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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.

Funding A Business Acquisition And The Small Business Loan Program

Funding A Business Acquisition And The Small Business Loan Program

Posted by: Stearns Bank on May 31, 2023

The SBA Loan program can be beneficial for buyers who are interested in acquiring businesses that do not have sufficient tangible assets to meet the collateral requirements of traditional bank financing.

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Financing Terms Every Small Business Owner Should Know

Financing Terms Every Small Business Owner Should Know

Posted by: Stearns Bank on May 22, 2023

Discover the top financing terms every small business owner should know, from SBA loans to business lines of credit.

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The Four Most Common Challenges Facing Black Women Entrepreneurs

The Four Most Common Challenges Facing Black Women Entrepreneurs

Posted by: Stearns Bank in partnership with African Development Center on Feb 28, 2023

Black women make up the fastest-growing group of entrepreneurs, but they face a disproportionate number of obstacles. Read about them here.

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How to Capitalize on Great Rates & Increase Your Savings

How to Capitalize on Great Rates & Increase Your Savings

Posted by: Stearns Bank on Nov 01, 2022

With great rates on CDs, checking, and savings accounts, you can stack up the savings without lifting a finger.

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Five Benefits Of Having Multiple Business Bank Accounts

Five Benefits Of Having Multiple Business Bank Accounts

Posted by: Stearns Bank on Oct 26, 2022

Having multiple business bank accounts helps keep you organized, secure, and sets you up for future financial success.

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Finding Payment Systems To Help Your Customers Pay Your Business

Finding Payment Systems To Help Your Customers Pay Your Business

Posted by: Stearns Bank on Oct 14, 2021

We look at how to set up a digital customer payment system that will benefit your business and please your customers.

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Loan & Grant Options For Minority Business Owners

Loan & Grant Options For Minority Business Owners

Posted by: Stearns Bank on Aug 27, 2021

Minority-owned businesses can benefit from special loan opportunities. We break down available loan and grant programs.

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Stearns Bank, Skalicky Collaborate On OCC's Project REACh

Stearns Bank, Skalicky Collaborate On OCC's Project REACh

Posted by: Stearns Bank on Aug 18, 2021

After joining OCC MDI collaboration meetings, Stearns Bank President and CEO Kelly Skalicky formed bank partnerships that have delivered welcomed benefits.

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USDA Rural Development Business Loans: Consider These Benefits

USDA Rural Development Business Loans: Consider These Benefits

Posted by: Stearns Bank on Aug 05, 2021

USDA rural development business loans offer benefits the average person might not know about. We explore those somewhat hidden benefits in this blog.

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Loan Options Available For Rural Small Businesses

Loan Options Available For Rural Small Businesses

Posted by: Stearns Bank on Jul 23, 2021

Rural America is vital to the nation’s economy and small businesses located in these communities can use these loan options to continue their growth.

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