Mountain West Small Business Finance names Davis CEO, Mangum president and COO

Mountain West Small Business Finance (MWSBF), a Salt Lake City-based certified development and SBA financing company, has named new executive leaders. Effective with the announcement, Spencer Davis was named CEO and Danny Mangum was tabbed president and chief operating officer. 

The change was ratified on Oct. 30 at the organization’s third-quarter board meeting. 

Despite so much economic uncertainty, this is an exciting time for Mountain West,” said Shelly Johnson, MWSBF board chair and ZIFI director of lending. “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 is the right balance of experience and enthusiasm to lead Mountain West, its employees, the businesses and communities it serves.”

Davis and Mangum have over 12 years of combined leadership experience and 40 total years of seniority as MWSBF employees.

Davis was initially hired in 1996 as an administrative employee. He was promoted to vice president and loan officer in 2005 and then senior vice president and senior lending officer in 2019.

Mangum joined MWSBF in 2010 as a credit analyst and transitioned to vice president and loan officer. He was promoted to chief operating officer in 2019.

“We’re excited about the future,” said Davis. “It’s the people that make this company what it is. We’re grateful for the foundation our past leaders and employees set, and we will continue to build on that success. Ultimately, our job is about supporting small businesses. We believe in that vision. Our employees believe in that vision, and we look forward to continuing the tradition of helping small businesses make their dreams a reality.”

MWSBF is the largest certified development company in the Mountain West and ranks sixth in the nation for SBA 504 financing. Since 1980, MWSBF has facilitated more than 6,400 SBA 504 loans.