#USA #Salt Lake City #MWSBF #Spencer Davis #Danny Mangum

Mountain West Small Business Finance: New Executive Leadership Team

Mountain West Small Business Finance (MWSBF) has named Spencer Davis as its new Chief Executive Officer and Danny Mangum as President and Chief Operating Officer. This pivotal change was announced on October 30, 2025, during the Q3 Board Meeting, marking a significant evolution in the company’s leadership.

Exciting Times Ahead

The announcement has created a wave of excitement within the organization, especially considering the current economic uncertainties. Shelly Johnson, the chair of the MWSBF Board and director of lending at ZIFI, expressed her confidence in the new leadership team, stating, "Spencer and Danny have been change-makers in Mountain West's culture and key players in the company's growth and success for more than a decade. This new leadership team embodies a harmonious balance of experience and enthusiasm to guide MWSBF, its employees, business partners, and the communities we serve."

Both Davis and Mangum bring over 12 years of combined leadership experience to their new roles, alongside 40 years of service at MWSBF. Davis started his career in the company as an administrative employee back in 1996. He was promoted to Vice President and Loan Officer in 2005, and subsequently became the Senior Vice President and Senior Lending Officer by 2019. On the other hand, Mangum joined MWSBF in 2010 as a credit analyst and worked his way up to Vice President and Loan Officer, eventually being promoted to Chief Operating Officer in 2019.

Proven Impact on Small Business Growth

During their tenure as loan officers, both Davis and Mangum significantly impacted small businesses in the region. Together, they were responsible for over 770 Small Business Administration (SBA) 504 loan approvals, totaling an impressive $566 million in debentures. Their efforts have led to the creation and retention of over 19,000 jobs, showcasing their commitment to fostering entrepreneurship and supporting local economies.

Davis conveyed his enthusiasm for the direction of MWSBF, stating, "We're excited about the future. The people are what make this company extraordinary. We appreciate the foundation laid by our past leaders and will build on that legacy. Our ultimate mission is to support small businesses, a vision we strongly believe in. Our employees are aligned with this goal, and we are dedicated to continuing our tradition of turning small business dreams into reality."

About Mountain West Small Business Finance

MWSBF stands as the largest certified development company in the mountain west region and ranks sixth nationally in SBA 504 financing. Since its inception in 1980, MWSBF has successfully assisted over 6,400 small businesses in expanding their operations through the SBA 504 loan program. This program collaborates with various lending institutions, such as banks and credit unions, to offer competitive, fixed-rate loans accompanied by minimal down payment requirements. To learn more about the new leadership and the services offered, visit mwsbf.com.

MWSBF's ability to adapt and innovate during challenging economic times is essential for its continued influence in the region, reflecting the resilience and dedication of its new leadership team.