Lenders › Capital Matrix, Inc.
504 CDCBoise, Idahocertified development company24th of 182 by approvals
Capital Matrix, Inc.
SBA 504 loan approvals by fiscal year, where they went, how large they were, and how loans from earlier years turned out.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
Capital Matrix, Inc., based in Boise, Idaho, is a certified development company (CDC) that makes SBA 504 loans. SBA approved 370 of its 504 loans worth $291M in FY2021 to FY2025, which places it 24th of 182 active CDCs by number of approvals.
In FY2025, the latest complete fiscal year, it had 78 approvals totalling $65.0M, up 44% on FY2024 (54). FY2026 to 30 Jun 2026 adds 64 more.
The median approval was $520K, against $657K for the 504 program as a whole; 5.9% of its approvals were for $150,000 or less (program: 4.6%).
Its loans went to businesses in 5 states and territories and 52 counties, led by Idaho (68.1%), Montana (23.5%) and Washington (4.1%). The largest industry group was health care and social assistance at 19.5% of approvals, and 6.5% of approvals were to franchise businesses.
Of 558 disbursed loans approved in FY2010 to FY2021, SBA records 3 as charged off (0.5%), 258 as paid in full and 297 still outstanding; the 504 program figure for the same approval years is 1.2%, so the rate here is close to it.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Loans appear under the lender they are assigned to today, so a lender's figures include loans it took over. Data through 30 Jun 2026.
Approvals by fiscal year
| Fiscal year | Approvals | Dollars approved | Median approval | Average approval | Jobs supported, as reported |
|---|---|---|---|---|---|
| FY2026* | 64 | $64.3M | $669K | $1.0M | 395 |
| FY2025 | 78 | $65.0M | $544K | $834K | 817 |
| FY2024 | 54 | $52.0M | $646K | $964K | 610 |
| FY2023 | 51 | $44.1M | $589K | $866K | 422 |
| FY2022 | 81 | $70.9M | $602K | $875K | 886 |
| FY2021 | 106 | $58.9M | $429K | $556K | 970 |
| FY2020 | 84 | $52.6M | $428K | $626K | 563 |
| FY2019 | 45 | $16.3M | $225K | $362K | 239 |
| FY2018 | 67 | $34.0M | $301K | $508K | 587 |
| FY2017 | 55 | $32.2M | $351K | $585K | 350 |
| FY2016 | 34 | $20.7M | $261K | $610K | 213 |
Approvals are counted in the year SBA approved them and include approvals later cancelled. In the five fiscal years before the current window (FY2016–FY2020) the lender had 285 approvals. First approval on file: FY2010.
How earlier loans turned out
Only loans approved at least five fiscal years ago (FY2010–FY2021) are counted, because newer loans have had little time to be paid in full or charged off. "Charged off" is SBA's status for a loan on which it has written off the remaining balance.
| Loans approved FY2010–FY2021 | This lender | Idaho | 504 program |
|---|---|---|---|
| Approvals in these years | 615 | 1,171 | 85,591 |
| Cancelled or never disbursed | 57 | 117 | 12,514 |
| Disbursed loans | 558 | 1,054 | 73,077 |
| Paid in full | 258 | 512 | 35,491 |
| Charged off | 3 | 5 | 905 |
| Still outstanding (status exempt from disclosure) | 297 | 537 | 36,681 |
| Charged off, share of disbursed loans | 0.5% | 0.5% | 1.2% |
| Dollars charged off, share of disbursed dollars | 0.1% | 0.6% | 0.9% |
| Dollars charged off | $272K | $3.2M | $499M |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 504 program, same year |
|---|---|---|---|---|---|
| FY2021 | 94 | 16 | 0 | 0.0% | 0.1% |
| FY2020 | 74 | 12 | 0 | 0.0% | 0.1% |
| FY2019 | 44 | 18 | 0 | 0.0% | 0.3% |
| FY2018 | 61 | 20 | 0 | 0.0% | 0.4% |
| FY2017 | 52 | 28 | 1 | 1.9% | 0.8% |
| FY2016 | 31 | 15 | 0 | 0.0% | 1.0% |
| FY2015 | 33 | 21 | 0 | 0.0% | 1.2% |
| FY2014 | 24 | 17 | 1 | — | 1.3% |
| FY2013 | 34 | 29 | 0 | 0.0% | 1.4% |
| FY2012 | 49 | 31 | 0 | 0.0% | 2.0% |
| FY2011 | 24 | 19 | 0 | — | 2.1% |
| FY2010 | 38 | 32 | 1 | 2.6% | 3.4% |
A share is shown only where at least 30 loans from that year were disbursed.
