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Stearns Bank National Association is a Minnesota-based financial institution headquartered in Saint Cloud with approximately $3.55 billion in assets. The bank specializes in commercial lending, SBA loans, USDA financing, and small business equipment financing with locations in Minnesota, Arizona, and Florida. Founded in 1912, it is recognized as one of the nation's highest-performing banks.
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SBA 7(a) Acquisition Loan Data As Of March 31, 2026
Last 12 Months
Last 3 Years
YoY Growth
low activity
As Of March 31, 2026
Median
$396K
Average
$650K
Sweet Spot
$0-$500K
Industries with highest loan volume
Other Services to Buildings and Dwellings
5
loans
$484K
avg. amount
Other Services to Buildings and Dwellings
Loans
5
Avg. Amount
$484K
Home Health Care Services
4
loans
$410K
avg. amount
Home Health Care Services
Loans
4
Avg. Amount
$410K
Car Washes
3
loans
$1.4M
avg. amount
Car Washes
Loans
3
Avg. Amount
$1.4M
Full-Service Restaurants
3
loans
$445K
avg. amount
Full-Service Restaurants
Loans
3
Avg. Amount
$445K
Beauty Salons
3
loans
$150K
avg. amount
Beauty Salons
Loans
3
Avg. Amount
$150K
Janitorial Services
2
loans
$325K
avg. amount
Janitorial Services
Loans
2
Avg. Amount
$325K
Snack and Nonalcoholic Beverage Bars
2
loans
$695K
avg. amount
Snack and Nonalcoholic Beverage Bars
Loans
2
Avg. Amount
$695K
Drinking Places (Alcoholic Beverages)
1
loans
$700K
avg. amount
Drinking Places (Alcoholic Beverages)
Loans
1
Avg. Amount
$700K
Couriers and Express Delivery Services
1
loans
$535K
avg. amount
Couriers and Express Delivery Services
Loans
1
Avg. Amount
$535K
Nail Salons
1
loans
$392K
avg. amount
Nail Salons
Loans
1
Avg. Amount
$392K
10-Year Default Rate
5.5%
Percentile Ranking
95th
95th percentile
This Lender
Market Average
| Loan Size | Avg Rate |
|---|---|
| $0-$500K | Prime + 2.45% |
| $500K-$1M | Prime + 2.45% |
| $1M-$2M | Prime + 2.33% |
| $2M-$3M | Prime + 2.25% |
Spread over Prime at time of loan origination
As Of March 31, 2026 - States by loan volume (darker blue = higher volume)
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