September 2015 - Capital Matrix

September 2015
Profile of an SBA 504 Borrower - QBSolutions, Inc.
QBSolutions, Inc. was established in 2008 and is equally owned by Toni Himmelman and Joy
Luedtke. The company provides good, reliable, and trustworthy bookkeeping and payroll services
and offers a wide range of services to meet business and personal needs. QBS has experienced
significant growth in recent years and was bursting at the seams at its old location on Americana
Blvd. in Boise. Toni and Joy were referred to Deneen May at Zions Bank by their real estate agent
for assistance in securing financing for a larger building. Deneen thought that a 504 loan through the
U.S. Small Business Administration would be a great fit. Hence, in June 2015 Deneen and Zions
Bank partnered with Capital Matrix to assist Toni and Joy with the financing to purchase an existing
building located at 1333 W. Jefferson St. in Boise, Idaho. Relocation to a larger building will allow
space to hire additional staff to support the growth of the company.
Deneen stated “Working with Toni Himmelman and Joy Luedtke of QBSolutions was pure joy. I
have a long-term working relationship with Ann Munroe, and always welcome the opportunity to
work with her and Capital Matrix on SBA real estate loans. In Idaho, small businesses play a fundamental role by helping to build the economy and create jobs, and the momentum of companies like
QBSolutions is exciting. We’re proud to be part of the economic solution by offering support and
expertise to entrepreneurs.” Joy and Toni affirmed “It has been such a pleasure to work with Capital
Matrix, who guided us through the process and made the steps easy to understand. We were honestly
amazed at how quickly our loan was processed and in motion. It has been an excellent experience
and we are thankful to be in our new space!”
1333 W. Jefferson St., Boise
qbsboise.com
SBA 504 Lender of the Year and Bank of the Year Announced
The 16th annual Capital Matrix Lender Appreciation Golf tournament was held on September 10, 2015. As in past years, following the
tournament, Capital Matrix announced that Zions Bank was the 2015
SBA 504 Bank of the Year. This award is based on the number of
SBA 504 loans approved through Capital Matrix and the SBA for the
period September 1, 2014 through September 1, 2015. Zions Bank
had seven approved SBA 504 loans.
Though the contest was close this year, Deneen May of Zions
Bank won the title of SBA 504 Lender of the Year with four loan
approvals. Toby Gozart of Idaho Central Credit Union was close
behind Deneen with three loan approvals. We really appreciate all of
our lending partners we had a chance to work with this year and look
forward to working with all of you in 2016!
Treasure Valley RMA had a total of seven sponsors at this years
event. A special thank you to the following sponsors: Pioneer Title
Co., Idaho Housing & Finance Association, Mountain West Bank,
Montana CDC, Givens Pursley LLP, Marble Bridge Funding Group,
Inc., and Guidepoint Management, LLC.
Zions Bank lenders / golfers were awarded by
Capital Matrix as the 2015 SBA 504 Bank of the Year
Pictured above; Stuart Hartley, Chuck Taylor, Kelly Robertson,
Willie Koosmann
Capital Matrix and RMA appreciate your continued support!
20 Year Interest Rates Have Flat Lined at 4.90%
The debenture sale yielded an effective
interest rate on 20 year 504 loans of 4.90%.
September’s rate still remains low and flat
lined with August rate of 4.90%.
10 year debentures were sold in September
with an effective rate of 4.23%. This rate
dropped 9 basis points from the previous sale
(July 2015).
20 Year Interest Rates - One Year Period
6.5%
5.5%
5.0%
4.5%
4.0%
Sep-15
Aug-15
Jul-15
Jun-15
May-15
Apr-15
Mar-15
Feb-15
Jan-15
Dec-14
Nov-14
Oct-14
3.5%
Sep-14
Interet Rate (%)
6.0%
SEPTEMBER Interest Rates
4.90% 20 year loan
4.23% 10 year loan
EXTENSIONS
Boise: (208) 383-3473
Fax: (208) 383-9404
www.capitalmatrix.org
1161 W. River St., Ste. #220, Boise, ID 83702
SBA504@capitalmatrix.org
General Inquiries 0
Deborah Brown
12
Paulette Hudson 11
Ann Munroe
15
Rebecca Martens 14
Silvia Morrow
17
Joy Jara
18