Stearns Bank National Association: SBA loans in this registry
21companies
21loans
$28.7Mtotal approved
$1.4Maverage loan
About this lender
- Type
- Bank
- Headquarters
- Saint Cloud, MN
- FDIC certificate number
- 10988
- Total assets
- $3.3 billion (as of June 30, 2026)
- Established
- 1912
- Offices
- 8
- Website
- www.stearnsbank.com
- Acquisition loans (7(a))
- 14 loans, $17.4M total, $1.2M average
- Expansion loans (504, SBA portion)
- 7 loans, $11.4M total, $1.6M average
- Approval dates
- Nov 14, 2023 to Sep 25, 2026
- Typical term (median)
- acquisition loans: 10 years; expansion loans: 25 years
- Initial interest rate (7(a))
- 8.5% to 11.25%, median 10.25%
- Rate type (7(a))
- 93% variable, 7% fixed
Top industries
- Full-Service Restaurants: 2 loans
- Car Washes: 2 loans
- All Other Specialty Trade Contractors: 2 loans
- Offices of Physical, Occupational and Speech Therapists, and Audiologists: 1 loan
- Drinking Places (Alcoholic Beverages): 1 loan
Top states
- Texas: 4 loans
- Pennsylvania: 3 loans
- New York: 3 loans
- Arizona: 1 loan
- Ohio: 1 loan
Largest deals
- Sunshine Rose Properties LLC, Lancaster, PA: $2,760,000 (7(a) acquisition, Aug 26, 2024)
- Katy Gymnastics & Sports Performance, Katy, TX: $2,092,000 (504 SBA portion, Apr 9, 2024)
- R88, Inc., Addison, TX: $2,011,500 (7(a) acquisition, Mar 13, 2024)
- Mint Express Car Wash, Cypress, TX: $2,008,000 (504 SBA portion, May 22, 2024)
- BronxCare, Bronx, NY: $1,930,000 (504 SBA portion, Apr 23, 2024)
Lender details come from the SBA loan files and the FDIC BankFind service. Counts cover loans on this site only.
Companies
Use search to find others.