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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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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Saffron Valley: Small Business Spotlight

Saffron Valley Special The newest addition in the Saffron Valley family is part restaurant, part market and part chai house. With small business financing from Mountain West, Saffron Valley was able to hire 12 more employees at their new Sugarhouse/Liberty Wells location in Salt Lake City. The new 5000 square foot location also includes a culinary school, making it a one stop shop for anyone who wants to explore Indian food. The tour de force behind Saffron Valley is Lavanya Mahate. Born and raised in Southern India, Mahate watched her mom, with some help from Kanthama (their kitchen help) cook for her large extended family, and her joy for all things… Read More

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Western Nut Company: MWSBF Borrower Spotlight

April 1966, Wellington McDonald and Helen Bean founded the Western Nut Company with a business model that called for acquiring the highest quality of raw nuts in the industry, and then roasting them to perfection. Ownership changed hands in 1983, and the company has remained family-owned ever since. Throughout Western Nut’s 50-plus year history, the hallmarks of quality and freshness remain tenants of the company’s success to this day. With an SBA504 Loan, Loren Mercer and his business partners —his brothers Lloyd Mercer and Lee Mercer—purchased the existing Western Nut factory store property after Loren had spent 10 years working as an executive for Western Nut. In addition to the factory… Read More

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Valley Market: MWSBF Borrower Spotlight

“Every decision that was made during this process was focused on our guest.” – Kip Wilkes, owner Valley Market in Thayne, Wyoming Kip Wilkes’ Valley Market used an SBA504 (small business loan) for an expansion and remodel of the store. Valley Market has been a staple in Thayne, Wyoming for more than 25 years. The remodel and expansion, nearly doubles the size of the store (from 18,000 sq feet to 33,000). The updated décor was chosen specifically to reflect the colors, textures and design elements found throughout Star Valley. Additionally, the remodel puts customers first with guest focused flourishes that run the gamut from larger aisles to more high quality… Read More

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Roolee: MWSBF Borrower Spotlight

Roolee Then & Now On the cusp of college graduation, Kylee Champlin founded Roolee in 2013 when she was given the chance to purchase her college employer’s small boutique and make it her own. Roolee is a women’s fashion retailer in Logan, Utah that also sells home décor and kids apparel. It’s style is best described as fashionably hip with a hint of vintage twist. With and SBA 504 loan, Roolee purchased a condo adjacent to their current retail space, making a larger photo loft and relocated their office space to accommodate the company’s growth. The expansion also allowed the company to open their children’s shop and clothing line “Roolee… Read More

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MTC Studio Designs: MWSBF Borrower Spotlight

Grandest Goals: Small Business Dreams “My grandest goal when I started MTC was to put my business in a situation to be able to buy our own facility,” explains Michael Trent Coates, owner of MTC Studio Designs. “It was a stretch goal that was achieved because Mountain West and Deseret First CU believed in me enough. The process was made as easy as possible through their teams help. Everyone I worked with there was great and always made me feel comfortable.” Through an SBA504 loan, MTC Studio Designs recently relocated to a new location in Woods Cross, Utah. They also received additional working capital to help with growth and overhead… Read More

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Stone Canyon Inn: Small Business Borrower Spotlight

Red Rock Magic and Magesty Anyone who’s traveled through southern Utah can speak firsthand to the majestic and magical red rock splendor of the area. Visitors travel from all over the world to see the stunning red cliffs and towers of orange sandstone juxtaposed with bright blue skies. Twenty years ago, Dixie and Mike Burbidge, came to Tropic from Northern Utah to start a bed and breakfast near Bryce Canyon. Today, the Stone Canyon Inn’s 80 acres bordering the east property line of Bryce Canyon offers beautiful accommodations and up-close and personal access to particular breathtaking views of the area. The Stone Canyon Inn has 15 rental units that include… Read More

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Tall Hat Foods: Borrower Spotlight

Tall Hat Foods partnered with Mountain West Small Business Finance on an SBA 504 loan to fund the company’s move into a 30,000 sq. ft. facility in Orem, Utah. The establishment has an enormous kitchen and additional warehouse space for receiving and shipping. Kent Andersen, a long-time chef, also has deep experience in food research, menu fulfillment, and proprietary food product development. He founded Tall Hat Foods to provide kitchen solutions for chefs by co-developing sauces, soups, and proprietary food products—master items that the chefs can then spin into their own signature dishes. The company started with four employees in October of 2018. Tall Hall Foods fulfills a vital need… Read More

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MWSBF Shares Love of Small Businesses by Launching Free Online Training

February 14, 2019, (Salt Lake City) – Mountain West Small Business Finance (MWSBF), Utah’s largest SBA lender, also operating throughout Wyoming and the mountain west, announces a new training about the SBA 504 program available online. The webinar is free and available at https://tinyurl.com/SBA504MWSBF. “We’re excited to share our expertise in the field of small business lending,” said John D. Evans, president Mountain West Small Business Finance. “For more than 30 years, we’ve been sharing this information with bankers and lending institutions across the mountain west – but our efforts have been primarily focused in Utah. This new online instruction—originally shared with lending institutions from Wyoming—is now available to anyone… Read More

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