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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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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Celebrating Women in Small Business

Celebrating Women in Small Business October is National Women’s Small Business Month. We’re celebrating women-owned businesses everywhere, as well as the outstanding progress female entrepreneurs have made over the years! Did you know? -In 1972, women only owned 4.6% of all businesses in the United States. As of 2019, women owned 42% of all businesses -Women-owned businesses grew 21% from 2014 to 2019, and businesses owned by women of color grew at double that rate. Numbers for black women entrepreneurs grew the fastest, with an increase of 50%. In fact, as of 2019, women of color accounted for 50% of all women who owned businesses. -There are nearly 13 million… Read More

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Brooks Harbertson Named VP, Commercial Loan Officer for Mountain West

MWSBF Names Brooks Harbertson as Vice President, Commercial Loan Officer for Company’s Utah County Operation Article Highlights: Brooks Harbertson Mountain West Small Business Finance has named Brooks Harbertson as vice president, commercial loan officer at their Orem, Utah office. In his new capacity, Harbertson will support the Central Utah operation. Harbertson has worked in a number of different lending capacities for more than 15 years. Most recently he worked at Mountain West Bank and for Zions Bank. Brooks can be contacted via email at bharbertson@mwsbf.com. Read the full press release below. June 26, 2019, (Salt Lake City) – Mountain West Small Business Finance (MWSBF), Utah’s largest SBA lender, welcomes Brooks… Read More

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Randy Fischer Named VP, Commercial Loan Officer – Bridgerland for Mountain West

Randy Fischer Named Vice President, Commercial Loan Officer – Bridgerland for Mountain West Small Business Finance Article Highlights Mountain West Small Business Finance has named Randy Fischer as vice president, commercial loan officer – Bridgerland. Fischer will be responsible for the company’s loan production in Northern Utah and Wyoming. Fischer comes to Mountain West with a wealth of experience—more than 15 years in the banking industry. Vice president and loan officer Judd Blakesley, who was recently named MWSBF’s manager of marketing & government relations previously had oversight for the Bridgerland region. You can contact Randy via email at rfischer@mwsbf.com or phone at 435-938-8207 Read the full press release below. June… Read More

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