Stearns Bank National Association
MN
SBA-approved lender offering 8 loan programs across 59 industries.
Key Metrics
Interest Rate
9.57%
2.82% over prime
Average Loan
$447K
Per approval
Total Approvals
172
FY 2025
Loan Programs (8)
7a General
7a with WCP
Change of Ownership
Existing or more than 2 years old
Loan Funds will Open Business
New Business or 2 years or less
Preferred Lenders Program
Fixed Rates
Industries Served (59)
All Other Amusement and Recreation IndustriesAll Other Miscellaneous Chemical Product and Preparation ManufacturingAll Other Miscellaneous ManufacturingAll Other Miscellaneous Waste Management ServicesAll Other Professional, Scientific, and Technical ServicesAll Other Specialty Trade ContractorsAll Other Traveler AccommodationAutomobile Driving SchoolsBoat BuildingBrick, Stone, and Related Construction Material Merchant WholesalersCar WashesCaterersChild Day Care ServicesChild and Youth ServicesComputer and Computer Peripheral Equipment and Software Merchant WholeCouriersDrinking Places (Alcoholic Beverages)Drycleaning and Laundry Services (except Coin-Operated)Farm and Garden Machinery and Equipment Merchant WholesalersFitness and Recreational Sports CentersFull-Service RestaurantsGeneral Freight Trucking, Long Distance, TruckloadGeneral Rental CentersHog and Pig FarmingHomes for the ElderlyHotels (except Casino Hotels) and MotelsLandscaping ServicesLimited-Service RestaurantsMachine ShopsMarketing Consulting ServicesMobile Food ServicesMotion Picture and Video ProductionNail SalonsOffices of All Other Miscellaneous Health PractitionersOffices of ChiropractorsOffices of DentistsOffices of OptometristsOffices of Physical, Occupational and Speech Therapists, and AudiologiOphthalmic Goods ManufacturingOther Activities Related to Real EstateOther Foundation, Structure, and Building Exterior ContractorsOther Management Consulting ServicesOther Performing Arts CompaniesOther Personal Care ServicesOther Professional Equipment and Supplies Merchant WholesalersOther Scientific and Technical Consulting ServicesPainting and Wall Covering ContractorsPet Care (except Veterinary) ServicesPlumbing, Heating, and Air-Conditioning ContractorsPoured Concrete Foundation and Structure ContractorsPower and Communication Line and Related Structures ConstructionResidential Property ManagersSecurity Guards and Patrol ServicesSign ManufacturingSite Preparation ContractorsSnack and Nonalcoholic Beverage BarsSpecialized Freight (except Used Goods) Trucking, LocalSurgical and Medical Instrument ManufacturingVeterinary Services
Additional Details
- Prime Rate
- 6.75%
- Rate Over Prime
- 2.82%
- Effective Rate
- 9.57%
- Fiscal Year
- 2025
- States Served
- MN
- Website
- www.stearnsbank.com
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