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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.

The Benefits of Getting Financing for Small Business Equipment

The Benefits of Getting Financing for Small Business Equipment

Posted by: Stearns Bank on Jul 13, 2022

Grow your business quickly with financing from Stearns Bank. We craft small business equipment loans to fit your business & its goals!

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Equipment Finance Agreements and Simple Interest Loans: What Makes Them Different?

Equipment Finance Agreements and Simple Interest Loans: What Makes Them Different?

Posted by: Stearns Bank on Jan 11, 2022

Customers can be confused at times when trying to compare an EFA and a standard simple interest loan.

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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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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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Financing Terms Every Small Business Owner Should Know

Financing Terms Every Small Business Owner Should Know

Posted by: Stearns Bank on Jul 12, 2018

Key business financing terms everybody in the small business world needs to know.

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How Small Business Owners Can Use Section 179

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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Does Your Lender Offer Custom Payment Solutions?

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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