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Stearns Bank

Listed
Bank for equipment financingSaint Cloud, MinnesotaFlorida and Minnesota
BBLL 000198Listed Oct 2026From public recordsLast checked Oct 31, 2026
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About

Stearns Bank finances equipment through conditional sales contracts and leases, with customized payment schedules. Its published early-payoff explanation is particularly important: no penalty does not mean the remaining contracted payments disappear.

Bank. Lends to businesses from its own deposits.

This entry starts from public records. The lender fills in the rest when it claims the entry, which is free.

What they lend

Equipment financing
From the lender's own site and public records.

A second look at Stearns Bank

Stearns Bank finances equipment through conditional sales contracts and leases, with customized payment schedules. Its published early-payoff explanation is particularly important: no penalty does not mean the remaining contracted payments disappear.

Stearns Bank N.A. provides equipment financing directly and through broker and dealer relationships. Its equipment FAQ identifies the bank as lender or lessor and requires it to be named on equipment insurance.

Published by Levr, not by Stearns Bank. This is a source-based profile and editorial assessment, not customer reviews or a promise of approval. Sources checked October 31, 2026.

Visit the official provider website →

Programs and published requirements

Compare the specific program and legal funding entity on your offer. Advertised limits and minimums do not guarantee eligibility or your price.

Equipment contracts and leases

Structure and title
A conditional sales contract transfers legal ownership after full final payment. A lease may offer return, renewal or purchase at its end.
Payments
Delayed, seasonal, step and other customized schedules are offered. The conditional sales contract is not a simple-interest loan.
Early payoff
No early-payoff penalty is assessed on conditional sales contracts or leases, but the FAQ says customers agree to the entire contracted payment stream. Extra payments are applied to future payments.
Guarantees and insurance
A majority owner typically guarantees the debt. Equipment insurance is required; bank-arranged protection costs are passed to the customer if proof of coverage is not provided.
Published limits
The reviewed core program pages do not specify universal amount, score, business-age or rate limits.

Provider sources: Equipment financing and contract FAQ

Broker and dealer programs

Equipment scope
The broker program serves businesses across the U.S. financing new and used equipment.
Vendor offers
Dealer and manufacturer programs may include special rates, promotions and customized payments; request the exact offer rather than treating a vendor promotion as a general bank rate.

Provider sources: Broker program · Dealer and manufacturer program

When it may fit

Our assessment of the published programs

  • Worth comparing for equipment purchases needing payments aligned with seasonal or irregular revenue.
  • Useful to evaluate alongside a vendor offer because the bank works directly and through equipment sellers.

What to weigh carefully

  • An advertised absence of prepayment penalties does not establish interest savings.
  • Confirm legal title timing; a conditional sales contract differs from an EFA with immediate title.
  • A full cost quote and exact underwriting criteria are needed before comparing offers.

Questions before you accept an offer

  1. Which contract type will I sign and when does ownership transfer?
  2. What are the full remaining obligations if I pay off after one year?
  3. What insurance, taxes and fees are outside the quoted payment?
  4. Which owner must guarantee and what equipment transfers require consent?

Ask for written terms. Compare net cash received, total repayment, fees, payment timing and early-payoff costs for the same financing need.

Prepare your comparison

Use the same questions and figures for each offer you receive.

Alternatives to research

These are options for a related financing need, not a ranking or a claim of equivalent eligibility or pricing.

Crest Capital

Compare Crest’s equipment finance agreement ownership and early-payoff economics.

Ascentium Capital

Compare Ascentium’s equipment limits and payment/termination rules.

Amur Equipment Finance

Compare Amur’s finance leases and EFAs for the same equipment.

The lender

Type
Bank
Legal name
Stearns Bank National Association
Founded
Not yet provided Add it
Charter
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Headquarters
Saint Cloud, Minnesota
Service area
Florida and Minnesota
Meets in person
Not yet provided Add it
Languages
Not yet provided Add it
Program approvals
Not yet provided Add it
Also lends to consumers
Not yet provided Add it
Website
stearnsbank.com
LinkedIn
Company page

Loan officers at this lender

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