MEETING MINUTES – November 14th, 2019
Location: Lincoln, Nebraska – The Pizza Ranch -84th & Lexington | 11:30am-1:00pm
Present: 18 in attendance
Members: Kelly Jensen; Tim Kirkpatrick; RJ Lipert; Steve Maly; Jake Spotanski; Shelli Meyer; John Vigna; Ashley Sitorius; Brian Adam; Joanne Bartels; Fred Knight; Patty Gerlach; Ben Petersen; Sherri Recker; Kolleen Meyer-Krikac; Kyle Kudron
Guests: Scott Kunzman; Darcee Fricke
The October 2019 minutes were approved.
Please sign in and mark whether you are a guest or a member
New Members – email logo to Steve Maly for the website
Membership Chair Report
52 individuals 39 Paid member companies
11 new members in 2019
Please review and update the membership roster that was passed around.
Social Chair Update
Craft Axe Throwing and Code Beer – November 21st
Holiday Party – January 23rd 2020– Staybridge Suites 27th and Fletcher
Board Treasurer, Tim Kirkpatrick provide the group an update on the group’s finances. $1458.68 in Checking; $3000.00 in CDs
NLBA donated $490 + $100 debit card to Santa Cop
The board will present the 2020 board slate at the December meeting to be voted on at the January Meeting.
RJ Lipert, Alarm Link USA and General Fire and Safety
Jake Spotanski, Pinnacle Bank
Scott Kunzman – Pinnacle Bank – The Current Lending Climate
Running a business requires a team effort from banking to insurance to having an attorney and a CPA. If you are a new business, it’s a good idea to have really studied what you business plan is. A lender likes to see you’ve done a SWOT analysis, investigated consulting fees, projected revenues and expenses. They need a good picture of your ability to repay the loan. If you are an existing business, they will want to look at a history of the financials and any assets the business has. Depending on the size of the loan, it may be able to be approved in a day. Larger loans need to have multiple approvers that need to review. Scott spoke to current interest rates on both personal and business loans. Some interest rates are tied to the prime rate while others are tied to the stock market. A member asked if the bank is seeing any trends coming as there is talk of the economy slowing down. The group also asked a few questions about crypto-currency like Bitcoin and how that has had an effect on banking.
Next Association meeting: December 12th, 2019 at THE PIZZA RANCH – 84th & Lexington | 11:30am- 1:00pm
Next Board meeting: December 3rd, 2019; 11:30 – 1:00 PM – Staybridge Suites 27th and Fletcher
Meeting Adjourned. Respectfully submitted by Kyle Kudron NLBA Secretary email@example.com