Danny Mangum: Loan Officer, Father, Gossip Magazine Guru

This week we caught up with Danny Mangum, V.P., Loan Officer over here at Mountain West. Danny’s been with us for the last six years, and has been involved with loan origination that whole time.

Q: What are three words to describe what you do for Mountain West?

Danny: Loans, Loans & Comedy

Q: What’s your favorite restaurant?

Danny: Settebello

Q: What has been your favorite project/event at Mountain West? 

Danny: Casper’s Ice Cream (Fat Boy), it has been so cool to see a rural manufacturer grow to a point where we are now working on their 3rd and 4th loans. The amazing thing about Casper’s is that their success has in part lead to the success of Richmond, Utah and parts of Southern Idaho as they employ the locals and buy goods from local farmers to support their ice cream production.

Q: If you were to write a self-help book, what would the title be? 

Danny: Just Wing It a self – help guide to parenting and life.

Q: What would you like to be famous for? 

Danny: There is still a part of me that thinks that one day a Major league Baseball scout is going to randomly be walking by the rec softball fields and will see my talent and give me a shot at The Bigs.

Q: What was the last movie that you saw? 

Danny: Suicide Squad

Q: Tell us something that might surprise us about you.

Danny: I read celebrity gossip magazines when I travel.

3 Huge Benefits of the SBA 504 Refinance Loan

The SBA recently opened the floodgates to their popular refinance program. It’s only been out a few months, but we are already seeing HUGE interest from business owners. Use the infographic below to help you understand the program and all the major benefits.

If you’ve got questions, or have a refinance project you’d like to discuss, then give Judd, Danny, or Spencer a call at 801.474.3232.

Infographic showing three huge benefits of the SBA 504 Refinance Loan

Click Here to download the infographic

Don’t Tell Arby’s But We Have The Meats

img_0309Not everyone was invited to Mountain West’s “slumber party” on the Thursday night prior to the BYU-Utah showdown on Saturday. “Human Resource” concerns aside, there was not much sleeping that took place on the eve before the annual MWSBF tailgate. Loan Officers were joined by Manuel Bueno, Vice President Meadows Bank to do a significant amount of smoking – of meat, naturally. (more…)

CPAs Take Note!

BelushiCollege_CPA_0If you’re an accountant looking for one more way to be in good-graces with your clientele, it makes sense to look at SBA’s recently approved 504 Debt Refinance Program or “ReFi” as the kids are calling it.

The new refinance program allows participants to get a fixed interest rate on a 10 or a 20-year term, (more…)

504 Refinance is Back!

attachmentAs if the poppy (yet turbulent) musical styling’s of Slim Shady don’t get you excited, Mountain West Small Business Finance is excited to announce (more…)

Advantage SBA 504: Low Down Payment

$Danny Mangum, vice president and loan officer for Mountain West Small Business Finance (MWSBF) doesn’t usually have his four year old daughter en tote when he’s getting signatures for a loan. But this was not a usual day. (more…)

The 2016 Weekend Getaway

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From December 1st until August 31st, any loan done with us helps you qualify for our 2016 Weekend Getaway.  We will have more details about the getaway in the upcoming months but here’s what you need to know right now. (more…)

20(ish) Questions with Spencer Davis

UntitledMWSBF would like to welcome Spencer Davis as the newest Loan Officer to our Salt Lake Office. Spencer moved to our Salt Lake office from our St. George office in May.  As with all new Salt Lake employees, we asked Spencer to fill out a personality/biographical questionnaire to help us (and you) get to know him better. (more…)

SBA Upfront Fees drop 0.5%

Beginning October 1st, the SBA has lowered the upfront fees for 504 loans, saving borrowers money. For example, before the reduction a 504 loan with a total project cost of $1,000,000 would pay $17,000 in fees.  Now, that is reduced to $15,000 making it a great time to get a 504 loan. (more…)

504 – 7A Loan Comparison

imagesIf you’re looking for a small business loan to purchase commercial real estate or heavy machinery/equipment, the SBA 504 loan is the best choice.  If purchasing a business or getting working capital is the goal, the SBA 7A loan is likely the better tool. (more…)