Stearns Bank National Association
- Loans
- 17
- Approved
- $8M
- Median deal
- $350,000
- Median rate
- 9.75%
#121 of 249 by loans, FY2025 to FY2026 Q3
gross approvals
national $709,300
national 9.25% at approval
Loans per fiscal year
FY2026 is partial: 5 loans approved through June 30, 2026.
| Fiscal year | Loans |
|---|---|
| FY2020 | 69 |
| FY2021 | 9 |
| FY2022 | 4 |
| FY2023 | 8 |
| FY2024 | 16 |
| FY2025 | 12 |
| FY2026 (partial year, through June 30, 2026) | 5 |
How they lend
Across 17 change-of-ownership loans, FY2025 to FY2026 Q3.
Acquisition share of their 7(a) lending
Acquisitions 123 (12.5%)Other purposes 859 (87.5%)
Their full 7(a) book since FY2020 is 982 loans. Every other figure on this page counts the 123 acquisition loans only.
Initial rate structure
Variable 100.00%Fixed 0.00%
- Middle half of rates
- 9.50% to 10.25%
- Typical margin over Prime
- Prime + 2.50% at approval (17 variable loans)
- Median term
- 120 months
- Collateral reported
- 100.00% of loans
- Sold on the secondary market
- 58.82% of loans
- Franchise loans
- 23.53% of loans
- Approval to first disbursement
- 11 days (n = 15)
Processing method
| Preferred Lenders Program | 100.00% |
SBA processing-method labels as they appear in the loan file, as shares of this lender’s window loans.
What they fund
Industries and deal sizes across 17 change-of-ownership loans, FY2025 to FY2026 Q3.
Top industries
| Accommodation and Food Services | 29.41% | |
| Health Care and Social Assistance | 29.41% | |
| Other Services (except Public Administration) | 17.65% | |
| Transportation and Warehousing | 11.76% | |
| Administrative and Support and Waste Management and Remediation Services | 5.88% |
Deal size mix
Under $350K 58.82%$350K to $1M 35.29%$1M to $3.5M 5.88%$3.5M+ 0.00%
Sectors from each loan’s NAICS code; deal sizes from gross approval amounts. Window loans only.
Where they lend
Top states by this lender’s change-of-ownership loans, FY2025 to FY2026 Q3.
- Louisiana3 loans
- Georgia2 loans
- Ohio2 loans
- Texas2 loans
- California1 loan
Grouped by ProjectState. State names link to the state lender pages where one exists.
Run a deal at these rates
The deal analyzer prices an acquisition with current SBA terms and shows whether the numbers cover the debt.
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Every 7(a) acquisition lender in the country, searchable and sortable, with loan counts, medians, and rates.
Browse all lendersSource: SBA 7(a) FOIA file, change-of-ownership loans for Stearns Bank National Association. Window stats cover FY2025 to FY2026 Q3, as of June 30, 2026, and refresh with each quarterly cut. Rates and rate quartiles are the rates at approval. Website, headquarters, assets, founding year, and office count come from the FDIC BankFind Suite API and, for credit unions, the NCUA Credit Union Locator (public US government data). Methodology. See an error? Email us and we will correct it.