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A Letter from MWSBF President: COVID-19 & SBA Disaster Relief

During this time of COVID-19, social distancing and earthquakes, MWSBF is committed to providing the same level of care and customer service as we always have. We are limiting our in person interactions but remain fully accessible via phone, email or if needed, video conferencing. If you have any questions, please reach out to any of our loan officers via phone or email:

Anyone with concerns about their small business during the COVID-19 pandemic can be directed to the SBA for Disaster Relief Loans. Beginning today, the SBA is offering low-interest federal disaster loans to Utah small businesses suffering economically as a result of COVID-19. These loans will help business owners cover expenses such as payroll, accounts payable, and paying fixed debts.

Small businesses may qualify for loans of up to $2 million to help meet financial obligations and operating expenses. The interest rate will range from 2.75% for non-profits and 3.75% for small businesses.
Businesses wishing to apply, may do so online by visiting https://disasterloanassistance.sba.gov/ela/s/. The SBA can also be reached via phone at (800) 659-2955 or via email at disastercustomerservice@sba.gov. Click here to download a handy flyer from the SBA with the necessary information and steps for applying for a disaster relief loan.

If you or any of your clients have current 504 loans with MWSBF and need assistance during this time, please have them reach out to either Kim Harper (801-412-3773 or kharper@mwsbf.com) or Hollie Boss (801-412-3791 or hboss@mwsbf.com).

You can also contact any other members of our staff by phone or email. You can find all of our contact info on the Staff section of our website here.

MWSBF greatly values our relationship with you and we hope to continue that relationship into the future.

Sincerely,
John D. Evans, MWSBF President

 

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