Stearns Bank National Association
SBA 7(a) Lending Profile · FY 2021 analysis
Industry Focus
Top industries served by Stearns Bank National Association
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 722513 | Limited-Service Restaurants | 504 | $207.2M | $411K | 6.8% |
| 713940 | Fitness and Recreational Sports Centers | 488 | $129.8M | $266K | 6.5% |
| 722515 | Snack and Nonalcoholic Beverage Bars | 232 | $61.8M | $266K | 3.1% |
| 722511 | Full-Service Restaurants | 224 | $111.8M | $499K | 3.0% |
| 811192 | Car Washes | 200 | $581.9M | $2.9M | 2.7% |
| 621310 | Offices of Chiropractors | 192 | $21.9M | $114K | 2.6% |
| 621320 | Offices of Optometrists | 184 | $32.6M | $177K | 2.5% |
| 812910 | Pet Care (except Veterinary) Services | 168 | $85.7M | $510K | 2.3% |
| 492110 | Couriers | 144 | $71.9M | $499K | 1.9% |
| 812112 | Beauty Salons | 144 | $31.5M | $219K | 1.9% |
Geographic Distribution
SBA lending activity for Stearns Bank National Association by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Florida (FL) | 768 | $414.6M | 10.3% |
| California (CA) | 736 | $408.1M | 9.9% |
| Texas (TX) | 792 | $376.0M | 10.6% |
| Minnesota (MN) | 560 | $329.8M | 7.5% |
| New York (NY) | 328 | $163.7M | 4.4% |
| North Carolina (NC) | 248 | $137.6M | 3.3% |
| Michigan (MI) | 168 | $130.3M | 2.3% |
| Illinois (IL) | 240 | $114.0M | 3.2% |
| Washington (WA) | 176 | $110.2M | 2.4% |
| Ohio (OH) | 240 | $106.6M | 3.2% |
| Georgia (GA) | 320 | $104.1M | 4.3% |
| Pennsylvania (PA) | 216 | $102.6M | 2.9% |
| New Jersey (NJ) | 240 | $80.8M | 3.2% |
| Colorado (CO) | 256 | $73.2M | 3.4% |
| Virginia (VA) | 224 | $63.2M | 3.0% |
| Arizona (AZ) | 184 | $62.1M | 2.5% |
| Montana (MT) | 40 | $52.1M | 0.5% |
| Tennessee (TN) | 128 | $42.5M | 1.7% |
| Oregon (OR) | 104 | $41.1M | 1.4% |
| Maryland (MD) | 152 | $33.6M | 2.0% |
| Connecticut (CT) | 112 | $29.9M | 1.5% |
| Wisconsin (WI) | 80 | $29.2M | 1.1% |
| Louisiana (LA) | 88 | $26.6M | 1.2% |
| Alaska (AK) | 8 | $25.6M | 0.1% |
| Iowa (IA) | 40 | $25.0M | 0.5% |
| South Carolina (SC) | 120 | $24.7M | 1.6% |
| Indiana (IN) | 56 | $22.5M | 0.8% |
| West Virginia (WV) | 16 | $21.4M | 0.2% |
| Alabama (AL) | 72 | $18.5M | 1.0% |
| North Dakota (ND) | 24 | $15.0M | 0.3% |
| Kentucky (KY) | 40 | $13.7M | 0.5% |
| Kansas (KS) | 40 | $13.7M | 0.5% |
| Massachusetts (MA) | 88 | $13.6M | 1.2% |
| Utah (UT) | 64 | $11.6M | 0.9% |
| Nebraska (NE) | 32 | $10.6M | 0.4% |
| South Dakota (SD) | 48 | $9.7M | 0.6% |
| Nevada (NV) | 48 | $9.3M | 0.6% |
| District of Columbia (DC) | 24 | $8.6M | 0.3% |
| Wyoming (WY) | 16 | $8.3M | 0.2% |
| Oklahoma (OK) | 24 | $8.3M | 0.3% |
| Missouri (MO) | 64 | $8.1M | 0.9% |
| Hawaii (HI) | 24 | $7.4M | 0.3% |
| Idaho (ID) | 40 | $7.2M | 0.5% |
| New Hampshire (NH) | 24 | $6.9M | 0.3% |
| Arkansas (AR) | 24 | $6.9M | 0.3% |
| Rhode Island (RI) | 24 | $6.6M | 0.3% |
| Delaware (DE) | 40 | $6.4M | 0.5% |
| Maine (ME) | 8 | $3.9M | 0.1% |
| Mississippi (MS) | 16 | $3.9M | 0.2% |
| New Mexico (NM) | 24 | $3.3M | 0.3% |
| Vermont (VT) | 16 | $480K | 0.2% |
Why Choose Stearns Bank National Association?
Based on SBA 7(a) lending track record from 2020-2025
- ✓Proven Track Record: 7,464 SBA loans approved, totaling $3.35B in financing
- ✓Industry Expertise: Specialized focus on Limited-Service Restaurants, Fitness and Recreational Sports Centers, Snack and Nonalcoholic Beverage Bars
- ✓Competitive Terms: Average interest rate of 8.99% with flexible term lengths averaging 145 months
- ✓Loan Range: Loan sizes from $15K to $5.0M, with an average of $449K
- ✓Nationwide Reach: Active lending in 51 states, with strong presence in TX, FL, CA
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, snack and nonalcoholic beverage bars, 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 8.99% and average term length of 145 months (approximately 12 years). Loan sizes range from $15K to $5.0M, with an average loan size of $449K.
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 7,464 SBA loans totaling $3.35B since 2020. 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 TX, FL, CA, MN, NY. 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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