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Franchise

Doing the right research. Finding the right business model. Picking the right location. So much goes into becoming a franchise business owner. It requires self-evaluation, perseverance and patience. So why not work with a financial institution that specializes in franchise financing? 

SBA loans for franchise businesses

SBA Loans

We work with a variety of franchise models. If you want to start a franchise business, or purchase an existing franchise, our extensive SBA lending experience will help you reach your goal. Franchise owners appreciate Stearns Bank for its customized solutions, efficient loan approval process and sense of urgency. 

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Construction loans for franchise

Construction Loans

Your franchise won’t succeed unless you pick the right location. And, when you're moving into a new location, there is usually construction involved. Our in-house underwriting and approval process delivers a quick turnaround on cost-effective flexible financing. With access to key decision-makers, and a streamlined document process, we are able to facilitate an easy construction loan for you.

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BusinessSmart checking and market savings from Stearns Bank

Banking That Pays

Checking and savings accounts

Reach your business checking and savings goals faster with simple, smart and rewarding BusinessSmart™ accounts. Earn interest and cash back with the convenience of online and mobile banking.

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Papa Murphy’s Franchisee Finds A Believer In Stearns Bank

Papa Murphy’s Franchisee Finds A Believer In Stearns Bank

Joel Meyer
St. Cloud, MN

When Joel Meyer met Stearns Bank Vice President/Director of SBA Lending Tom Ethen, his dreams of becoming a Papa Murphy’s franchisee in St. Cloud, Minnesota, became a reality.

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Franchise Loan Team

Get in touch with Tom Ethen
Tom Ethen
VP Specialty Lending
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Get in touch with Tom Hosier
Tom Hosier
VP/Arizona Market Manager
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Get in touch with Derrick Meyer
Derrick Meyer
VP/Albany Branch Manager
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Get in touch with Al Schulz
Al Schulz
VP/Commercial Lender
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Get in touch with Douglas D'Aigle
Douglas D'Aigle
Market President/Commercial Lender
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Get in touch with Alex Wolter
Alex Wolter
SBA Commercial Lender
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Get in touch with Joshua Borgerding
Joshua Borgerding
SBA Commercial Lender
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Get in touch with Dylan Braun
Dylan Braun
AVP/SBA Lending Manager
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Get in touch with Cole Hendry
Cole Hendry
SBA Commercial Lender
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Get in touch with Janine Phillips
Janine Phillips
SBA Commercial Lender
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Get in touch with Josh Villa
Josh Villa
AVP/SBA Lending Manager
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Get in touch with Bill Schmidt
Bill Schmidt
SBA Commercial Lender
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Get in touch with Daniel Sedillo
Daniel Sedillo
VP/Commercial Loan Officer
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Get in touch with Kris Holm
Kris Holm
VP/SBA Commercial Loan Officer
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Get in touch with Katie Peterson
Katie Peterson
Commercial Lender
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Franchise Resources

5 Ways To Help Your Business Survive Tough Economic Times

07/11/2019
Read More

Five Steps to Evaluate Your Business’s Health

04/25/2019
Read More

Tactics for Handling Customer Complaints

04/18/2019
Read More

Seven Common Marketing Mistakes To Avoid For Your Small Business

04/11/2019
Read More

Break Even Analysis Calculator

The break even analysis calculator is designed to demonstrate how many units of your product must be sold to make a profit.
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Business Debt Consolidation Calculator

Should you consolidate your debt? This calculator is designed to help determine if debt consolidation is right for you.
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Commercial Loan Calculator

Use this calculator to estimate your debt service coverage with a new commercial loan.
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