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Refinancing 7(a) into a 504: A Comprehensive Guide

Refinancing a 7(a) into a 504 can be a smart financial move for businesses seeking better terms or additional funding. In this blog post, we will explore the basics of refinancing, scenarios where it’s beneficial, SBA requirements, necessary documents, and best...

MWSBF Expands Statewide in Colorado

Mountain West Small Business Finance (MWSBF) is excited to announce that effective immediately, the Small Business Administration (SBA) has approved MWSBF as a statewide provider of 504 and Community Advantage loans in Colorado.  “For almost two decades, we...

504 Cap Increase Included in Proposed Funding Bill

A Message from our CEO Great news for small businesses and their lending partners! The National Association of Development Companies (NADCO) announced an increase to the 504 authorization cap has been included in the proposed funding bill for the remainder of fiscal...

Good News/Bad News: SBA 504 Loans are out of money for FY2021

The good news is the SBA 504 product has never been more successful. The bad news is, because of its success—for new purchase, construction and refinance with expansion, the program is estimated to run out of money in a couple of weeks for the remainder of...

A Letter from John D. Evans

May 6, 2021 To Our Valued Lending Partners, On behalf of Mountain West Small Business Finance, I would like to express our appreciation to you for helping us assist record numbers of small businesses through the SBA 504 Program. The table below illustrates the...

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...

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. ...