Against the 504 program
| FY2021–FY2025 | This lender | 504 program |
|---|---|---|
| Median approval | $520K | $657K |
| Average approval | $787K | $1.0M |
| Approvals of $150,000 or less | 5.9% | 4.6% |
| Approvals to startups and businesses 2 years old or less | 13.5% | 14.4% |
| Approvals to franchise businesses | 6.5% | 9.0% |
| Jobs supported per approval, as reported | 10.0 | 10.1 |
| Charged off, loans approved FY2010–FY2021 | 0.5% | 1.2% |
States served
| # | State of the business (5 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Idaho | 252 | $194M | 68.1% | |
| 2 | Montana | 87 | $60.5M | 23.5% | |
| 3 | Washington | 15 | $16.6M | 4.1% | |
| 4 | Utah | 13 | $18.7M | 3.5% | |
| 5 | Oregon | 3 | $1.3M | 0.8% |
In Idaho the lender accounts for 47.9% of all 504 approvals in FY2021–FY2025.
Counties served
| # | County of the business (52 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Ada County, ID | 137 | $103M | 37.0% | |
| 2 | Canyon County, ID | 45 | $37.9M | 12.2% | |
| 3 | Gallatin County, MT | 27 | $19.1M | 7.3% | |
| 4 | Missoula County, MT | 21 | $13.4M | 5.7% | |
| 5 | Kootenai County, ID | 16 | $12.3M | 4.3% | |
| 6 | Flathead County, MT | 15 | $6.5M | 4.1% | |
| 7 | Yellowstone County, MT | 11 | $11.6M | 3.0% | |
| 8 | Spokane County, WA | 8 | $6.2M | 2.2% | |
| 9 | Bannock County, ID | 6 | $6.1M | 1.6% | |
| 10 | Bonneville County, ID | 6 | $4.3M | 1.6% | |
| 11 | Blaine County, ID | 6 | $2.5M | 1.6% | |
| 12 | Bonner County, ID | 5 | $1.7M | 1.4% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Health Care and Social Assistance | 72 | 19.5% | |
| 2 | Accommodation and Food Services | 50 | 13.5% | |
| 3 | Construction | 43 | 11.6% | |
| 4 | Retail Trade | 42 | 11.4% | |
| 5 | Professional, Scientific, and Technical Services | 38 | 10.3% | |
| 6 | Other Services (except Public Administration) | 35 | 9.5% | |
| 7 | Manufacturing | 22 | 5.9% | |
| 8 | Real Estate and Rental and Leasing | 18 | 4.9% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 28 | 7.6% | |
| 2 | Offices of Other Health PractitionersNAICS 6213 | 25 | 6.8% | |
| 3 | Offices of DentistsNAICS 6212 | 14 | 3.8% | |
| 4 | Automotive Repair and MaintenanceNAICS 8111 | 13 | 3.5% | |
| 5 | Traveler AccommodationNAICS 7211 | 11 | 3.0% | |
| 6 | Architectural, Engineering, and Related ServicesNAICS 5413 | 11 | 3.0% | |
| 7 | Offices of PhysiciansNAICS 6211 | 11 | 3.0% | |
| 8 | Other Personal ServicesNAICS 8129 | 11 | 3.0% | |
| 9 | Legal ServicesNAICS 5411 | 11 | 3.0% | |
| 10 | Other Specialty Trade ContractorsNAICS 2389 | 10 | 2.7% |
Approval sizes
- $50,001 to $150,0005.9%22
- $150,001 to $350,00026.5%98
- $350,001 to $1 million45.7%169
- $1 million to $2 million14.1%52
- Over $2 million7.8%29
Loan terms
- Over 5 to 10 years1.4%5
- Over 10 to 20 years7.0%26
- Over 20 years91.6%339
Age of the businesses
- Existing, more than 2 years old84.3%312
- New business, 2 years or less2.4%9
- Startup, loan funds will open the business11.1%41
- Change of ownership2.2%8
