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Small Business Matters

The Stearns Bank Small Business blog has you covered from relevant industry topics to guidance on big business banking decisions. Read our latest articles that might give you the advice you’ve been looking for to help your small business succeed.

Safeguard Finances In Case Of Natural Disasters

Safeguard Finances In Case Of Natural Disasters

Posted by: Stearns Bank on Jul 20, 2021

No matter what your business may face, here are some simple ways you can prepare your small business before a natural disaster.

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5 Reasons To Open A Small Business In A Rural Community

5 Reasons To Open A Small Business In A Rural Community

Posted by: Stearns Bank on May 26, 2021

Having lower costs and building long-term relationships are two reasons why it's advantageous for entrepreneurs to start businesses in rural communities.

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Worker Shortage Sole Blip in Booming Construction Field

Worker Shortage Sole Blip in Booming Construction Field

Posted by: Stearns Bank on May 21, 2021

Roy White owns a mason contracting business in western New York. He has plenty of work lined up but finding and maintaining an employee base has been hard.

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USDA Rural Development Loans – How To Apply & Qualify

USDA Rural Development Loans – How To Apply & Qualify

Posted by: Stearns Bank on Feb 22, 2021

Find out how to apply for USDA Rural Development Loans and what program might be right for you, including the Business & Industry Loan Guarantee Program.

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Aging Gracefully – Avoiding Equipment Obsolescence

Aging Gracefully – Avoiding Equipment Obsolescence

Posted by: Stearns Bank on Dec 07, 2020

No matter the business, avoiding equipment obsolescence is not easy. One solution is to investigate the viability of equipment financing.

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Landscaping Company Adjusts To COVID-19’s Impact

Landscaping Company Adjusts To COVID-19’s Impact

Posted by: Stearns Bank on Apr 03, 2020

Rapid Robert Construction & Tree Services is advising its employees to practice social distancing while adjusting its cash flow to deal with COVID-19.

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Mutual Respect Creates Strong Financing Relationship For Landscaping Business

Mutual Respect Creates Strong Financing Relationship For Landscaping Business

Posted by: Stearns Bank on Feb 07, 2019

The owners of Supreme Lawn and Landscaping in Waite Park were looking at switching financial institutions after becoming disenchanted with their bank.

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Used Equipment Offers Advantages For Diligent Buyers

Used Equipment Offers Advantages For Diligent Buyers

Posted by: Stearns Bank on Jan 31, 2019

Whether bidding at a live or online auction, or visiting a local dealer, previously-owned equipment can be a big benefit for a small business owner.

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Six Ways Seasonal Businesses Can Manage Their Cash Flow

Six Ways Seasonal Businesses Can Manage Their Cash Flow

Posted by: Stearns Bank on Aug 16, 2018

A small business may fail for many reasons – sluggish sales, start-up costs, competition. But the greatest challenge and cause of failure is cash flow.

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