Stearns Bank is our #12 ranked SBA lender based on SBA loan volume from last year.
Currently, Stearns Bank is accepting Payroll Protection Program (PPP) loan applications from current customers. Stearns’ website is silent as to whether they are currently taking PPP loan applications from non-customers, so if you aren’t a customer you may want to ask to see if you can apply. Most banks who are only taking PPP SBA loan applications usually explicitly state that position.
States where this bank has done traditional 7(a) SBA loans in the past year (note: traditional 7(a) loans are different than SBA CARES Act/PPP loans):