Limited-Time SBA Loan Savings
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We're celebrating small businesses with special savings on SBA loans closed by the end of 2023. Qualify May 1 – June 30, 2023.
Business Banking
High-yield savings, checking and CD solutions
Maximize your earning potential with accounts designed to help your business. At Stearns Bank, we deliver highly competitive rates, convenient access, extended FDIC protection, and people who are always ready to assist you.
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We serve customers nationwide, but we’re proud to be named “Best Bank” and “Best Ag Lender” in our home state of Minnesota, two years in a row, by readers of the Star Tribune. |
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BusinessSmart Market Savings
In business, and in life, saving for the unexpected and for the next big goal is essential. Prepare your business and protect your personal savings with an FDIC-insured BusinessSmart market savings account. It earns interest, has no hidden fees and no minimum balance.
See our blog: 5 Reasons to Separate Your Savings Accounts
BusinessSmart Checking
Adaptability and accessibility matter more than ever. Make cash flow simple and successful with an FDIC-insured BusinessSmart™ checking account. It moves with your business, earns interest and cash back, and has no hidden fees.
BusinessEssentials Checking
Say goodbye to the fees of traditional business checking. Designed for your high-balance or transaction-heavy business.
*The $20 monthly statement credit is conditioned upon the $25,000 average minimum monthly balance being satisfied and is available for the first 36 months after account opening. Available to new BusinessEssentials checking account customers that also open a new equipment finance or loan contract between 02/01/2023 and 06/30/2023.
**Based on average monthly balance per business account. Deposits held in a different name from the business or by a different business entity cannot be aggregated to satisfy the minimum balance requirement. We total the average monthly balance by adding the average daily balances (calculated by totaling the balances in your account at the end of each day for the statement period), divided by the number of days in the statement period. If business customer does not satisfy the average monthly minimum balance of $25,000, a flat monthly fee of $100 shall apply.
Certificates of Deposit
Setting money aside today has its long-term benefits. An FDIC-insured CD with simple term options can maximize your business deposits. Watch interest grow over the life of the CD with the innovative StearnsConnect online banking service.
See our blog: CDs vs. Savings Accounts: Which One Is Right For You?
Business Cash Management Tools
Cash management tools make it easier for your customers to do business with you. Make them happy, repeat customers by offering them convenient payment options like remote deposit, ACH transactions, wire transfers, mobile deposits and Bill Pay.
See our blog: Merchant Services Deliver on Convenience and Security
Autobooks
Get paid faster
Autobooks is an online service that makes it easy for customers to pay you and efficiently manage your accounts receivable.
- Send invoices directly to your customer's inbox
- Accept on-the-spot electronic payments
- Offer convenient online payment options
- Deposit payments directly into your checking account
- Review customer payment activity – who has paid, who still owes money
Send yourself a sample invoice, schedule a 10-minute demo and more.
Small Business Loans
Financing to fuel your growth
The thinkers, movers and changers across the United States continue making the world more connected and productive. Through start-ups, acquisitions, remodels, expansions and so much more, we're proud to be part of your success story.
Fraud: What Experts Need You to Know
Online shopping, remote business operations, digital currency exchange – these are exciting and convenient times. However, if we’re not careful, online convenience can become a fraudster’s playground.
Our experts track fraud trends and the latest prevention measures to keep you safe. Learn what to watch for and how to avoid becoming a victim with fraud notices and our Fraud Friday video series.
The Stearns Bank Difference
Recognized national top-performing bank- Well-positioned for any economic climate
- Employee-owned, customer-driven
- Personal service from real people
- Guidance from dedicated experts
- Nationwide lending and banking services
Stearns Bank Awards
At Stearns Bank, our personal service, sense of urgency, strong financial management and consistent performance are recognized nationally.
Recognized as one of the top-performing banks in the nation by Independent Community Bankers of America.
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Listed among the Monitor 100 largest equipment finance companies.
Ranked in the top 20 on American Banker's Best Banks to Work For Listing.
Named Minnesota’s Best Bank & Best Ag Lender, two years in a row, by readers of the Star Tribune.
Small Business Matters
Financing Terms Every Small Business Owner Should Know
Discover the top financing terms every small business owner should know, from SBA loans to business lines of credit.
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Bank Anytime, Anywhere
Whether you're on the go or taking care of business in the middle of the night, online and mobile banking through StearnsConnect puts the when and where of finances into your hands.
- Check balances, transactions and deposits
- Customize email and text alerts
- View online statements
- Transfer funds
- Pay bills and schedule payments
