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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
$458K
Average
$723K
Sweet Spot
$0-$500K
Industries with highest loan volume
Other Services to Buildings and Dwellings
4
loans
$526K
avg. amount
Other Services to Buildings and Dwellings
4
loans
$526K
avg
Full-Service Restaurants
3
loans
$445K
avg. amount
Full-Service Restaurants
3
loans
$445K
avg
Car Washes
3
loans
$1.4M
avg. amount
Car Washes
3
loans
$1.4M
avg
Home Health Care Services
2
loans
$570K
avg. amount
Home Health Care Services
2
loans
$570K
avg
Beauty Salons
1
loans
$150K
avg. amount
Beauty Salons
1
loans
$150K
avg
Nursing Care Facilities (Skilled Nursing Facilities)
1
loans
$1.9M
avg. amount
Nursing Care Facilities (Skilled Nursing Facilities)
1
loans
$1.9M
avg
Drinking Places (Alcoholic Beverages)
1
loans
$700K
avg. amount
Drinking Places (Alcoholic Beverages)
1
loans
$700K
avg
Assisted Living Facilities for the Elderly
1
loans
$345K
avg. amount
Assisted Living Facilities for the Elderly
1
loans
$345K
avg
Offices of Physical, Occupational and Speech Therapists, and Audiologists
1
loans
$927K
avg. amount
Offices of Physical, Occupational and Speech Therapists, and Audiologists
1
loans
$927K
avg
All Other Miscellaneous Waste Management Services
1
loans
$150K
avg. amount
All Other Miscellaneous Waste Management Services
1
loans
$150K
avg
10-Year Default Rate
6.2%
Percentile Ranking
96th
96th percentile
| Loan Size | Avg Rate |
|---|---|
| $0-$500K | Prime + 2.58% |
| $500K-$1M | Prime + 2.44% |
| $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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