Lenders › Stearns Bank National Association
7(a) lenderSaint Cloud, MinnesotaFDIC-insured bank61st of 2,184 by approvals
Stearns Bank National Association
SBA 7(a) loan approvals by fiscal year, where they went, how large they were, and how loans from earlier years turned out.
SBA approvals by fiscal year. The federal fiscal year runs 1 October to 30 September, so FY2025 is 1 October 2024 to 30 September 2025. *FY2026 is open: approvals to 30 Jun 2026 only.
Stearns Bank National Association, based in Saint Cloud, Minnesota, is an FDIC-insured bank in the SBA 7(a) program. SBA approved 603 of its 7(a) loans worth $337M in FY2021 to FY2025, which places it 61st of 2,184 active 7(a) lenders by number of approvals.
In FY2025, the latest complete fiscal year, it had 172 approvals totalling $76.8M, up 10% on FY2024 (157). FY2026 to 30 Jun 2026 adds 68 more.
The median approval was $266K, against $190K for the 7(a) program as a whole; 37.1% of its approvals were for $150,000 or less (program: 47.8%).
Its loans went to businesses in 48 states and territories and 295 counties, led by Texas (10.3%), California (9.6%) and Minnesota (9.5%). The largest industry group was health care and social assistance at 16.3% of approvals, and 21.4% of approvals were to franchise businesses.
Of 4,393 disbursed loans approved in FY2010 to FY2021, SBA records 436 as charged off (9.9%), 3,233 as paid in full and 724 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is above it.
Loan status is as recorded by SBA at the data date; charge-off rates are computed on loans approved at least five fiscal years ago. Jobs supported are self-reported estimates from the SBA loan application, which SBA does not review, audit or validate. Loans appear under the lender they are assigned to today, so a lender's figures include loans it took over. Data through 30 Jun 2026.
Approvals by fiscal year
| Fiscal year | Approvals | Dollars approved | Median approval | Average approval | Jobs supported, as reported |
|---|---|---|---|---|---|
| FY2026* | 68 | $21.9M | $150K | $322K | 525 |
| FY2025 | 172 | $76.8M | $172K | $447K | 2,184 |
| FY2024 | 157 | $84.7M | $250K | $539K | 2,244 |
| FY2023 | 118 | $57.1M | $223K | $484K | 1,210 |
| FY2022 | 94 | $66.6M | $338K | $708K | 1,186 |
| FY2021 | 62 | $52.2M | $395K | $842K | 937 |
| FY2020 | 311 | $78.6M | $200K | $253K | 3,340 |
| FY2019 | 889 | $275M | $210K | $309K | 10,980 |
| FY2018 | 806 | $273M | $212K | $339K | 11,827 |
| FY2017 | 757 | $236M | $150K | $311K | 10,791 |
| FY2016 | 818 | $260M | $169K | $318K | 11,160 |
Approvals are counted in the year SBA approved them and include approvals later cancelled. In the five fiscal years before the current window (FY2016–FY2020) the lender had 3,581 approvals. First approval on file: FY2010.
How earlier loans turned out
Only loans approved at least five fiscal years ago (FY2010–FY2021) are counted, because newer loans have had little time to be paid in full or charged off. "Charged off" is SBA's status for a loan on which it has written off the remaining balance.
| Loans approved FY2010–FY2021 | This lender | Texas | 7(a) program |
|---|---|---|---|
| Approvals in these years | 4,555 | 48,931 | 639,905 |
| Cancelled or never disbursed | 162 | 5,758 | 79,313 |
| Disbursed loans | 4,393 | 43,173 | 560,592 |
| Paid in full | 3,233 | 31,848 | 435,813 |
| Charged off | 436 | 3,650 | 36,891 |
| Still outstanding (status exempt from disclosure) | 724 | 7,675 | 87,888 |
| Charged off, share of disbursed loans | 9.9% | 8.5% | 6.6% |
| Dollars charged off, share of disbursed dollars | 4.9% | 2.9% | 2.5% |
| Dollars charged off | $79.4M | $682M | $5.70bn |
By approval year
| Approved in | Disbursed | Paid in full | Charged off | Charged off, share | 7(a) program, same year |
|---|---|---|---|---|---|
| FY2021 | 53 | 32 | 1 | 1.9% | 2.8% |
| FY2020 | 301 | 184 | 14 | 4.7% | 4.0% |
| FY2019 | 865 | 556 | 80 | 9.2% | 6.7% |
| FY2018 | 779 | 544 | 71 | 9.1% | 7.9% |
| FY2017 | 735 | 546 | 68 | 9.3% | 7.7% |
| FY2016 | 804 | 633 | 115 | 14.3% | 7.2% |
| FY2015 | 464 | 376 | 69 | 14.9% | 6.9% |
| FY2014 | 142 | 127 | 9 | 6.3% | 6.4% |
| FY2013 | 103 | 96 | 4 | 3.9% | 6.0% |
| FY2012 | 50 | 47 | 3 | 6.0% | 6.3% |
| FY2011 | 50 | 49 | 0 | 0.0% | 6.9% |
| FY2010 | 47 | 43 | 2 | 4.3% | 9.2% |
A share is shown only where at least 30 loans from that year were disbursed.
