Stearns Bank National Association
Headquartered in SAINT CLOUD, MN. Analysis based on 933 SBA 7(a) loans approved between FY2020 and 2025-12-31, totaling $419.1M.
Risk ranking: Among 65 lenders with 500+ mature SBA 7(a) loans (FY2020–FY2023),
Stearns Bank National Association ranks #46 by charge-off rate (2.39%).
Total 7(a) loans
933
Total approved
$419.1M
Average loan
$449K
States funded in
51
Charge-off rate
2.39%
FY2020–FY2023 cohort
Paid-in-full rate
46.15%
Average rate
8.99%
Average term
145 mo
Top 10 industries financed
| NAICS | Industry | Loans |
|---|---|---|
| 722513 | Limited-Service Restaurants | 63 |
| 713940 | Fitness and Recreational Sports Centers | 61 |
| 722515 | Snack and Nonalcoholic Beverage Bars | 29 |
| 722511 | Full-Service Restaurants | 28 |
| 811192 | Car Washes | 25 |
| 621310 | Offices of Chiropractors | 24 |
| 621320 | Offices of Optometrists | 23 |
| 812910 | Pet Care (except Veterinary) Services | 21 |
| 621340 | Offices of Physical, Occupational and Speech Therapists, and Audiologi | 18 |
| 492110 | Couriers | 18 |
Top 10 states
| State | Loans |
|---|---|
| TX | 99 |
| FL | 96 |
| CA | 92 |
| MN | 70 |
| NY | 41 |
| GA | 40 |
| CO | 32 |
| NC | 31 |
| OH | 30 |
| NJ | 30 |
Top franchise brands financed
320 franchise loans across 202 distinct brands.
| Franchise | Loans |
|---|---|
| F45 Training | 11 |
| Subway | 10 |
| Naturals2Go | 5 |
| Deka Lash | 5 |
| Keyrenter Property Managment | 5 |
| The UPS Store (f/k/a Mail Box | 5 |
| 9Round | 5 |
| Aussie Pet Mobil | 4 |
| Firehouse Subs | 4 |
| The Lash Lounge | 4 |
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Data source & methodology
All figures computed from the SBA Office of Capital Access FOIA dataset (7(a) loans, FY2020–present, as of 2025-12-31). Charge-off and paid-in-full rates are calculated on the FY2020–FY2023 cohort only, so loans have had time to mature. Charge-off rank covers lenders with ≥500 mature loans.