Stearns Bank N.A.

Last Updated: 02/17/2025

Stearns Bank N.A. is a: Buyer

Company Type Bank

Type of FundingSource/Buyer Lender

Annual Volume Funded 500-600 Million

Credit Criteria

Investment Grade
Middle Market
Near Investment Grade

Transaction Size Average $75,000.00
Lowest $10,000.00

Lease Terms Longest 84
Average 60
Shortest 24

Lease Structures

Conditional Sale / Money-Over-Money
Debt
Operating Lease
TRAC
Vendor Finance

Funding/Buyer Programs

Buy Paper from Brokers
Buy Paper from Leasing Comp
Buy Paper: Our Documents Only
Discount-Nonrecourse
Fund Leases as a Group
Fund Leases Individually
Purchase Portfolios
Warehouse Lines

Originates Paper? Yes

Syndicates/Sells Paper?

Equipment Types We WILL Finance

Agricultural
Buses
Cable / Communications
Construction
Emergency Vehicles
Furniture / Fixtures
Graphic Arts
Laundry / Drycleaning
Machine Tool
Material Handling
Medical
Packaging / Plastics
Recycling
Renewable Energy
Retail
Software
Technology
Trucks and Trailers
Utility
Waste Removal

Equipment Types We WILL NOT Finance

Aircraft
Automobile
Broadcast / Video
Gaming
Intermodal
Marine
Mining
Modular Buildings
Oil and Gas
Project Finance
Rail
Real Estate
Recreation / Fitness
Restaurant

Industry Financing Preferences

Main verticals include, but not limited to: construction, Ag, healthcare/medical, specialty vehicles, manufacturing, material handling, green energy, emerging markets

Our Company is a(n): Credit Lender

Accepts Soft Assets?

Yes

ELFA Business Councils

Bank
Captive and Vendor Finance
Small Ticket

Start of Fiscal Year January

Equipment Leasing and Finance Association - Investing Forward

Stearns Bank N.A.

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