Against the 7(a) program
| FY2021–FY2025 | This lender | 7(a) program |
|---|---|---|
| Median approval | $266K | $190K |
| Average approval | $560K | $518K |
| Approvals of $150,000 or less | 37.1% | 47.8% |
| Approvals to startups and businesses 2 years old or less | 35.7% | 34.3% |
| Approvals to franchise businesses | 21.4% | 11.5% |
| Jobs supported per approval, as reported | 12.9 | 10.5 |
| Charged off, loans approved FY2010–FY2021 | 9.9% | 6.6% |
States served
| # | State of the business (48 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Texas | 62 | $37.5M | 10.3% | |
| 2 | California | 58 | $42.1M | 9.6% | |
| 3 | Minnesota | 57 | $39.4M | 9.5% | |
| 4 | Florida | 55 | $40.1M | 9.1% | |
| 5 | New York | 35 | $19.2M | 5.8% | |
| 6 | Georgia | 24 | $10.3M | 4.0% | |
| 7 | Colorado | 22 | $7.3M | 3.6% | |
| 8 | Pennsylvania | 21 | $11.5M | 3.5% | |
| 9 | Illinois | 21 | $9.7M | 3.5% | |
| 10 | Ohio | 19 | $11.5M | 3.2% | |
| 11 | New Jersey | 19 | $7.4M | 3.2% | |
| 12 | North Carolina | 18 | $14.6M | 3.0% |
In Texas the lender accounts for 0.3% of all 7(a) approvals in FY2021–FY2025.
Counties served
| # | County of the business (295 in all) | Approvals | Dollars | Share | |
|---|---|---|---|---|---|
| 1 | Los Angeles County, CA | 19 | $15.0M | 3.2% | |
| 2 | Maricopa County, AZ | 14 | $5.5M | 2.3% | |
| 3 | Stearns County, MN | 12 | $11.4M | 2.0% | |
| 4 | Harris County, TX | 11 | $5.7M | 1.8% | |
| 5 | Cook County, IL | 10 | $3.7M | 1.7% | |
| 6 | Hennepin County, MN | 9 | $2.4M | 1.5% | |
| 7 | San Diego County, CA | 9 | $1.7M | 1.5% | |
| 8 | Pine County, MN | 8 | $2.9M | 1.3% | |
| 9 | Orange County, FL | 7 | $10.8M | 1.2% | |
| 10 | Lake County, IL | 7 | $4.7M | 1.2% | |
| 11 | Fulton County, GA | 7 | $1.2M | 1.2% | |
| 12 | Broward County, FL | 6 | $6.7M | 1.0% |
Industry mix
| # | NAICS sector | Approvals | Share | |
|---|---|---|---|---|
| 1 | Health Care and Social Assistance | 98 | 16.3% | |
| 2 | Accommodation and Food Services | 85 | 14.1% | |
| 3 | Other Services (except Public Administration) | 75 | 12.4% | |
| 4 | Construction | 59 | 9.8% | |
| 5 | Retail Trade | 54 | 9.0% | |
| 6 | Manufacturing | 47 | 7.8% | |
| 7 | Professional, Scientific, and Technical Services | 40 | 6.6% | |
| 8 | Administrative and Support and Waste Management and Remediation Services | 34 | 5.6% |
| # | Industry group | Approvals | Share | |
|---|---|---|---|---|
| 1 | Restaurants and Other Eating PlacesNAICS 7225 | 67 | 11.1% | |
| 2 | Offices of Other Health PractitionersNAICS 6213 | 56 | 9.3% | |
| 3 | Automotive Repair and MaintenanceNAICS 8111 | 33 | 5.5% | |
| 4 | Services to Buildings and DwellingsNAICS 5617 | 23 | 3.8% | |
| 5 | Personal Care ServicesNAICS 8121 | 21 | 3.5% | |
| 6 | Other Amusement and Recreation IndustriesNAICS 7139 | 18 | 3.0% | |
| 7 | Other Personal ServicesNAICS 8129 | 17 | 2.8% | |
| 8 | Other Specialty Trade ContractorsNAICS 2389 | 17 | 2.8% | |
| 9 | Management, Scientific, and Technical Consulting ServicesNAICS 5416 | 16 | 2.7% | |
| 10 | Child Day Care ServicesNAICS 6244 | 12 | 2.0% |
Approval sizes
- $50,000 or less19.6%118
- $50,001 to $150,00017.6%106
- $150,001 to $350,00027.9%168
- $350,001 to $1 million24.2%146
- $1 million to $2 million3.8%23
- Over $2 million7.0%42
Loan terms
- 5 years or less1.7%10
- Over 5 to 10 years63.3%382
- Over 10 to 20 years15.1%91
- Over 20 years19.9%120
Age of the businesses
