Loans Available for Business Impacted by COVID

Our lending partner, Utah Small Business Loan Fund (USBLF) has funds available for loans to small businesses affected by COVID-19. Loans can be requested for up to $250,000 and have 5-7 year terms and fixed rates. If you are interested in learning more or applying for one of these loans, please contact their loan administrator, Kimberly Holley via email at kholley@mwsbf.com or phone at 801-412-3771. You can also start the application process by visiting USBLF’s website: www.usblf.org

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Now Hiring: Credit Analyst/Loan Workout Specialist

MWSBF is looking for a full-time Credit Analyst/Loan Workout Specialist. Check out the job description below and if you are interested in applying, please send your resume to Zianibeth Shattuck-Owen at zshattuck-owen@mwsbf.com by close of business on Friday, September 11th. CREDIT ANALYST/LOAN WORKOUT SPECIALIST This posting is for a new position, which includes two elements: Credit Analyst and LoanWorkout Specialist for SBA 504 Loans. Credit Analyst: The successful candidate will be responsible for credit analysis on new loan applications,preparing the financial analysis portion of Credit Memos for loan officers, assessing borrowerregulatory eligibility Loan Workout Specialist: The successful candidate will be responsible for problem loan workouts and liquidations, whichincludes developing, recommending, and implementing… Read More

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Now Hiring: Part-Time Loan Assistant and Full-Time Loan Officer

MWSBF is looking to fill two open positions at our Salt Lake City office. We are looking for a part-time loan assistant and a full-time loan officer. Check out the job descriptions below and if you are interested in applying, please send your resume to Zianibeth Shattuck-Owen at zshattuck-owen@mwsbf.com by close of business on Friday, August 21st. LOAN ASSISTANT I Job Duties & Responsibilities: Helps package new loan applications Coordinates with Bank Officer to obtain check list items needed for the application file Runs reports on borrowers and entities making application; credit reports, risk scores, UCC filings, data share name checks, flood certifications and bankruptcy records Verifies receipt of deposit… Read More

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Update on April 1st SBA Loan Payments

SBA Will Be Making April 1st Loan Payments Great News! Mountain West has just been notified that the SBA will be making the April 1 payment for all SBA 504 loans.  This will be the first of six monthly payments made on behalf of the business.  These payments will not be pulled from your account starting tomorrow (April 1). We’ve included the correspondence from our trade organization (NADCO) at the bottom of the email if you’d like to read it in its entirety. Here’s what the announcement means to you: Funds for the April payment will not be pulled from your account tomorrow. Under the CARES Act, SBA will pay the full monthly payment owed… Read More

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SBA Warns of CARES Act Scams & Fraud: How to Detect Them and Protect Yourself

The Small Business Administration Office of Inspector General (SBA OIG) sent out a notice regarding numerous fraud, scam, and phishing messages targeting small business owners. Below is the letter they sent out which includes tips about recognizing, avoiding and reporting any fraud you might come across. Letter from the SBA Office of Inspector General The Office of Inspector General recognizes that we are facing unprecedented times and is alerting the public about potential fraud schemes related to economic stimulus programs offered by the U.S. Small Business Administration in response to the Novel Coronavirus Pandemic (COVID-19). The Coronavirus Aid, Relief, and Economic Security Act (CARES Act), the largest financial assistance bill to… Read More

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MWSBF Welcomes Dianne Flores as Our Newest Servicing Specialist

Dianne Flores Named Newest Servicing Specialist at Mountain West Small Business Finance Mountain West Small Business Finance has named Dianne Flores, servicing specialist. Flores will be responsible for automation and streamlining of Mountain West’s insurance process for their loan portfolio. She will be based in Spokane, Washington and telecommute – supporting the company’s entire loan portfolio. Read the full press release below. March 30, 2020 (Salt Lake City) – Mountain West Small Business Finance (MWSBF), Utah’s largest SBA lender, welcomes Dianne Flores as the company’s newest servicing specialist. Flores will telecommute from Spokane, Washington and will be responsible for the automation and streamlining of Mountain West’s insurance process for their… Read More

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A Message from MWSBF : COVID-19 Stimulus Bill for Small Businesses

We congratulate our nation’s congressional leaders on coming to an agreement and passing a $2 trillion emergency spending bill to combat the economic impact of coronavirus. As we understand it, the bill includes approximately $350 billion aimed at helping small businesses weather the economic storm.  Two pieces of particular importance regarding the legislation include: $17 Billion for SBA payment of borrower principal, interest, and fees for a 6-month period beginning with the next payment due, for 504, 7(a) including Community Advantage, and Microloan borrowers. This is not a deferment but is actual debt forgiveness for the borrower. These SBA payments will be enacted by SBA automatically, so borrowers do not need to contact Mountain West. $325 Billion for the Payroll… Read More

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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: Spencer Davis, 801-412-3769, sdavis@mwsbf.com Judd Blakesley, 801-412-3792, jblakesley@mwsbf.com Blake Beck, 801-655-4968, bbeck@mwsbf.com Jeff Vanchiere, 435-652-3761, jvanchiere@mwsbf.com Brooks Harbertson, 801-655-4989, bharbertson@mwsbf.com Tyler Healey, 435-787-4242, thealey@mwsbf.com 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… Read More

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Tyler Healey Named VP, Commercial Loan Officer for Mountain West Small Business Finance

Article Highlights Mountain West Small Business Finance has named Tyler Healey as vice president, commercial loan officer. Healey will be responsible for the company’s loan production in Northern Utah and Wyoming. You can contact Tyler via email at thealey@mwsbf.com or phone at 435-787-4242 Read the full press release below. January 3, 2020 (Salt Lake City) – Mountain West Small Business Finance (MWSBF), Utah’s largest SBA lender, welcomes Tyler Healey as vice president, commercial loan officer. Based in Mountain West’s office in Logan, Utah (95 west 100 South, Suite 386), Healey will be responsible for the company’s loan production in Northern Utah and Wyoming. “We continue to see positive growth and expansion in… Read More

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We’re Hiring

  MWSBF is looking to fill two positions in our Salt Lake City office.   Administrative/Payroll Assistant Performs a broad variety of administrative and clerical tasks including financial and human resource administration. Professional supports two managers and their direct reports. Qualifications: Associates degree in Business or equivalency. Good interpersonal and communication skills. Must be self-directed with analytical and problem-solving skills. Discretion is required. Full time position with benefits. Competitive wage. Click here for full job responsibilities and qualifications. To apply, send resume & cover letter to Zianibeth Shattuck-Owen at zshattuck-owen@mwsbf.com by Thursday, December 12   Loan Closing Assistant Provides support to Loan Closing Specialists to complete accurate closing packages in a… Read More

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