Ice Cream of the Crop

Long before “Buy Local” was a movement or trending on Twitter®, Casper’s Ice Cream was sourcing goods about local as one could get. In 1925, Casper Merrill took the milk and cream from the family’s dairy cows and created the “original” Ice Cream Nut Sundae on a Stick in a tengallon milk can and sold them at the local Independence Day celebration.

Flash forward 90 years and the universally-loved “FatBoy” Ice Cream Sandwich is a phenomenon—sold and enjoyed in all 50 States across the nation. And the practice of locally-sourced, first-rate ingredients remains key to the company’s success.

Paul Merrill, Casper’s Chief Executive Officer and grandson of the FatBoy founder, said the recipe for success entails “staying close to our roots and putting the consumer first.” For Casper’s this means holding close to the original recipes with quality ingredients, sourcing locally as much as possible, and keeping the novelties a true FatBoy size portion.

The success has naturally lead to growth, and when the company needed financing for a new building and equipment to support the national demand for its products, Merrill said Mountain West Small Business Finance provided just the solution he was looking for. “I had researched SBA loans, and Mountain West looked like an outfit that could team up with my local bank. They were just easy to work with,” Merrill said.

He also liked that the deal with the SBA helped to limit his and the bank’s risk. A project with a fixed rate for 20 years made much more sense than what the banks alone could offer.

The new 26,272-square-foot building adjacent to their current warehouse and production facility in Richmond, Utah added 20 more jobs in the rural community where Casper’s already employs 100 people. But that’s not the end of the tale. In a breaking scoop, Merrill says he’s already in talks with Mountain West about the next
phase of expansion.

Admiral Davis and Captain Evans

For Everything, There is a First Time

A recurring theme among Trekkies in later years, mostly as the later Original Series Movies came out, was – “How long can these old guys go?” At some point, Captain Kirk wasn’t able to run around, dive and roll on the ground, and intimidate the bad aliens of the universe. When that time came, Captain Kirk became Admiral Kirk.

And so it is at Mountain West. In January the Board of Directors approved making Scott Davis the Admiral and promoting John Evans to Captain.

Scott Davis, the founder of Mountain West, now has the title Chief Executive Officer, and John Evans is the President.

Employee Spotlight: Kim Harper

This week we caught up with Kim Harper, V.P., Servicing Department Manager over here at Mountain West. Kim’s been with Mountain west for over 20 years, and she was recently promoted to head up the Servicing Department, where Mountain West manages our vast loan portfolio. Kim’s been a key asset to Mountain West, and we appreciate the decades of experience that she brings to her new role.

Q: What’s your favorite restaurant?

Kim: I must admit, I love all foods unless it’s fish (or anything that swims, walks, crawls in or is grown in the sea!) I’d have to say I probably don’t have a favorite restaurant, but I love all Mexican food. A good Mexican restaurant would be my go to any day.

Q: What is something that you do for Mountain West that most people wouldn’t know about?

Kim: Mountain West has always been about giving back to the community. So they have graciously allowed me the time to serve on the Board of the Women’s Business Center, a division of the Salt Lake Chamber.

Q: What is your favorite memory from your time at Mountain West?

Kim: Mountain West has provided so many memories over the years that it really gets hard to pick just one. I’d have to say that my favorite memory is of the friends and co-workers I’ve had the opportunity to work with over the years.

 

Q: What would you say to your 10 year-old self if you could go back in time?

Kim: Listen to your parents! They really do know more than you do.

Q: What is the best book you’ve ever read? What made it so great?

Kim: I’d have to say my favorite book was The Book Thief. I can be, but most of the time I am not a very emotional person. I really loved that this book was not only a great read, but I also really enjoyed that it could evoke such a strong emotion out of me.

Q: What three songs have you been listening to the most lately? Why?

Kim: Hmmm, that’s a tough one! I just saw Les Miz again, and I guess you could say it’s been playing in my head the last week, over and over again. I love it because it has such a great message.

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

Kim: Probably the biggest thing that surprises people, and I would think it would be a dead giveaway, but I’m an introvert. I’ve always been on the shyer side. (I just pretend the rest of the time, fake it till you make it right??)

Welcome Mike Oliver

 

Mountain West Small Business Finance (MWSBF), Utah’s largest SBA 504 lender, is pleased to announce that Mike Oliver has joined MWSBF as an Underwriter and Business Development Officer.

“With extensive SBA and commercial lending experience, including nearly a decade as a CDC Business Development Officer, Mike brings a wealth of experience and a host of partnerships that will fit well within our business model and will help MWSBF achieve its long term goals,” explained John Evans (more…)

Hollie Boss: Unilateral Food Lover

For the last 12 years, Hollie Boss has been part of the Mountain West Servicing team, steadily mastering her craft. We touched base with Hollie to find out a bit more about what makes her such an exceptional person and servicing guru. (more…)

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…)