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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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How A Stearns Financing Relationship Turned Into a Friendship

How A Stearns Financing Relationship Turned Into a Friendship

Mike and DeNae Hiltner
Waite Park, MN

The Hiltners were starting a Great Harvest Bread Co. store and were looking to purchase land to start the business in the St. Cloud (Minnesota) area. Initially, finding financing wasn’t easy for them.

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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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Franchise Loan Team

Get in touch with Tom Ethen
Tom Ethen
VP Commercial Lending
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Get in touch with Daniel Sedillo
Daniel Sedillo
VP/Commercial Loan Officer
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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 Al Schulz
Al Schulz
VP/Commercial Lender
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Get in touch with Brent Lundell
Brent Lundell
VP Business Development Officer
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Get in touch with Katie Peterson
Katie Peterson
Commercial Lender
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Get in touch with Steve Wildt
Steve Wildt
Commercial Lender
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Get in touch with Victoria Freeney
Victoria Freeney
Commercial Lender
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Franchise Resources

Stearns Bank Lender Lays Out Cost Scenarios For Starting Up A Business

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5 Ways To Help Your Business Survive Tough Economic Times

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Five Steps to Evaluate Your Business’s Health

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Tactics for Handling Customer Complaints

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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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