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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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Franchise construction loan

Construction Loans

Your franchise won’t succeed unless you pick the right location. And, when moving into a new location, construction typically is required. Our in-house underwriting and approval process delivers quick turnaround on cost-effective, flexible financing. With access to key decision makers and a streamlined documentation process, we can deliver loan approval and funding on your timeline.

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SBA 504 Loan Program

SBA 504 Debt Refinancing Program

The SBA 504 Debt Refinancing Program allows franchise owners to refinance their current real estate loan or commercial mortgage, and consolidate debt at a fixed interest rate. Reduced monthly payments and cash-out options allow you to cover operating costs and reinvest in future growth.

As a Preferred SBA Lender, Stearns Bank can explain financing options and help you obtain the right loan for your needs.

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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 Joshua Borgerding
Joshua Borgerding
AVP, Commercial Lender
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Get in touch with Felicia Dawson
Felicia Dawson
SBA Lender
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Get in touch with Nick Wall
Nick Wall
SBA Lender
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Franchise Resources

Commercial Loan Calculator

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