Affordable Housing Finance
Safe, secure, affordable housing provides a foundation that allows individuals, families, and communities to thrive. Our experience in the Low-Income Housing Tax Credit (LIHTC) arena has shown us what a worthwhile program it is. We have financed more than $1 billion in affordable housing loans since the program began in the 1980s.
An Understanding Of LIHTC
LIHTC provides tax credits to private investors to support the development of affordable, multifamily housing in areas of need. In today's market, securing your equity partner and locking in construction costs are key to a successful project. We can make an affordable housing loan work on your timeline.
Revived Iron Auto Repair
Small-town life suited Dallas Nestvold when he decided to start Revived Iron Auto Repair in Stacy, Minnesota. A small-town approach to business loans from Stearns Bank also met his needs when he was looking for an SBA loan.See Full Story More Customer Success Stories
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.