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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.

Seven Steps To Take In Franchising Your Business Concept

Seven Steps To Take In Franchising Your Business Concept

Posted by: Stearns Bank on Mar 21, 2019

So, what’s it going to take to make your small business a franchise concept? It will require self-evaluation, but also perseverance and patience.

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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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Military Runs Deep Through This Stearns Bank Family

Military Runs Deep Through This Stearns Bank Family

Posted by: Stearns Bank on Nov 08, 2018

Stearns Bank invites you to meet two of our military veterans. Adam and Markus both are account managers at the Stearns Bank Equipment Finance Division.

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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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Nine Steps To Follow When Acquiring A Business

Nine Steps To Follow When Acquiring A Business

Posted by: Stearns Bank on Aug 23, 2018

When you’re acquiring a business, everything revolves around planning.

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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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The Benefits Of An Ongoing Financing Relationship

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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