April 19, 2023, (Salt Lake City) – Mountain West Small Business Finance, a national leader in SBA 504 funding, announces their loan portfolio under management has surpassed one billion dollars, showcasing the company’s vital role in helping small businesses all over the region succeed.
“Our achievement of exceeding one billion dollars in our loan portfolio is a testament not only to the resilience and dedication of the small business community we serve,” said John Evans, president and CEO of Mountain West Small Business Finance, “but to a host of stakeholders at every level. From the company’s founders, employees past and present, to the bankers and lending partners that helped put 504 on the map, we are immensely proud to have played an important role in the success and growth of so many businesses across the West.”
Mountain West Small Business Finance has been a cornerstone of the small business community for nearly 45 years. As one of the nation’s top 10 administrators of the SBA’s 504 Development Company Loan Program, the organization and its lending partners have played a pivotal role in providing access to capital for small businesses looking to expand, purchase real estate, or acquire fixed assets.
Over the company’s 45-year history, Mountain West has helped fund more than 5,700 loans for businesses across Utah, Wyoming, Idaho, Colorado, and surrounding states.
Their team of experienced economic development finance professionals has helped thousands of small businesses finance more than $2.9 billion in SBA 504 loan proceeds equating to more than $6 billion in total projects.
“We talk a lot about numbers in finance,” said Danny Mangum, MWSBF’s chief operating officer and executive vice president. “And a billion is a huge number. But ultimately, it’s about people that make this possible: the understanding that our work is about helping people fulfill their dreams of growing their small businesses. It’s about our team – employees past and present – that can see the story behind the balance sheet and take a holistic approach to credit. It’s about our lending partners who put the client’s best interest at the forefront of their work.”
Evans said Mountain West has been providing a superior client experience for decades. “And as we celebrate this achievement, we remain steadfast in our commitment to providing accessible financing solutions and personalized support to small businesses in our lending footprint and ensuring they have the resources they need to thrive and succeed.”