USDA Rural Development Loans – How To Apply & Qualify
Posted by: Stearns Bank on Feb 22, 2021
Find out how to apply for USDA Rural Development Loans and what program might be right for you, including the Business & Industry Loan Guarantee Program.
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Aging Gracefully – Avoiding Equipment Obsolescence
Posted by: Stearns Bank on Dec 07, 2020
No matter the business, avoiding equipment obsolescence is not easy. One solution is to investigate the viability of equipment financing.
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Landscaping Company Adjusts To COVID-19’s Impact
Posted by: Stearns Bank on Apr 03, 2020
Rapid Robert Construction & Tree Services is advising its employees to practice social distancing while adjusting its cash flow to deal with COVID-19.
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Mutual Respect Creates Strong Financing Relationship For Landscaping Business
Posted by: Stearns Bank on Feb 07, 2019
The owners of Supreme Lawn and Landscaping in Waite Park were looking at switching financial institutions after becoming disenchanted with their bank.
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Used Equipment Offers Advantages For Diligent Buyers
Posted by: Stearns Bank on Jan 31, 2019
Whether bidding at a live or online auction, or visiting a local dealer, previously-owned equipment can be a big benefit for a small business owner.
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The Differences Between Equipment Finance Agreements And Simple Interest Loans
Posted by: Stearns Bank on Oct 05, 2018
Customers can be confused at times when trying to compare an EFA and a standard simple interest loan.
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Six Ways Seasonal Businesses Can Manage Their Cash Flow
Posted by: Stearns Bank on Aug 16, 2018
A small business may fail for many reasons – sluggish sales, start-up costs, competition. But the greatest challenge and cause of failure is cash flow.
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Technology Trends in Construction
Posted by: Stearns Bank on Jul 02, 2018
Bucking trends toward automation, construction firms still rely on labor and heavy equipment, with only marginal advances in technology.
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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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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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