is 5.22%, and the rate for a 10 year 504 loan is 5.29%
  • Clint Shiflet, Senior VP & Area Manager at Idaho Central Credit Union in Meridian, named the 2017 SBA 504 Lender of the Year. Congratulations and thank you, Clint!
  • IDAHO CENTRAL CREDIT UNION was named the 2017 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 FY2018 (10-01-2017 through 09-30-2018) "up front" SBA Guarantee Fee will continue to be zero. The annual service fee is reduced to 0.642% (64.2 basis points) of the outstanding balance of the loan.
  • SBA 504 Debt Refinance loans approved during FY2018 (10-01-2017 through 09-30-2018) "up front" SBA Guaranty Fee will continue to be zero. The annual service fee is reduced to 0.642% plus 0.04%, for a total of .682% (64.2 basis points plus 4 basis points) of the outstanding balance of the loan.
    

Capital Matrix | Growing Communities

Capital Matrix recently awarded a grant in the amount of $150,000 to Missoula-based Montana & Idaho Community Development Corp (MICDC). The lending funds are dedicated to loans for nearly bankable Idaho businesses. Capital Matrix is excited to partner with MICDC to help increase the flow of capital to small business owners in Idaho, which plays an important part in creating vibrant economies.

MICDC, established in 1986, started lending in Idaho in late 2015. Idaho now makes up 52 percent of MICDC loan volume, and that's expected to increase each year.

Since 2015, MICDC has lent to numerous Idaho businesses, including high-profile tenants, Richard's Restaurant, Zeppole Baking Co., and Telaya Wine Co. The Idaho loans totaled $5.1 million in 2016. The new loan fund will expand MICDC's ability to lend to even more small businesses.

MICDC loans are designed for small business owners to purchase real estate, equipment, or inventory; to acquire and existing business; or for start-up costs, remodeling or working 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2013 Capital Matrix - Web design by IntegriNet Solutions