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Stability in uncertain times: Stearns Bank is the financial institution you can trust.

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Stability in Uncertain Times

Our Strength, Your Peace of Mind

Stearns Bank is the financial institution you can trust during these difficult times. As an experienced SBA lender, we can match you with programs for payment relief and safeguard your future. We are committed to personal service, listening to your needs, and creating a plan for your success.


Stearns Bank President and CEO Kelly Skalicky

"We continue to be credit-strong and keenly focused on maintaining high capital ratios, which positions us well to thrive in any economic condition. Our customers come first and we’re laser-focused on their success. Our customers know every Stearns Bank employee at every level will step up to deliver, helping navigate today’s challenges and welcoming the opportunity to serve and surpass expectations."

Lending Programs for COVID-19 Relief

Contact a Loan Expert

Immediate Payment Relief
of SBA 7(a) Loans

Businesses with current SBA loans can receive immediate payment relief through the CARES Act.

New SBA 7(a) or Express Loans with Payment Assistance

New loans available to assist with business needs – with payment assistance.

Immediate Payment Relief of SBA 7(a) Loans

Through the CARES Act, the SBA will pay six months of principal, interest and fees owed on current SBA 7(a) loans that are in regular servicing. Contact your SBA lender to confirm that your loan qualifies.

For existing borrowers on deferment: After the deferral period ends, the SBA will pay six months of principal, interest and any associated fees.

See frequently asked questions: Implementation of Section 1112 Act Subsidy for Certain Loan Payments.

Contact a Loan Expert


New SBA 7(a) or Express Loans

COVID-19 lockdowns and economic hardship have affected many businesses. If your business needs a loan to support expansion, renovation or other improvements, Stearns Bank can help you.

Through the CARES Act, any new SBA 7(a) or Express loan disbursed by Sept. 27, 2020, will be eligible for payment assistance by the SBA, including payment of principal and interest for six months.

Contact a Loan Expert

business owner at computer

Additional Resources

Economic Injury Disaster Loans

The SBA Economic Injury Disaster Loan (EIDL) program provides for a $10,000 loan advance that does not have to be repaid. Applications for EIDL loans are handled directly by the SBA.

State and Local Financial Assistance

State and local programs are available offering disaster loans and emergency grants. Various non-profits and private companies across the country have formed special emergency relief funds. The Small Business Relief Tracker from Forbes (updated May 22) has a comprehensive list of resources.

reviewing Paycheck Protection Program documents


Mobile and online banking puts you in control

StearnsConnect is your digital financial hub where you can link all your accounts, giving you 24-hour access to your accounts – all in one place. Our security and privacy features enable you to conduct your banking with confidence.

  • Check balances, transactions and deposits
  • View online statements
  • Pay bills and schedule payments with online bill pay
  • Set up email and text alerts
  • Find bank and ATM locations
Learn More

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