Stearns Bank approved 609 SBA loans worth $307.1M between October 2021 and June 2026, ranking #66 of 2,283 SBA lenders nationally by loan count. Its median loan was $232,500, and 37% went to startups or businesses under two years old. It lent in 49 states, most often in Texas, and its most financed industry was health care and social assistance.
| State | Loans | Approved | Median loan | Rank in state |
|---|---|---|---|---|
| Texas | 60 | $33.2M | $317,500 | #71 |
| Florida | 58 | $29.6M | $205,500 | #61 |
| California | 56 | $40.2M | $300,000 | #87 |
| Minnesota | 51 | $23.5M | $227,600 | #38 |
| New York | 39 | $18.6M | $150,000 | #56 |
| Georgia | 25 | $10.0M | $145,000 | #69 |
| Illinois | 23 | $9.7M | $150,000 | #63 |
| New Jersey | 22 | $8.2M | $191,500 | #55 |
| Colorado | 22 | $7.3M | $237,500 | #52 |
| Pennsylvania | 22 | $10.8M | $267,000 | #62 |
| North Carolina | 21 | $15.7M | $310,000 | #51 |
| Ohio | 20 | $11.6M | $327,500 | #64 |
| Michigan | 15 | $14.1M | $300,000 | #72 |
| Virginia | 15 | $6.0M | $270,000 | #57 |
| Arizona | 14 | $5.2M | $126,250 | #66 |
| Industry | Loans | Share | Median loan |
|---|---|---|---|
| Health care and social assistance | 101 | $150,000 | |
| Restaurants and hotels | 82 | $313,250 | |
| Other services (repair, personal care) | 78 | $396,000 | |
| Construction | 60 | $160,000 | |
| Retail | 55 | $150,000 | |
| Manufacturing | 41 | $215,000 | |
| Professional and technical services | 39 | $250,000 | |
| Administrative and support services | 34 | $144,750 | |
| Transportation and warehousing | 26 | $350,000 | |
| Arts, entertainment and recreation | 22 | $255,000 |