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Small Business Matters

The Stearns Bank Small Business blog has you covered from relevant industry topics to guidance on big business banking decisions. Read our latest articles that might give you the advice you’ve been looking for to help your small business succeed.

Aging Gracefully – Avoiding Equipment Obsolescence

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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California Optometrist Adjusts Patient Procedures To Prevent COVID-19

California Optometrist Adjusts Patient Procedures To Prevent COVID-19

Posted by: Stearns Bank on Jul 16, 2020

Medical practices, especially optical, dental and chiropractic practices, have changed the way they see patients due to the COVID-19 pandemic.

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Michigan Med Spa Owner Preps For Life After COVID

Michigan Med Spa Owner Preps For Life After COVID

Posted by: Stearns Bank on Apr 23, 2020

Revive Medical Spa owner Ardis Schmitt is hoping that her business will return to normal after COVID-19. That’s why she’s already prepping for reopening.

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Landscaping Company Adjusts To COVID-19’s Impact

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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Dairy Farmers Continue To Adapt To Renewable Energy

Dairy Farmers Continue To Adapt To Renewable Energy

Posted by: Stearns Bank on Mar 13, 2020

Dairy farmers are finding new ways to run their business more efficiently with renewable energy technology that is making a difference in their pocketbook.

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FedEx Contractor Finds Financing Source That Delivers For Him

FedEx Contractor Finds Financing Source That Delivers For Him

Posted by: Stearns Bank on Feb 28, 2019

“I was recommended to Stearns Bank because of its fantastic reputation. Right after we closed on my first deal, I financed a truck right after that.”

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Mutual Respect Creates Strong Financing Relationship For Landscaping Business

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

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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Optometrist Uses Section 179 Tax Deduction To Enhance Practice

Optometrist Uses Section 179 Tax Deduction To Enhance Practice

Posted by: Stearns Bank on Oct 12, 2018

By investing in new equipment for his practice, Elton feels like he was investing in himself in the long term.

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Six Ways Seasonal Businesses Can Manage Their Cash Flow

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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