Stearns Bank National Association
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.
Provider names, logos, and trademarks displayed on this page belong to their respective owners and are used for identification purposes only. VerSquare is not affiliated with, endorsed by, or sponsored by Stearns Bank National Association unless otherwise indicated.
No Reviews Yet
Be the first to share your experience! Reviews help other buyers make informed decisions.
Data source: SBA 7(a) FOIA loan-level data, covering activity through June 30, 2026 across the trailing 3 years (35 loan records for this lender). Refreshed quarterly from public loan-level records; figures are not supplied or reviewed by the lender.
Stearns Bank National Association ranks #96 of 564 SBA 7(a) lenders nationally by acquisition-loan volume.
Most of Stearns Bank National Association’s 7(a) acquisition lending falls in the $0-$500K range: 20 loans, 57.1% of the portfolio.
| Loan size | Share of loans | Loans | % of portfolio |
|---|---|---|---|
| $0-$500K | 20 | 57.1% | |
| $500K-$1M | 9 | 25.7% | |
| $1M-$2M | 4 | 11.4% | |
| $2M-$3M | 2 | 5.7% |
Industries with highest loan volume
Full-Service Restaurants
4
loans
$432K
avg. amount
Other Services to Buildings and Dwellings
3
loans
$596K
avg. amount
Car Washes
3
loans
$1.4M
avg. amount
Home Health Care Services
2
loans
$570K
avg. amount
Local Messengers and Local Delivery
1
loans
$350K
avg. amount
Snack and Nonalcoholic Beverage Bars
1
loans
$695K
avg. amount
Nursing Care Facilities (Skilled Nursing Facilities)
1
loans
$1.9M
avg. amount
Nail Salons
1
loans
$392K
avg. amount
Limited-Service Restaurants
1
loans
$150K
avg. amount
Sewing, Needlework, and Piece Goods Retailers
1
loans
$995K
avg. amount
10-Year
6.6%
Percentile Ranking
96th
96th percentile
Stearns Bank National Association’s median variable rate is + 2.75%, against a market median of Prime + 1.88%, 88 above market.
It priced below the market median in 0 of the last 8 quarters. 1 of the 35 loans in its trailing three-year book carried a fixed rate; the rest were variable.
| Loan Size | Avg Rate |
|---|---|
| $0-$500K | Prime + 2.64% |
| $500K-$1M | Prime + 2.44% |
| $1M-$2M | Prime + 2.33% |
| $2M-$3M | Prime + 2.25% |
over at time of loan origination
| Quarter | This lender | Market median | Market range | Loans |
|---|---|---|---|---|
| Q2 '18 | Prime + 2.75% | Prime + 2.00% | Prime + 1.50% – Prime + 2.50% | 15 |
| Q3 '18 | Prime + 2.75% | Prime + 2.00% | Prime + 1.25% – Prime + 2.50% | 15 |
| Q4 '18 | Prime + 2.75% | Prime + 2.00% | Prime + 1.50% – Prime + 2.50% | 9 |
| Q1 '19 | Prime + 2.75% | Prime + 2.00% | Prime + 1.25% – Prime + 2.50% | 8 |
| Q2 '19 | Prime + 2.75% | Prime + 2.00% | Prime + 1.50% – Prime + 2.50% | 16 |
| Q3 '19 | Prime + 2.75% | Prime + 2.00% | Prime + 1.50% – Prime + 2.50% | 16 |
| Q4 '19 | Prime + 2.75% | Prime + 2.00% | Prime + 1.50% – Prime + 2.50% | 14 |
| Q3 '24 | Prime + 2.00% | Prime + 2.00% | Prime + 1.25% – Prime + 2.50% | 3 |
Stearns Bank National Association has originated 7(a) acquisition loans in 18 states, most actively in Texas (6), California (4) and Pennsylvania (3). Darker states on the map carry more volume.
| State | Loans | % of Total |
|---|---|---|
| Texas | 6 | 17.1% |
| California | 4 | 11.4% |
| Pennsylvania | 3 | 8.6% |
| Ohio | 3 | 8.6% |
| Illinois | 2 | 5.7% |
| New Jersey | 2 | 5.7% |
| Connecticut | 2 | 5.7% |
| Louisiana | 2 | 5.7% |
| Florida | 2 | 5.7% |
| Wisconsin | 1 | 2.9% |
| Georgia | 1 | 2.9% |
| Indiana | 1 | 2.9% |
| Wyoming | 1 | 2.9% |
| South Carolina | 1 | 2.9% |
| Minnesota | 1 | 2.9% |
| Colorado | 1 | 2.9% |
| Montana | 1 | 2.9% |
| Iowa | 1 | 2.9% |
Claim this profile to manage your information, respond to reviews, and access analytics.