Bank · Saint Cloud, MN
Stearns Bank
Made 35 SBA 7(a) change-of-ownership loans totaling $23.2M in FY2024 to FY2026: #95 of 1,054 lenders by loans and #150 by dollars. Lends in 18 states. Part of Stearns Finl Services Employee Stk Ownership Plan.
#95by loans, FY24–26
35loans
$23.2Mapproved
$400Kmedian loan
Full legal name: Stearns Bank National Association.
Volume
By fiscal year
Share of all loans = this lender’s loans as a share of every SBA acquisition loan that year.
| Fiscal year | Loans | Dollars | Median | Share of all loans |
|---|---|---|---|---|
| FY2024 | 16 | $14.4M | $688K | 0.3% |
| FY2025 | 10 | $6.3M | $442K | 0.1% |
| FY2026 | 9 | $2.5M | $350K | 0.1% |
Loan size
Deal size mix
14% of its loans were $1M or more.
- Under $350K12 loans · 34% · $2.2M
- $350K to $1M18 loans · 51% · $11.0M
- $1M to $2M3 loans · 9% · $5.2M
- $2M to $5M2 loans · 6% · $4.8M
Where the money goes
Top industries
| Industry | Loans | Dollars |
|---|---|---|
| Accommodation & Food Services | 7 | $2.9M |
| Health Care & Social Assistance | 6 | $4.7M |
| Other Services | 6 | $3.8M |
| Administrative & Support, Waste Mgmt | 5 | $2.3M |
| Transportation & Warehousing | 3 | $1.4M |
| Retail Trade | 3 | $3.1M |
| Real Estate & Rental & Leasing | 2 | $2.5M |
| Information | 1 | $2.0M |
Business location
Top states
| Business state | Loans | Dollars |
|---|---|---|
| Texas | 6 | $4.2M |
| California | 4 | $1.8M |
| Pennsylvania | 3 | $5.4M |
| Ohio | 3 | $1.7M |
| New Jersey | 2 | $500K |
| Connecticut | 2 | $1.1M |
| Louisiana | 2 | $1.3M |
| Illinois | 2 | $1.9M |
Keep exploring
Related pages
Top lenders in its top states
Its top industries and deal size
Lenders of similar size
Guides and rankings
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