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Six Industries That Can Benefit From Equipment Financing

Posted by: Stearns Bank on May 17, 2018

These six industries in particular can benefit from capital investment and equipment loans provided by a small business lender like Stearns Bank.

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How Small Business Owners Can Use Section 179

Posted by: Stearns Bank on May 11, 2018

The Tax Cuts and Jobs Act that passed in 2017 made significant changes to Section 179 and first-year bonus depreciation.

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Stearns Bank’s Reputation Continues To Grow In Optical Industry

Posted by: Stearns Bank on Apr 20, 2018

He always expects Stearns Bank’s financing team to be at every tradeshow he attends because of the reputation it has built up in the industry.

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Landscaping Business Beautifies Finances With Section 179

Posted by: Stearns Bank on Apr 12, 2018

Section 179 lets business owners deduct all (or part of) the cost of equipment that is purchased or financed and put into use before the end of the year.

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Why Succession Planning Can Make A Difference For Small Businesses

Posted by: Stearns Bank on Apr 05, 2018

Having a succession plan in place helps ensure your business can carry on even if there’s an unexpected loss at the top of your organization.

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Does Your Lender Offer Custom Payment Solutions?

Posted by: Stearns Bank on Mar 29, 2018

When a company finances an equipment purchase, the repayment schedule can be as important as any other factor.

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Tale of Two Farmers: Finance Equipment to Preserve LOC

Posted by: Stearns Bank on Mar 08, 2018

These stories show the importance of financing equipment purchases, while leaving LOC and cash for operational and personal expenses.

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Why The Right Equipment Has Benefits For Optical Practices

Posted by: Stearns Bank on Mar 02, 2018

Dr. Dubow, who has been a practicing optometrist for 43 years, started Insight Eye Care in Waite Park, Minnesota. He’s had his own practice in the St. Cloud (Minnesota) area since 1977.

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The Benefits Of An Ongoing Financing Relationship

Posted by: Stearns Bank on Feb 01, 2018

A business loan can be a brief transaction, with parties going their separate ways. However, there are great benefits to an ongoing financing relationship with your lender.

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