SBA lender · 7(a) program
Stearns Bank
Stearns Bank has approved 5,164 SBA loans worth $2.03B since FY2010 - the #57 SBA lender in the country by dollars approved. Everything below comes from the SBA’s own loan-level records.
National rank
#57
0.40% of all SBA dollars
Total approved
$2.03B
FY2010 onward
Loans
5,164
Median loan
$215,000
+19% vs national
Median rate
7.00%
+0.25 pts vs national
Charge-off rate
12.3%
3,438 resolved FY10-19 loans
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
Reading the record
What Stearns Bank’s numbers say
Stearns Bank sits solidly inside the SBA lending field, having approved 5,164 loans for a gross total of $2.03B since fiscal 2010. Its median loan of $215,000 is close to the $180,000 national median.
The median initial note rate across its 7(a) approvals is 7.00%, 0.25 points above the national median of 6.75%. Rate medians drawn across fifteen years reflect the mix of loan sizes and vintages a lender wrote as much as its pricing posture - a lender that grew fastest during a high-rate stretch will look expensive here even if its spread was ordinary.
Of its FY2010-FY2019 approvals that have reached a terminal status, 12.3% were charged off, 4.7 points above the national figure of 7.6%. Read that as a description of the credit box a lender chose, not as a verdict on it: lenders serving newer businesses and thinner files will always show higher losses than those writing large, collateralised acquisition loans.
Roughly 5% of its approvals went to businesses the SBA classified as new rather than existing, against 11% nationally.
Where Stearns Bank lends
| State | Loans | Share |
|---|---|---|
| Texas | 579 | |
| Florida | 558 | |
| California | 476 | |
| Minnesota | 361 | |
| Arizona | 277 | |
| Georgia | 255 | |
| North Carolina | 212 | |
| Colorado | 192 |
What it lends against
Source: U.S. Small Business Administration, SBA 7(a) and 504 FOIA data, as of 2026-06-30. Approvals from FY2010 onward. How we calculate this.
Questions about Stearns Bank
- How many SBA loans has Stearns Bank approved?
- Stearns Bank has approved 5,164 SBA loans totalling $2,027,539,300 in gross approvals from fiscal year 2010 through the most recent SBA data release. That places it #57 among all SBA lenders by dollars approved.
- What is the typical Stearns Bank SBA loan size?
- The median gross approval is $215,000, with the middle 80% of loans falling between $84,000 and $758,000. The national median across all SBA lenders is $180,000.
- What interest rate does Stearns Bank charge on SBA 7(a) loans?
- The median initial note rate on Stearns Bank's 7(a) approvals is 7.00%, compared with a national median of 6.75%. This is a historical median across all approvals since FY2010, not a quote - SBA 7(a) rates are pegged to a base rate that moves, and your rate depends on loan size, term, and credit profile.
- What is Stearns Bank's SBA loan charge-off rate?
- 12.3% of its FY2010-FY2019 approvals that have reached a terminal status were charged off, against a national figure of 7.6%. A charge-off rate reflects the borrowers a lender chose to underwrite as much as anything else, and is not a measure of service quality.
Where to go from here
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