Business Loans with Fast Local Approval
Business Loans & Commercial Financing
Business Loans
Local Lending for Local Business
At Sherburne Bank, we believe strong local businesses build strong communities. Whether you’re launching a new venture, expanding operations, or managing day-to-day cash flow, our team is here to provide flexible financing solutions backed by personal service and local decision-making.
We take time to understand your goals, your challenges, and your business story—so we can craft a lending solution that truly fits your needs.
Why Borrow with Sherburne Bank?
- Local decisions, faster answers – Lending decisions are made right here in Minnesota by people who know your business and community.
- Customized loan structures – We tailor terms, rates, and payment schedules around your operations and goals.
- Personal relationships – You’ll work directly with a lender who’s invested in your success—not a call center or online system.
- Full-service business banking – Combine your business loan with checking, savings, treasury management, and merchant services for a complete banking relationship.
Our Business Loan Options
Term Loans
Finance one-time purchases or long-term investments that move your business forward.
Use a term loan to:
- Purchase or upgrade equipment or vehicles
- Remodel or expand facilities
- Acquire another business or buy out a partner
- Strengthen working capital for growth
Flexible repayment schedules and competitive fixed or variable rates available.
Business Lines of Credit
Keep your cash flow steady and your operations moving.
A Sherburne Bank line of credit provides ongoing access to funds when you need them—for inventory, payroll, or unexpected opportunities. Draw what you need, repay, and reuse as your business cycle continues.
Commercial Real Estate Loans
Whether you’re purchasing, refinancing, or building, we can help you secure financing for owner-occupied or investment property.
We offer financing for:
- Commercial real estate purchases
- Construction and expansion projects
- Land acquisition and development
- Multi-use and rental properties
Our experienced lenders will guide you through every step, from application to closing.
Equipment Financing
Equip your business for success without straining cash reserves.
We can help you finance machinery, vehicles, technology, or other equipment with repayment terms designed to match your budget and usage.
SBA & Government-Backed Loans
As an approved SBA lender, Sherburne Bank offers access to programs that can make financing easier to qualify for and more affordable.
Options include:
- SBA 7(a): Flexible funding for real estate, equipment, or working capital
- SBA 504: Long-term financing for fixed assets and expansion projects
- SBA Express: Simplified, faster approval for smaller loan needs
Our team will help you navigate eligibility and paperwork so you can focus on your business.
Your Business Partner for the Long Run
At Sherburne Bank, our relationship with your business doesn’t end when the loan closes. We’re here to support your long-term growth, adapt financing as your needs evolve, and celebrate your milestones along the way.
When you bank local, your dollars stay local—helping other businesses, families, and communities thrive.
Ready to Get Started?
Our experienced business lenders are ready to help you explore your options and create a financing plan that fits your goals.
Contact your local Sherburne Bank office today to start a conversation about your next step in business growth.
Allen Snegosky
President/CEO
NMLS #561373
763-271-4919
EMAIL
Growing up the son of a mechanic and small business owner, Allen witnessed firsthand the difference a community banking relationship can offer. After working for years in corporate banking, Allen left to pursue his goal of helping small businesses succeed. With a background in residential and commercial lending of varying sizes, Allen is passionate about his mission to meet each business’ individual needs. In addition to his banking experience, Allen holds a BA and an MBA from the University of Minnesota – Twin Cities.
Contact Allen for an appointment in Becker, Monticello, or at your business.
Jarred Merchant
Chief Lending Officer
NMLS# 2035053
763-271-7185
EMAIL
Jarred Merchant grew up in the small town of Kimball, Minnesota, and has been around community banking his whole life. He has an appreciation for small-town banking and providing excellent customer service. Jarred prides himself on working until the job is done and his determination to help each customer reach their business goals. Before starting his career in the banking world, Jarred obtained a BA from Bethany Lutheran College where he also played basketball for four years.
Contact Jarred for an appointment in Becker, Monticello, Princeton, or at your business.
Marissa Mckee
Assistant Vice President | Commercial Loan Officer
763-271-7182
EMAIL
Being involved in the community is something that has always been important to Marissa. While going to college she was able to coach girls’ hockey and lacrosse in Saint Cloud. After she earned her BS in Finance from Saint Cloud State University, she worked at a local credit union and gained knowledge in numerous areas of banking with a focus in consumer lending. Marissa and her young family have called Monticello home for the past four years and her drive to further serve the community is what ultimately brought her to Sherburne Bank. Being able to work with small business owners to further their dreams in the short and long term is something she will never take for granted.
Nick Ward
Commercial Loan Officer
763-271-7179
EMAIL
Working for years in community financial institutions, Nick enjoys helping businesses with their growth and financial needs. Between growing up around his family’s small business and his strong background in commercial lending, Nick understands how to coordinate commercial loans to assist your business goals. In addition to his banking experience, Nick holds a Bachelor of Science degree in Business Administration focused on Finance, Management & Economics. Nick grew up in the Zimmerman community and has returned to the area to raise his family.
Contact Nick for an appointment in Becker, Monticello, Princeton or at your business.
William Moritz
Commercial Loan Officer
NMLS#2786971
763-271-7195
EMAIL
Doing work that directly strengthens the communities we call home, providing white-glove customer service, and drawing on years of experience in community banking, William is eager to walk alongside you and your business. Born and raised in Sauk Centre, MN, and a graduate of North Dakota State University in Fargo, ND, William now resides in the NW Metro with his wife, son, and dog. He looks forward to building and nurturing relationships with businesses of all sizes and industries.
Contact William for an appointment in Becker, Monticello, Princeton or at your business.
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