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Stearns Bank National Association

SAINT CLOUD, MN 56301

⭐ SBA Preferred Lender
933
Loans Approved
$419.1M
Total Volume
$449K
Avg Loan Size
51
States Served

States Served

AlaskaAlabamaArkansasArizonaCaliforniaColoradoConnecticutWashington D.C.DelawareFloridaGeorgiaHawaiiIowaIdahoIllinoisIndianaKansasKentuckyLouisianaMassachusettsMarylandMaineMichiganMinnesotaMissouriMississippiMontanaNorth CarolinaNorth DakotaNebraskaNew HampshireNew JerseyNew MexicoNevadaNew YorkOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVirginiaVermontWashingtonWisconsinWest VirginiaWyoming

Top Industries Financed

  • Limited-Service Restaurants
  • Fitness and Recreational Sports Centers
  • Snack and Nonalcoholic Beverage Bars
  • Full-Service Restaurants
  • Car Washes

Quick Summary

Stearns Bank National Association is an SBA-approved lender headquartered in SAINT CLOUD, Minnesota. They are an SBA Preferred Lender, meaning they can approve loans without prior SBA review. Since 2020, they have approved 933 SBA 7(a) loans totaling $419.1M, with an average loan size of $449K. They serve businesses across 51 states.

About Stearns Bank National Association

Stearns Bank National Association is an SBA-approved lender headquartered in SAINT CLOUD, Minnesota. Since 2020, they have approved 933 SBA 7(a) loans totaling $419.1M, with an average loan size of $449K. As an SBA Preferred Lender, they have delegated authority to approve SBA loans without prior SBA review, resulting in faster processing times. They serve businesses across 51 states.

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Helpful SBA Borrower Guides

SBA 7(a) RequirementsDocuments ChecklistHow to Choose a Lender

Frequently Asked Questions

Is Stearns Bank National Association an SBA Preferred Lender?

Yes, Stearns Bank National Association is an SBA Preferred Lender (PLP). This means they have delegated authority from the SBA to approve loans without prior SBA review, resulting in faster approvals — typically 7–10 business days instead of 4–6 weeks.

How many SBA loans has Stearns Bank National Association approved?

According to SBA FOIA public records, Stearns Bank National Association has approved 933 SBA 7(a) loans totaling $419.1M since 2020. Their average loan size is $449K.

What states does Stearns Bank National Association serve?

Stearns Bank National Association serves businesses in 51 states: Alaska, Alabama, Arkansas, Arizona, California, Colorado, Connecticut, Washington D.C., Delaware, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Michigan, Minnesota, Missouri, Mississippi, Montana, North Carolina, North Dakota, Nebraska, New Hampshire, New Jersey, New Mexico, Nevada, New York, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, Vermont, Washington, Wisconsin, West Virginia, Wyoming.

How do I apply for an SBA loan with Stearns Bank National Association?

To apply for an SBA 7(a) loan with Stearns Bank National Association, contact them directly through the form on this page. Before applying, check your FICO SBSS score (the SBA's pre-screening score) and have your financial statements, business plan, and tax returns ready. Most SBA lenders require 2+ years in business, $100K+ annual revenue, and a personal credit score of 640+.

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