Stearns Bank N.A.

Stearns Bank N.A. Logo

Company Info

P.O. Box 750 , 500 13th Street
Albany, MN 56307-0750

Adrian Hebig

Primary Contact
(320) 845-4982
[email protected]

Jacqueline Boos

Alternate Contact
(800) 247-1922
[email protected]
Stearns Bank N.A. is a:
Last Update: 02/17/2025

Core Business Focus

Company Type

Bank

Type of Funding Source/Buyer

Lender

Annual Volume Funded

500-600 Million

Credit Criteria

  • Investment Grade
  • Near Investment Grade
  • Middle Market

Transaction Size

Average

Lowest

$75,000.00

$10,000.00

Lease Terms

Longest

Average

Shortest

84

60

24

Lease Structures

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

Originates Paper?

Yes

Syndicates/Sells Paper?

No

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
  • 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, Small Ticket, Captive and Vendor Finance

Start of the Fiscal Year

January