Why Holtmeyer & Monson

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Contact us about starting or expanding a successful SBA lending function. 800.340.7304

Meet the SBA experts who lead our firm.

They guide the teams that help banks grow profits.

Holtmeyer and Monson has earned an enviable reputation as a leading provider of SBA lending services to community banks. Founded in 1982, the company is guided by strong, well-qualified executives with a client-centric focus. They lead a group of experienced professionals who have each filled the role of banker, accountant, or SBA officer.

Arne Monson, President and Co-founder

As President, Co-founder Arne Monson has led the successful development and evolution of Holtmeyer & Monson since 1982. Under his guidance, the company has gained prominence for its SBA lending expertise and growing customer base.

With his original co-founder, Gene Holtmeyer, Arne started the firm bringing nine years of commercial banking experience with Norwest Banks (now part of Wells Fargo) and First Bank Systems. He is a Certified Management Accountant and a Lender Service Provider Committee Member of the National Association of Government Guaranteed Lenders.

Arne is recognized as an authority on SBA lending and is frequently asked for input by the Small Business Administration, Congressional bodies and regulatory agencies.

A graduate of Southwest State University in Marshall, MN, he holds an MBA in business finance from Pepperdine University in Los Angeles and an MBA in business administration from Minnesota State University in Mankato, MN.

Penny Newbauer, Executive Vice President and National Servicing Manager

A wealth of experience distinguishes Penny Newbauer’s career, which includes positions in both the financial industry and corporate business. She has served as Holtmeyer & Monson’s vice president and national servicing manager since 2006. In this role, she provides extensive guidance in the proper preparation of closing documents for SBA loans, as well as 1502 reporting, payment setup and processing, and the development of servicing requests for SBA and Colson approvals.

Prior to joining Holtmeyer & Monson, Penny served as a consultant to the financial industry, specializing in the SBA lending arena. She gained an in-depth understanding of how institutions should manage SBA loan activities and staff while directing workflows as the assistant vice president/SBA administrator for Associated Bank Minnesota, NA fka Signal Bank in Eagan, Minnesota. Penny also identified and maintained contact with outside vendors/ loan brokers while directing sales of 7(a) and first mortgage (504) SBA loans at Associated Bank Minnesota and Dakota Bank in Mendota Heights, MN.

A graduate of the University of Minnesota-Morris, Penny holds a B.A. degree in business/economics.

Gene Holtmeyer, Co-founder (Retired)

A former chief of the Finance Division of the Small Business Administration, Gene Holtmeyer established Holtmeyer & Monson bringing the expertise and experience that he gained in the SBA. He is still widely recognized in the industry as “The Legend” for his long-term service to the SBA and his extensive knowledge of SBA lending.

Even after his retirement from H&M, Gene’s contributions to the company’s foundation, practices and procedures remain invaluable to our team and the banks we serve.

H&M has been an ICBA Preferred Service Provider since 2006.

Why H&M for SBA