This is Derek Miller Speaking on Business. Small businesses are always in need of affordable financing to fund growth. John Evans of Mountain West Small Business Finance is here to discuss the impact of their SBA lending programs on small businesses in Utah.
JOHN EVANS
At Mountain West Small Business Finance, we empower small business owners to grow and succeed through our lending programs.
We provide SBA 504 loans to help businesses acquire the real estate and equipment necessary to facilitate growth. This unique loan in conjunction with a partner commercial lender, provides (up to) a 25-year, fixed below market interest rate and (in most cases) a 10% down payment.
The 504 loan program enables businesses to retain cash in the business and have low monthly payments, enhances small business growth and success through very favorable financing terms, and encourages commercial lenders to make term loans that would not otherwise be made.
We also provide working capital loans to enable businesses to fund their growth. Too often, small businesses who can repay are unable to get loans from conventional lenders, because they do not have adequate collateral. With our working capital loans, qualified borrowers are not declined due to a lack of collateral.
DEREK MILLER
Mountain West Small Business Finance is empowering the growth of small business in our State. You can learn more about their offerings at mwsbf.com. I’m Derek Miller with the Salt Lake Chamber, Speaking on Business.