- Existing, more than 2 years old56.2%339
- New business, 2 years or less11.6%70
- Startup, loan funds will open the business24.0%145
- Change of ownership8.1%49
SBA processing method
| # | Method | Approvals | Share | |
|---|---|---|---|---|
| 1 | Preferred Lenders Program | 501 | 83.1% | |
| 2 | SBA Express Program | 70 | 11.6% | |
| 3 | 7a General | 25 | 4.1% | |
| 4 | Contract CAPLine | 4 | 0.7% | |
| 5 | 7(a) WCP | 3 | 0.5% |
Franchise share
129 of 603 approvals in FY2021–FY2025 (21.4%) carried an SBA franchise code; across the 7(a) program the share is 11.5%.
| # | Franchise brand | Approvals | Share | |
|---|---|---|---|---|
| 1 | Naturals2Go | 5 | 0.8% | |
| 2 | Keyrenter Property Managment | 4 | 0.7% | |
| 3 | Nothing Bundt Cakes | 3 | 0.5% | |
| 4 | Furry Land | 3 | 0.5% | |
| 5 | Club Pilates | 3 | 0.5% | |
| 6 | Wise Coatings | 3 | 0.5% | |
| 7 | Gymguyz | 3 | 0.5% | |
| 8 | Steak n Shake By Biglari | 2 | 0.3% |
Questions and answers
How many SBA loans does Stearns Bank National Association make?
SBA approved 172 7(a) loans through Stearns Bank National Association in FY2025, worth $76.8M, and 603 over FY2021 to FY2025. That ranks 61st of 2,184 active 7(a) lenders by number of approvals.
How large are Stearns Bank National Association's typical SBA loans?
The median 7(a) approval in FY2021 to FY2025 was $266K and the average $560K. The program-wide median was $190K.
What is Stearns Bank National Association's charge-off rate?
Of 4,393 disbursed loans approved in FY2010 to FY2021, SBA records 436 as charged off (9.9%), 3,233 as paid in full and 724 still outstanding; the 7(a) program figure for the same approval years is 6.6%, so the rate here is above it. Loans are listed under the lender that holds them today, so the figure includes loans taken over from other lenders. Status is as recorded by SBA on 30 Jun 2026.
Which industries does Stearns Bank National Association lend to most?
By number of approvals in FY2021 to FY2025: restaurants and other eating places (67); offices of other health practitioners (56); automotive repair and maintenance (33); services to buildings and dwellings (23).
Where does Stearns Bank National Association make SBA loans?
In 48 states and territories. Texas 62, California 58, Minnesota 57, Florida 55, New York 35. In Texas it accounts for 0.3% of all 7(a) approvals.
Is Stearns Bank National Association's SBA lending rising?
Approvals in the three latest complete fiscal years total 447, against 467 in the three before: broadly level (-4%).
Where does this data come from?
From the Small Business Administration's 7(a) and 504 FOIA loan files, as of 30 Jun 2026. Borrower names and addresses in those files are discarded when the files are read and appear nowhere on this site.
About these figures
Figures are totals of the Small Business Administration's 7(a) and 504 FOIA loan files, data through 30 Jun 2026. SBA updates the files quarterly. Counts are loan approvals, including approvals later cancelled; the five-year window is FY2021–FY2025, the five latest complete fiscal years. Charge-off rates use only loans approved in FY2010–FY2021, at least five fiscal years ago, and count disbursed loans SBA records as charged off. Loans are listed under the lender they are assigned to today. Dollar figures behind fewer than three approvals are not shown, and no borrower is named anywhere on this site.Methodology · Report an error