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
Continue ReadingSr. Vice President Mike Vanchiere Appointed to Lindon City Council
This year, senior vice president and loan officer Mike Vanchiere will celebrate 30 years of service with Mountain West Small Business Finance. Since 1980, MWSBF has funded more than 70 loans in Lindon for a total project cost of $73,789,934, (with Mountain West’s portion being $32,085,000) and have created 1085 jobs. Mike has been key in job creation and MWSBF’s success, as the company’s president John D. Evans explains: “With nearly thirty-years of lending experience at Mountain West, and even more time spent in the field before joining our company, Mike Vanchiere has played an integral role building and expanding our Utah County operations: helping hundreds of businesses succeed. Additionally,… Read More
Continue ReadingAn Attitude of Gratitude
“We were given the challenge to create something beyond a turkey or cornucopia this year,” Lindsay Boulter, head Marketing assistant at Mountain West Small Business Finance said. “The reality is, every day at this office, more than 40 employees come together with a single focus – to help small businesses succeed. Their success is our success, and we wanted to show our gratitude for them.” And that’s where the idea for the logo with all the borrower’s names came from. Boutler continued, “We wanted a representation of what has made Mountain West successful this year, and what we’re grateful for—it seemed like the perfect fit.” Mountain West’s President John… Read More
Continue ReadingHappy 40th ‘Bee Day’ Discovery Gateway
The walls and shelves of Mountain West’s chief administrative officer Steve Suite are filled with art, photos and memorabilia. But perhaps the pièce de résistance is the collection of photos capturing moments of pure delight highlighting his family–and especially his grandchildren–over the years at Discovery Gateway Children’s Museum. While Suite has long served as a board member for the museum, the framed collage was gifted to him in honor of his time spent as DG’s chairman of the board (from 2009 – 2011). “I started on the board around the time our first grandchild was born,” Suite said. “Our family has grown up at Discovery Gateway.” Decor from the 40th Bee Day Bash… Read More
Continue ReadingHappy “National Ice Cream Sandwich Day!”
Earlier this week, 2018 Utah Small Business Person of the Year Paul Merrill, CEO of Casper’s Ice Cream joined MWSBF vice president Danny Mangum at Channel 4, to talk about his company’s expansion–made possible through loans with Mountain West–and of course, the beloved Fat Boy Ice Cream Sandwich (amongst other frozen novelties and treats). So celebrate today with a cold one (frozen treat, that is)! And then sit back, relax and enjoy the interview with ABC’s News4Utah below: https://www.good4utah.com/news/4pm-sponsored/the-original-fat-boy-ice-cream-sandwich-will-be-around-for-years-to-come/1336775117
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Don’t Read This Post if You’re a Banker
Are you a banker who helps small business realize their dreams? If the answer is “yes,” then we say “Thank you! Great Job! Keep up the incredible work!” And also, no need to keep reading this article— this blogpost is not for you. Because if you’re a banker who helps small businesses succeed, then chances are, you’re well aware of an SBA 504 program, and the other programs Mountain West Small Business Finance has available. In fact, you’ve probably partnered with us at one time or another. So again we say, this article is not for you. But if you’re not a banker, and are perhaps instead the owner of… Read More
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MWSBF Doth Supporteth Rural Economic Development
[vc_row][vc_column][vc_column_text]While there are many methods that promote economic development besides lending, Mountain West has elected to work with partners on entrepreneurial projects including entrepreneurial education, aiding and sponsoring rural development leadership conferences, and assisting larger economic development activities that help to grow and maintain small businesses especially rural small business.
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Project Spotlight: Any Hour Services
Mountain West recently helped Any Hour Services finance some new commercial buildings. With the extra space, Any Hour can now meet the bursting demand for new solar projects in the Wasatch Front, adding even more services to their already impressive offerings. With this project, Mountain West and Any Hour Services have worked together seven times to secure SBA funding.
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