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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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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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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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Funding A Business Acquisition And The Small Business Loan Program

Funding A Business Acquisition And The Small Business Loan Program

Posted by: Stearns Bank on Jun 21, 2018

The SBA Loan program can be beneficial for buyers who are interested in acquiring businesses that do not have sufficient tangible assets to meet the collateral requirements of traditional bank financing.

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Six Industries That Can Benefit From Equipment Financing

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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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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