Keep Your Business Moving
No matter your need, you don’t have to wait weeks for an approval for business loans through Sentry Bank!
We are a locally owned and operated community bank, which means we can make decisions quickly and get you the money you need to run your business. Whether you need real estate financing, an SBA loan to start or expand your business, equipment or inventory loans or a revolving line of credit, our business loans team has you covered.
Commercial Real Estate Financing
We’re here to help the businesses in our community grow, and you’re one of them.
For you, growth might mean the purchase of a new building, or it may simply be a few renovations or an addition at your current location. Either way, our business loans are here for you. We can even refinance your current commercial real estate loan; with our competitive rates and quick decision making, we’ll get you back to doing what you do best in no time.
SBA Business Loans
SBA business loans allow you to get the funds you need to start or expand your business with lower interest rates, more flexible repayment options and fewer conditions than traditional bank loans.
At Sentry Bank, we offer SBA loans across Minnesota and are proud to be a Preferred Lender for the SBA. This allows us to streamline the application process for you more than other SBA lenders who are not part of the Preferred Lender Program (PLP). We are especially trusted by the SBA due to our high level of experience in dealing with SBA business loans.
SBA Loan FAQ
SBA loans are usually given at lower interest rates and with fewer conditions than traditional bank loans, due to the guarantee from the SBA.
These loans are typically only given to cover the following types of small business expenses: accounts payable, inventory, operating expenses, purchasing/modifying land, purchasing/constructing buildings, long-term machinery/equipment, and some other uses.
7(a) loans are usually used for accounts payable, inventory, operating expenses, purchasing/modifying land, purchasing/constructing buildings, long-term machinery/equipment, and some other uses.
The SBA can guarantee up to 85% on loans of up to $150,000, and 75% on loans greater than that.
CDC/504 SBA CDC/504 (Certified Development Company) loans are usually used by expanding businesses. They typically have a maximum loan amount of around $5-5.5 million.
CDC/504 loans can be used for purchasing/modifying land, purchasing/constructing buildings, long-term machinery/equipment, and some other uses.
Besides the requirements at the above links, banks and lenders will also look at your business’ cash flow, collateral, equity investment and credit.
Clicking on the links above will open new windows and bring you to third-party websites.
You can be prepared for the application process before you meet with your lender by gathering your personal and business financial statements, tax returns, collateral documents, articles of incorporation (if an existing business), resume and business plan (if starting a business) and more.Click here to learn more at SBA.gov
Clicking on the link above will open a new window and bring you to a third-party website.
If you have any questions about the SBA loans process, contact us and we will help guide you through the process.
Equipment and Inventory Loans
Keep your business ahead of the competition by applying for funding for equipment and inventory business loans.
As a local bank, we make the application process fast and simple so you can get your equipment and inventory quickly, to help you grow financially.
Line of Credit
A line of credit is similar to a credit card, in that you’re able to make purchases and then pay them back. The line of credit is able to be used as cash though, while credit cards are more difficult to convert into cash.
A revolving line of credit provides you easy and convenient access to as much or as little capital as you need, when you need it. We work with you to provide competitive terms to meet your business’ unique needs. This is a great option for recurring inventory purchases or short-term expenses, while for long-term expenses you’ll still want to consider traditional business loans.
Meet our Business Bankers
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Ryan Holthaus
Ryan has been with Sentry Bank for the last 8+ years, bringing over 20 years of business experience to his work with both new and established business customers. Ryan serves as the Senior Vice President/Senior Lender and is an active member of the Cold Spring community, St. James Catholic Church, Sertoma, as well as a Graduate of the University of Wisconsin Graduate School of Banking. Ryan also coaches baseball while being the President of the CSAYSA. See Ryan for any of your commercial banking needs.
NMLS #1469570
Email Ryan
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Kevin Fitzpatrick
Kevin has been with Sentry Bank since 2018, bringing over 20 years of banking experience, including 8+ years of lending experience. Kevin’s current role is Vice President within the Commercial Lending division. He has a BS in Business Management and an MBA in Business Administration. Kevin plays an active role in the community through his involvement with organizations like Big Brothers Big Sisters of Central MN and the Sartell Chamber of Commerce. Outside of work, Kevin enjoys spending time with his two daughters and participating in outdoor activities.
NMLS #1514570
Email Kevin
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Ryan Davidson
Ryan is a Vice President Commercial Loan Officer with Sentry Bank. Prior to joining Sentry Bank, Ryan spent 19 years in banking gaining the knowledge and experience to help clients realize their financial dreams. He received his undergraduate degree in Business Management, Finance, and Marketing from Southwest Minnesota State University. Ryan’s success is built on a foundation of hard work, integrity, and unbeatable customer service. His goal is to build lifelong relationships with his clients and to have a positive impact on the communities in which he proudly works. With many years of service and the right tools at his disposal, he is confident he can find the solution to make your dreams a reality. Outside work, Ryan enjoys spending time with his wife and two wonderful children. He enjoys watching them grow each day as they learn the life skills that will carry them for many years to come.
NMLS #578081
Email Ryan
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Devin Larson
Devin Larson is a Vice President – Commercial Lender with Sentry Bank, bringing over 12 years of experience in commercial banking. He takes an analytical, relationship-focused approach to financing, working closely with business owners to understand their unique goals and provide tailored solutions for long-term success. Outside of banking, Devin is passionate about giving back, supporting nonprofits like Sertoma, Habitat for Humanity, and Place of Hope. He also serves on the loan committee for The Initiative Foundation. When not working, Devin enjoys spending time with his wife and three kids, and embracing the outdoors with activities like camping, hunting, and spending time at the lake. A sports enthusiast, you may also find him playing tennis, basketball, or golf.
NMLS #2703259
Email Devin
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Matt Nelson
Matt Nelson is a Business Banking Relationship Manager at Sentry Bank serving the Twin Cities Market. Prior to joining Sentry, Matt spent 12 years at US Bank gaining diverse experience in Retail Consumer Banking, Community Banking, Middle Market and Business Banking. He received his undergraduate degree in Economics and Management Studies from St Olaf College. After spending 4 years in Ames, IA where Matt’s wife, Jessica, attended Veterinary School, he and his family moved back to MN. He and his wife and their 3 kids live in the Maple Grove area. Matt works with the MN Chapter of Juvenile Diabetes Research Foundation to execute the JDRF Walk for a Cure each year.
NMLS #570852
Email Matt
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Joel Isenberger
Joel Isenberger is a Commercial Loan Officer with Sentry Bank bringing over 10 years of banking experience in both retail and commercial banking. Joel is passionate about the customers that he serves and understands that the relationship is of utmost importance. Outside of banking, Joel is passionate about service. He currently serves as the Vice-Chair of the Board for NeighborWorks Home Partners, a non-profit in St. Paul MN that works to create and preserve homeowners. He also serves on the Board of Directors and the Finance Committee for The Aliveness Project in Minneapolis, a non-profit working to combat the HIV epidemic in MN. When not at work, Joel and his wife, Jessica, love to spend time with family and friends and are often traveling around the Midwest to visit them. They are constantly on the hunt for the next great restaurant or cocktail and enjoy catching a show at the Armory in Minneapolis. Joel is also a huge Packers, Bucks and Badger fan and loves to spend the fall catching the games. If you are looking for a lender who is dedicated to the success of his clients, look no further!
NMLS # 1701157
Email Joel