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Accredited Lenders Program | 277 | 74.9% | |
| 2 | ALP Express | 57 | 15.4% | |
| 3 | 504 Basic | 21 | 5.7% | |
| 4 | 504 Refinancing Program | 15 | 4.1% |
Franchise share
24 of 370 approvals in FY2021–FY2025 (6.5%) carried an SBA franchise code; across the 504 program the share is 9.0%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Dairy Queen of S.W. PA, Inc. | 2 | 0.5% | |
| 2 | Vision Source | 2 | 0.5% | |
| 3 | Dutch Bros. | 2 | 0.5% | |
| 4 | Holiday Inn Express | 1 | 0.3% | |
| 5 | La Quinta by Wyndham | 1 | 0.3% | |
| 6 | Super 8 by Wyndhan | 1 | 0.3% | |
| 7 | Ramada | 1 | 0.3% | |
| 8 | Ace Hardware | 1 | 0.3% |
Third-party lenders in its 504 projects
A 504 project pairs the CDC's loan with a larger loan from a bank or other lender. Banks and credit unions named on five or more of this CDC's projects in FY2021–FY2025:
| # | Third-party lender | Projects | Share | |
|---|---|---|---|---|
| 1 | Glacier Bank | 62 | 16.8% | |
| 2 | First Interstate Bank | 41 | 11.1% | |
| 3 | D. L. Evans Bank | 36 | 9.7% | |
| 4 | Idaho First Bank | 16 | 4.3% | |
| 5 | Columbia Bank | 14 | 3.8% | |
| 6 | Washington Trust Bank | 12 | 3.2% | |
| 7 | The Bank of Commerce | 8 | 2.2% | |
| 8 | Stockman Bank of Montana | 8 | 2.2% | |
| 9 | Potlatch No. 1 Financial Credit Union | 7 | 1.9% | |
| 10 | First Federal Savings Bank | 7 | 1.9% |
Questions and answers
How many SBA loans does Capital Matrix, Inc. make?
SBA approved 78 504 loans through Capital Matrix, Inc. in FY2025, worth $65.0M, and 370 over FY2021 to FY2025. That ranks 24th of 182 active CDCs by number of approvals.
How large are Capital Matrix, Inc.'s typical SBA loans?
The median 504 approval in FY2021 to FY2025 was $520K and the average $787K. The program-wide median was $657K.
What is Capital Matrix, Inc.'s charge-off rate?
Of 558 disbursed loans approved in FY2010 to FY2021, SBA records 3 as charged off (0.5%), 258 as paid in full and 297 still outstanding; the 504 program figure for the same approval years is 1.2%, so the rate here is close to it. Loans are listed under the lender that holds them today, so the figure includes loans taken over from other lenders. Status is as recorded by SBA on 30 Jun 2026.
Which industries does Capital Matrix, Inc. lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (28); offices of other health practitioners (25); offices of dentists (14); automotive repair and maintenance (13).
Where does Capital Matrix, Inc. make SBA loans?
In 5 states and territories. Idaho 252, Montana 87, Washington 15, Utah 13, Oregon 3. In Idaho it accounts for 47.9% of all 504 approvals.
Is Capital Matrix, Inc.'s SBA lending rising?
Approvals in the three latest complete fiscal years total 183, against 271 in the three before: falling (-32%).
Where does this data come from?
From the Small Business Administration's 7(a) and 504 FOIA loan files, as of 30 Jun 2026. Borrower names and addresses in those files are discarded when the files are read and appear nowhere on this site.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error