Equipment Financing
Facilitating Business Expansion
Division Overview
We are committed to building long term, win-win relationships that enable our partners to build stronger businesses through creative financing solutions.
Founded in 1986, Sentry Equipment Financing provides the full spectrum of equipment leasing and financing products to Fortune 2000, middle market, and smaller but established companies. We focus in the technology, construction, and clean energy sectors, but will provide financing programs and transactions in most industries.
Whether you’re a manufacturer or vendor seeking to expand sales of your equipment/software/services by offering financing options to your customers; or an equipment end user seeking a tailored financing solution for your equipment/software acquisition needs; or a regional or community bank desiring to seamlessly offer equipment leasing solutions to your customers; or a lease/finance company seeking to augment your structuring and funding capabilities, Sentry has proven programs that will meet your needs.
As your trusted financial partner, you can expect Sentry’s professionals to provide the right financing solutions for you and/or your customers, competitively priced, and professionally delivered.
Our Industries
Over Sentry’s almost 40 years in business, we have provided equipment leasing and financing to a wide range of industries, including advertising, agriculture, airlines, automotive, banking and insurance, construction, clean energy, food supply and distribution, healthcare, hospitality, manufacturing, technology, telecommunications, and more. Today, we still provide financing to a wide range of industries, but proactively focus on the technology, construction, and clean energy sectors.
Why Telecommunications?
With the proliferation of smartphones, tablets, and an ever-increasing need for bandwidth and coverage, the telecommunications industry has an almost insatiable appetite for capital equipment to meet customer needs. Sentry proactively provides equipment, software, and project financing for the telecommunications industry, including network expansion, LTE upgrades, distributed antenna systems (iDAS/oDAS), backhaul infrastructure, HetNet, small- and macrocell, VoIP, VSAT, satellite, networking testing equipment, RAN equipment, and data centers.
Recent examples of telecom equipment financings provided by Sentry include:
- $130 million vendor financing facility for a major US carrier, enabling it to upgrade its network.
- Customer premises equipment for a national carrier, which allowed it to provide comprehensive communications solutions to its customers.
- Distributed Antenna Systems (DAS) for a major hospital network.
- Vendor finance program allowing for satellite connectivity and TV in rolling stock.
- Vendor finance program for a major network testing equipment manufacturer, allowing the company to offer financing to its customers on all of its products.
- Extensive RFID and nurse call system for a major hospital chain.
Why Healthcare?
The healthcare industry constitutes about one-seventh of the U.S. economy and is continuing to grow. Sentry has been providing equipment leasing and financing solutions for the healthcare industry since 1991. Sentry has financed a wide range of healthcare equipment and software, including major and minor imaging equipment, IT, laboratory equipment, major and minor medical and surgical equipment, non-medical equipment, and communications equipment (DAS, WiFi, nurse call systems, etc.).
Recent examples of healthcare equipment financings provided by Sentry include:
- Over 26,000 health monitors in major pharmacy and grocery chains throughout the United States and Canada.
- All equipment, furniture and fixtures for several large hospitals in Texas and California.
- A Linear Accelerator for large hospital in New Jersey.
- Major imaging equipment such as GE, Philips, Fonar and others to a variety of hospitals and clinics.
Why Clean Energy?
Sentry is committed to facilitating our world’s transition from fossil fuel-based energy (coal, oil, natural gas) to sources of clean energy (solar, wind, geothermal, hydro) and to helping businesses acquire more energy efficient products (LED lighting, HVAC, sensors, low power technology). Sentry has been providing equipment leasing and financing solutions for the clean and energy-efficient marketplace since 2001.
Recent examples of clean energy and energy-efficient equipment financings provided by Sentry include:
- A solar power installation for a research facility in the State of Washington.
- LED lighting retrofits for several hospitals and automobile manufacturing facilities.
- Energy reduction equipment for a large hospital chain.
Sentry Equipment Financing encompasses four distinct financing programs.
Meet the Team
Scott F. Young
Chief Operating Officer
As the co-founder and COO of Sentry, Scott is involved in determining Sentry’s strategic direction and leads its Equipment Financing division. After graduating from law school, Scott was a clerk at the Utah Supreme Court for Justice Christine Durham, a practicing lawyer focusing on business litigation and transactions (for over a decade at Parr Brown Gee & Loveless), and outside counsel for Sentry until he rejoined Sentry on a full-time basis in 1998. Scott has co-authored professional books on equipment leasing, including The Handbook of Leasing (1982) and The Guide to Captive Financing (1984), and lectured on the topic of equipment leasing as an instructor for Amembal, Isom, & Halladay. Scott is a member and former president of the board of trustees of The Boys and Girls Clubs of Greater Salt Lake, and a founding board member of The Lightspark Foundation. Scott supports an array of community organizations that promote protection of human rights and our environment.
Andrew Bebbington
Executive VP
As Sentry’s Executive Vice President, Andrew is responsible for origination and execution of structured investments ranging from private equity through to project finance. Andrew is a graduate of the London School of Economics and was the winner of the “Peats” Prize for outstanding academic performance. Andrew went on to join KPMG in London and after obtaining his chartered accountancy qualifications moved into their consulting group and was one of the founder team that established the KPMG private equity advisory group. Andrew left KPMG to do a management buy-in of a UK public company where he became the M & A Director. After acquiring a US company, Andrew moved to the US as CEO of a division operating in the semiconductor and pharmaceutical markets. He moved to Utah as CEO of a high tech NASDAQ company commercializing scientific technology developed at Brigham Young University. More recently, Andrew has been working for various private equity groups structuring debt and equity transactions as well as providing operating management on either a full or ad hoc basis. Andrew is an active squash player and skier.
Jonathan M. Ruga
Chief Executive Officer
Jonathan is the CEO of Sentry Financial, co-founded in 1986 by Jonathan and Scott.Jonathan is responsible for Sentry’s strategic direction and is integrally involved in all of the company’s divisions: Equipment Financing, Real Estate, and Private Equity. Prior to co-founding Sentry, Jonathan worked with the law firm of Parr, Brown, Gee & Loveless, focusing on litigation, and business and corporate law. He has co-authored several professional books, including The Handbook of Leasing (1982), and International Leasing: The Complete Guide (2000). Jonathan is the board chair of The Lightspark Foundation, the Vice Chair of Alliance for a Better Utah, and a member of the board of trustees of St. Mark’s Hospital, and has previously served on the boards of The Boys and Girls Clubs, High Road for Human Rights, The Road Home, the S.J.Quinney College of Law, and several other organizations. Jonathan and his wife, Tina, are lifelong residents of Salt Lake City and support a variety of local and national forward thinking organizations, including Equality Utah and Planned Parenthood.