# Stearns Bank SBA loans in Minnesota **Short answer:** SBA's loan file shows Stearns Bank made 71 SBA loans in Minnesota since October 2019. 71.8% went to businesses more than two years old, against 43.5% of its loans nationally. 15.5% were lines of credit, against 4.2% of its loans nationally. Canonical page: https://www.sbaexpress.loans/sba-express-lenders/stearns-bank/minnesota/ Data as of: 2026-06-30 This site is not Stearns Bank sbaexpress.loans is not Stearns Bank, and Stearns Bank did not provide, review or pay for this page. Janover Capital LLC runs this site. Every figure on this page comes from SBA's public 7(a) loan file, not from Stearns Bank. These are the 71 SBA 7(a) loans [Stearns Bank](https://www.sbaexpress.loans/sba-express-lenders/stearns-bank/) made in [Minnesota](https://www.sbaexpress.loans/minnesota-small-business-loans/) approved October 2019 to June 2026. Each figure is set against all of its loans in the U.S. over the same period. State is where the business is, not where the lender is based. The file lists loans SBA approved, so it shows what the lender has done and not what it will do for you. Every state page for this lender uses this same period, so the pages can be compared with each other. ## How Stearns Bank differs in Minnesota **What this means for you.** Most of these loans went to businesses with more than two years of history, so an operating record is what Stearns Bank usually saw. ### Established businesses 71.8% of the loans in Minnesota went to businesses more than two years old, against 43.5% of its loans nationally. In business more than 2 years, share of loans, Oct 2019 to Jun 2026 - Minnesota: 71.8% - All its U.S. loans: 43.5% ### Lines of credit 15.5% of the loans in Minnesota were lines of credit, against 4.2% of its loans nationally. Lines of credit, share of loans, Oct 2019 to Jun 2026 - Minnesota: 15.5% - All its U.S. loans: 4.2% ### Share of the state's loans Stearns Bank made 0.75% of the SBA loans approved in Minnesota since October 2019, against 0.27% of loans nationwide. Its share here is 2.7 times its national share. Share of all SBA loans, Oct 2019 to Jun 2026 - Minnesota: 0.75% - All its U.S. loans: 0.27% We compared 8 measures with the national figure for the same period, and these are the 3 that differ clearly. One more difference is in the table. ## Minnesota next to the U.S. **Minnesota compared with all of Stearns Bank's U.S. loans, October 2019 to June 2026** | Measure | Minnesota | All its U.S. loans | Reading | | --- | --- | --- | --- | | Lender's share of all SBA loans | 0.75% | 0.27% | Clearly higher | | Median loan | $250,000 | $225,000 | No clear gap | | Middle half of loans | $82,500 to $400,000 | $114,000 to $400,000 | – | | Startups (the loan opens the business) | 14.1% | 34.2% | Clearly lower | | In business 2 years or less | 8.5% | 7.6% | No clear gap | | In business more than 2 years | 71.8% | 43.5% | Clearly higher | | Change of ownership | Fewer than 5 | 12.8% | n/a | | SBA Express | 18.3% | 11.9% | No clear gap | | Lines of credit | 15.5% | 4.2% | Clearly higher | | Median term | 10 years | 10 years | – | | Median spread over Prime at approval | 2.5 points over Prime | 2.75 points over Prime | – | Clearly higher and clearly lower mark a gap large enough to matter and unlikely to be chance for this many loans. Spread over Prime is the rate at approval minus Prime that day, so it is not today's rate. Rows with a dash are shown for reference. ## What Stearns Bank lends to in Minnesota The industry below accounts for 7 of the 71 loans approved October 2019 to June 2026, or 9.9%. An industry is listed when it has 5 or more of them, five at most. **Top industries in Minnesota** | Industry | Loans | Share here | U.S. share | | --- | --- | --- | --- | | [Machine Shops](https://www.sbaexpress.loans/industries/machine-shops/) | 7 | 9.9% | Not in top 5 | Share here is the industry's share of the lender's loans in this state. U.S. share is its share of all the lender's loans nationally. Not in top 5 means it is not one of the lender's five most common industries. ## Other lenders in Minnesota Other lenders in Minnesota with a clear difference from the national pattern, most loans first. **Other lenders in Minnesota** | Lender | Loans since October 2019 | | --- | --- | | [The Huntington National Bank](https://www.sbaexpress.loans/sba-express-lenders/the-huntington-national-bank/minnesota/) | 630 | | [Old National Bank](https://www.sbaexpress.loans/sba-express-lenders/old-national-bank/minnesota/) | 455 | | [Wells Fargo Bank](https://www.sbaexpress.loans/sba-express-lenders/wells-fargo-bank/minnesota/) | 301 | | [Platinum Bank](https://www.sbaexpress.loans/sba-express-lenders/platinum-bank/minnesota/) | 216 | | [Falcon National Bank](https://www.sbaexpress.loans/sba-express-lenders/falcon-national-bank/minnesota/) | 212 | | [Hiawatha National Bank](https://www.sbaexpress.loans/sba-express-lenders/hiawatha-national-bank/minnesota/) | 134 | | [Magnifi Financial CU](https://www.sbaexpress.loans/sba-express-lenders/magnifi-financial-cu/minnesota/) | 132 | | [Bravera Bank](https://www.sbaexpress.loans/sba-express-lenders/bravera-bank/minnesota/) | 107 | How to read this Counts come from SBA's 7(a) loan-level data release, as of June 30, 2026. The file lists loans SBA approved. It does not list declined applications, so it cannot show approval odds. We do not publish any figure built on fewer than 5 loans. A lender's past loans do not describe its current credit policy. Location is the borrower's address in the file. Loans are those approved October 1, 2019 to June 30, 2026. SBA's fiscal year runs October 1 to September 30. Each figure is set against the national figure for the same period. A gap is called clear when it is large enough to matter and unlikely to be chance for this many loans. A comparison with no clear gap in the loans is not published. Express counts SBA Express and Export Express loans. Lines of credit are loans SBA's file flags as revolving. [How we build these pages](https://www.sbaexpress.loans/method/). ## Sources - [SBA 7(a) and 504 FOIA loan-level data, as of June 30, 2026](https://data.sba.gov/dataset/7a-504-foia)