Stearns Bank National Association
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Stearns Bank National Association · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722513 | Limited-Service Restaurants | 732 | $248.2M | $339K | 11.0% |
| 713940 | Fitness and Recreational Sports Centers | 394 | $95.4M | $242K | 5.9% |
| 812112 | Beauty Salons | 318 | $63.1M | $198K | 4.8% |
| 722511 | Full-Service Restaurants | 168 | $73.9M | $440K | 2.5% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 165 | $38.2M | $232K | 2.5% |
| 812199 | Other Personal Care Services | 123 | $39.9M | $324K | 1.8% |
| 492110 | Couriers and Express Delivery Services | 105 | $49.1M | $467K | 1.6% |
| 811111 | General Automotive Repair | 102 | $42.2M | $413K | 1.5% |
| 721110 | Hotels (except Casino Hotels) and Motels | 101 | $176.0M | $1.7M | 1.5% |
| 621610 | Home Health Care Services | 99 | $24.8M | $250K | 1.5% |
Geographic Distribution
SBA lending activity for Stearns Bank National Association by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Minnesota (MN) | 1,058 | $345.7M | 15.8% |
| Florida (FL) | 678 | $279.2M | 10.2% |
| Texas (TX) | 624 | $230.9M | 9.3% |
| Arizona (AZ) | 405 | $192.7M | 6.1% |
| California (CA) | 520 | $188.8M | 7.8% |
| Georgia (GA) | 266 | $88.8M | 4.0% |
| North Carolina (NC) | 229 | $84.3M | 3.4% |
| Illinois (IL) | 199 | $76.7M | 3.0% |
| Colorado (CO) | 220 | $66.6M | 3.3% |
| New York (NY) | 146 | $66.2M | 2.2% |
| Ohio (OH) | 165 | $63.1M | 2.5% |
| Washington (WA) | 119 | $56.3M | 1.8% |
| Pennsylvania (PA) | 165 | $54.8M | 2.5% |
| Michigan (MI) | 115 | $49.5M | 1.7% |
| Wisconsin (WI) | 124 | $46.8M | 1.9% |
| Virginia (VA) | 165 | $42.4M | 2.5% |
| Indiana (IN) | 70 | $41.7M | 1.0% |
| Oregon (OR) | 92 | $38.3M | 1.4% |
| New Jersey (NJ) | 126 | $35.1M | 1.9% |
| Tennessee (TN) | 84 | $29.4M | 1.3% |
| Maryland (MD) | 109 | $29.4M | 1.6% |
| Nevada (NV) | 61 | $24.2M | 0.9% |
| South Carolina (SC) | 100 | $23.3M | 1.5% |
| Louisiana (LA) | 44 | $22.5M | 0.7% |
| Massachusetts (MA) | 75 | $22.0M | 1.1% |
| Utah (UT) | 71 | $21.5M | 1.1% |
| Missouri (MO) | 87 | $19.5M | 1.3% |
| Iowa (IA) | 51 | $18.3M | 0.8% |
| Montana (MT) | 26 | $16.4M | 0.4% |
| Kentucky (KY) | 42 | $16.1M | 0.6% |
| North Dakota (ND) | 16 | $14.3M | 0.2% |
| Connecticut (CT) | 49 | $13.6M | 0.7% |
| Alabama (AL) | 45 | $12.3M | 0.7% |
| Arkansas (AR) | 24 | $11.6M | 0.4% |
| Kansas (KS) | 45 | $10.4M | 0.7% |
| New Mexico (NM) | 26 | $10.1M | 0.4% |
| Oklahoma (OK) | 38 | $10.0M | 0.6% |
| New Hampshire (NH) | 22 | $7.0M | 0.3% |
| Idaho (ID) | 35 | $6.2M | 0.5% |
| South Dakota (SD) | 28 | $5.8M | 0.4% |
| Alaska (AK) | 9 | $5.3M | 0.1% |
| West Virginia (WV) | 8 | $4.8M | 0.1% |
| Mississippi (MS) | 13 | $4.5M | 0.2% |
| Rhode Island (RI) | 15 | $4.2M | 0.2% |
| Nebraska (NE) | 18 | $4.2M | 0.3% |
| Delaware (DE) | 12 | $3.6M | 0.2% |
| District of Columbia (DC) | 11 | $3.6M | 0.2% |
| Hawaii (HI) | 10 | $3.3M | 0.1% |
| Maine (ME) | 9 | $2.4M | 0.1% |
| Wyoming (WY) | 6 | $2.4M | 0.1% |
| Vermont (VT) | 2 | $1.2M | 0.0% |
Why Choose Stearns Bank National Association?
Based on SBA 7(a) lending track record from 1991-2025
- ✓Proven Track Record: 6,677 SBA loans approved, totaling $2.43B in financing
- ✓Industry Expertise: Specialized focus on Limited-Service Restaurants, Fitness and Recreational Sports Centers, Beauty Salons
- ✓Competitive Terms: Average interest rate of 7.21% with flexible term lengths averaging 129 months
- ✓Loan Range: Loan sizes from $8K to $5.0M, with an average of $364K
- ✓Nationwide Reach: Active lending in 51 states, with strong presence in MN, FL, TX
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about Stearns Bank National Association SBA lending
What types of businesses does Stearns Bank National Association typically finance?
Stearns Bank National Association specializes in SBA 7(a) lending to specific industries including limited-service restaurants, fitness and recreational sports centers, beauty salons, full-service restaurants. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Stearns Bank National Association's typical SBA loan terms?
Stearns Bank National Association's SBA 7(a) loans typically feature an average interest rate of 7.21% and average term length of 129 months (approximately 11 years). Loan sizes range from $8K to $5.0M, with an average loan size of $364K.
Do I need a business valuation for a Stearns Bank National Association SBA loan?
Yes, Stearns Bank National Association typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does Stearns Bank National Association compare to other SBA lenders?
Stearns Bank National Association has originated 6,677 SBA loans totaling $2.43B since 1991. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does Stearns Bank National Association lend in?
Stearns Bank National Association provides SBA 7(a) financing with particularly strong presence in MN, FL, TX, CA, AZ. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
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