Stearns Bank National Association

This is a comprehensive SBA lender offering various loan programs to help small businesses grow and succeed. You can find information about loan options, application processes, and support services tailored to your business needs.

It's recommended to schedule an appointment to ensure dedicated assistance, but walk-ins may be accommodated depending on staff availability. Contact the bank ahead of time for the best experience.

The bank typically operates from 8:30 AM to 5:00 PM, Monday through Friday. It's advisable to confirm hours directly with the branch before visiting.

There are no fees for accessing general information, but loan application processes may involve standard SBA and bank fees, including guarantee and closing costs.

This lender primarily serves small and medium-sized businesses across the United States, regardless of residency, as long as eligibility criteria are met.

A minimum personal credit score of 620 is generally preferred, though higher scores improve approval chances.

The underwriting process typically takes between 30 to 45 days, depending on the complexity of the loan and completeness of the application.

Most banks keep weekday business hours and are closed on weekends, and Stearns Bank National Association typically follows the same pattern. SBA lending staff are generally reachable Monday through Friday. A few locations offer Saturday or by-appointment hours, so call Stearns Bank National Association to confirm current weekend availability before you go.

Stearns Bank National Association is located in Minnesota — see the contact card for the full address. Most bank locations offer free on-site or nearby street parking for visitors. For exact directions, the entrance, and accessible parking, use the listed address or call ahead and staff can point you to visitor spaces.

This page is an independent directory listing for Stearns Bank National Association, an SBA-participating bank. It is maintained by SBA Lenders USA to help borrowers compare lenders — not by Stearns Bank National Association itself, which runs its own lending under its own ownership. If you work at Stearns Bank National Association, you can claim this listing from this page to manage it.

The core details for Stearns Bank National Association — name, location, contact, and lender type — are compiled from public records and reviewed periodically. Rates, programs, credit policies, and hours change often and are not guaranteed here, so always confirm the latest terms directly with Stearns Bank National Association before applying. If you represent Stearns Bank National Association, claim this listing to keep its information up to date.

You can reach Stearns Bank National Association by phone at (320) 253-6607 or online at stearnsbank.com — the details are in the contact card on this page. For SBA loans specifically, ask for their business lending or SBA department. Treat this directory page as a starting point and confirm hours and contact details with Stearns Bank National Association before relying on them.

Based on its approved SBA loans, Stearns Bank National Association most often finances businesses in restaurants & food service, salons, spas & personal care, fitness & recreation, medical practices & clinics, general retail, and construction & contractors. This reflects Stearns Bank National Association's real SBA 7(a) and 504 lending history rather than a stated policy — it can still consider other industries and sets its own current preferences, so confirm with Stearns Bank National Association which sectors it actively lends to before you apply.

SBA Express offers lines of credit and term loans up to $500,000 with a faster turnaround than standard 7(a) loans. Whether Stearns Bank National Association participates in SBA Express depends on its specific SBA lending authority. Contact Stearns Bank National Association and ask if it offers SBA Express and what the current limits and terms look like for your situation.

SBA Preferred Lender Program (PLP) status lets a lender approve loans in-house without sending each one to the SBA first, which usually means faster decisions. Many established banks hold PLP status, but it varies by institution. Stearns Bank National Association can confirm its current PLP standing — ask before you apply if speed matters to you.

The SBA does fund start-ups, but many traditional lenders prefer at least two years of operating history and may ask newer ventures for a larger equity injection or stronger collateral. Stearns Bank National Association's appetite for start-ups is set by its own credit policy. If you are early-stage or pre-revenue, ask Stearns Bank National Association directly whether it considers start-up loans.

For SBA 7(a) and 504 commercial real estate loans, borrowers typically contribute around 10% to 20% as a down payment or equity injection, depending on the property and the deal. Exact requirements vary with your credit, the business, and the lender's policy. Ask Stearns Bank National Association what down payment it expects for your specific commercial real estate purchase.

SBA 7(a) loans with terms under 15 years generally carry no prepayment penalty, while longer real estate loans can have one in the early years. Short-term working capital lines often have no penalty, but terms vary by lender. Review your loan agreement and ask Stearns Bank National Association to spell out any prepayment penalties before you sign.

SBA loans can be used for a partner or owner buyout, including buying out an existing equity partner, when the deal is structured to meet SBA rules — for example, the remaining owner generally must stay actively involved. Approval depends on the specifics, so discuss your buyout plan with Stearns Bank National Association to confirm it qualifies and how to document it.

A past personal bankruptcy does not automatically disqualify you from an SBA loan. Lenders look at how long ago it was discharged, the circumstances, and how your credit has recovered since. Stearns Bank National Association weighs this case by case under its own policy, so be upfront about your history and ask Stearns Bank National Association how it evaluates prior bankruptcies.