USDA Rural Development

Small business has big potential with a USDA Rural Development loan

Stearns Bank is a USDA Multi-State Lender, a distinction earned by a select group of banks. Your financing project will be handled efficiently by our expert lending staff. Our experience with government loan programs ensures that issues are resolved promptly and agency requirements are satisfied. We are a full-service bank and can lend anywhere in the country.

USDA Rural Development Loan from Stearns Bank

Rural Roots, Personal Service

Stearns Bank was founded in rural Minnesota. We have financed small business growth and revitalized rural areas for decades through USDA lending. We remain focused on economic growth, job creation and vitality through industry and economic development in rural America.

We’ll personally get to know you and your project. With creativity and a sense of urgency, we will develop customized financing solutions that fit your needs and timeline.

USDA rural development loan for rural communities

Determining Eligibility

USDA Multi-State Lender for USDA rural development loans

USDA lending is designed to help rural businesses access capital, stimulate rural economies, and create and preserve jobs. As a USDA Multi-State Lender, Stearns Bank can process your USDA loan directly with federal agencies. This enables us to move fast and avoid delays at the local level.

Whether you’re expanding, relocating, starting new or exploring renewable options, you can determine your USDA loan eligibility on the USDA Rural Development eligibility and mapping tool.

USDA Rural Development Loan eligibility map and tool

USDA Lending Programs

Stearns Bank is recognized for our experience in government rural financing programs and will work effectively with all parties to manage the financing approval process on your timeline. The USDA is committed to growing investments in rural America through the OneRD Guarantee Loan Initiative.

Business & Industry

Financing for rural businesses in cities with a population of less than 50,000, including for-profit, nonprofits, co-ops, federally recognized tribes and public bodies.

Rural Energy America Program (REAP)

Provides financing to agricultural producers and rural small businesses to purchase or install renewable energy systems or make energy efficiency improvements.

Community Facilities

Provides financing to develop community facilities – those that provide essential services to the local community within a primarily rural area.

Water and Waste Disposal

Provides financing to improve access to clean, reliable water and waste disposal systems for households and businesses in rural areas.

The Stearns Bank Difference

National USDA Multi-State Lender
Personal service, collaborative approach
Creative solutions, flexible process
Full-service bank - deposits, cash management, equipment financing
Experience in small business and rural communities
Fast decisions and prompt answers

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.