Salt Lake City: Livability in the 21st Century

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MOUNTAIN WEST
SMALL BUSINESS FINANCE
Right: Working in tandem with the State of Utah’s Economic Development
Division, in 1980 Scott Davis helped create a resource for small businesses
looking to secure SBA 504 financing, now known as Mountain West
Small Business Finance.
Below: Mountain West Small Business Finance has helped more than
4,000 businesses in Utah grow and meet marketplace demands including
Schmidt’s Pastry Cottage, a company employing more than eighty people at
four locations across the Wasatch Front.
Mountain West Small Business Finance (MWSBF) is a
private, nonprofit corporation, created in 1980 as an initiative
of the State’s Office of Economic Development to support small
businesses in Utah. Mountain West administers the Small
Business Administration’s 504 Loan Program, a rural revolving
loan fund and a small business working capital fund.
One of MWSBF’s first loans was to Gastronomy, Inc.
Business partners Tom Guinney and John Williams used
the financing to open the Market Street Broiler, an eatery
that is today both a Utah institution and a vital component
of the partners’ Gastronomy family of restaurants.
Since then MWSBF has provided SBA financing to more
than 4,000 Utah small businesses representing well over
$1 billion. Other well-known Utah businesses MWSBF has
secured SBA financing for include Papa Pita Bakery, a 200,000
square foot state-of-the-art,
fully automated bakery in
West Jordan; Schmidt’s
Pastry Cottage with four
Utah locations in Sugar
House, downtown Salt Lake
City, Taylorsville and South
Jordan; and CSB Nutrition, a
Spanish Fork-based nutritional
supplement manufacturer.
Thousands of new
jobs in every corner of Utah
and surrounding states have
been created as a direct
result of MWSBF’s efforts.
“Mountain West was amazing.
I didn’t have to spend
much time with paperwork—they
basically handled
everything for me and
stepped me through the process. They made (securing an
SBA loan) easy,” says Steve Borg, Schmidt Pastry Cottage
owner and manager.
Mountain West President Scott Davis and its staff believe
that a diverse and vibrant community supports success and
growth in business. Since it was founded, MWSBF has supported
many organizations that help make our communities
better places to live including SEED Dixie; SEED Cache Valley,
the Utah Microenterprise Fund; TURN, the United Way’s
preeminent advocate for Utah’s disabled community; Clark
Planetarium and Discovery Gateway Children’s Museum;
the Utah Shakespeare Festival; Utah Chamber
Artists; and the Utah Food Bank to name a few.
For more information about MWSBF SBA loan
and financing services, visit www.mwsbf.com.
S A L T L A K E C I T Y — L i v a b i l i t y i n t h e 2 1 s t C e n t u r y
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