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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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The 6 Questions You Should Ask Yourself Before Financing Equipment

The 6 Questions You Should Ask Yourself Before Financing Equipment

Posted by: Stearns Bank on Oct 15, 2020

These key questions are important to consider before signing an equipment financing agreement, especially if you’re just beginning your research.

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Business Planning For Manufacturers In A Post-Pandemic Economy

Business Planning For Manufacturers In A Post-Pandemic Economy

Posted by: Stearns Bank on Aug 24, 2020

Manufacturing businesses are facing issues with planning during the COVID-19 pandemic. Here are some tips on how to deal with the unexpected.

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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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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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The Differences Between Equipment Finance Agreements And Simple Interest Loans

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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The Basic Process To Apply For Equipment Financing

The Basic Process To Apply For Equipment Financing

Posted by: Stearns Bank on Sep 27, 2018

Advice to prepare if you’re applying for equipment financing with a financial institution, especially buying equipment for your small business.

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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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Technology Trends in Construction

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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