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BreadRoute Review
Stearns Bank
4.0Our Stearns Bank Review
Stearns Bank is an employee-owned commercial bank headquartered in Saint Cloud, MN, lending to small and mid-sized businesses across Minnesota, Florida, Arizona, and beyond. Its product lineup is broad: SBA 7(a), SBA 504, and SBA Express loans, USDA Business and Industry loans, equipment financing, commercial real estate, construction finance, accounts receivable financing, inventory financing, lines of credit, term loans, and working capital. Financing runs from $10,000 to $10 million or more. Qualifiers include a 670 minimum credit score, $10,000 in monthly revenue, and two years in business. A standout specialty: Salaam Banking, an interest-free financing structure for businesses seeking Islamic finance options — uncommon among banks of this size. Well suited for established businesses pursuing government-backed loans or specialty financing structures.
Who Is Stearns Bank Best For?
Based on eligibility requirements and available products.
- Businesses that need equipment or machinery financing
- B2B businesses with outstanding invoices to unlock
- Established businesses that qualify for SBA programs
- Businesses with commercial real estate financing needs
Financing Options
Eligibility Requirements
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Quick Overview
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Other Commercial Bank lenders
Stearns Bank Pros & Cons
Pros
- Lends nationwide
- High loan amounts available
- Wide range of financing products
Cons
- Requires $10,000+ in monthly revenue
- Requires 2 Years in business
Frequently Asked Questions
Stearns Bank offers financing in the range of $10,000 to $10+ Million.
Stearns Bank typically requires a minimum credit score of 670. Businesses with scores above this threshold are more likely to qualify for favorable terms.
Stearns Bank offers the following financing products: Equipment Finance, USDA Business and Industry, Accounts Receivable, Construction Finance, Working Capital, SBA 7(a), Commercial Real Estate Financing, Inventory Financing, SBA 504, SBA Express, Line of Credit, Term Loan.
Stearns Bank requires a minimum of 2 Years in business. Newer businesses may want to explore alternative lenders with lower seasoning requirements.
Stearns Bank provides financing to businesses across the United States.
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