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SBA 504 record
Stearns Bank National Association: SBA 504 first liens made
Stearns Bank National Association, a bank based in Saint Cloud, MN, made 13 SBA 504 first liens in the 36 months ending September 30, 2026, $40.4M in all, net of cancelled approvals. The typical first lien was about $2.2M, and 0 were in the last 12 months. Most were in New York.
- Evidence
- SBA 504 loans in the 36 months ending September 30, 2026, SBA
- Data as of
- SBA, September 30, 2026
- Page last changed
- November 11, 2026
- First liens, 36 months
- 13
- SBA FOIA,
- Net of cancelled approvals
- Dollars
- $40.4M
- SBA FOIA,
- Rounded amounts
- Typical loan
- $2.2M
- SBA FOIA,
- Largest loan
- $11M
- SBA FOIA,
- Rounded to 2 significant figures
- Last 12 months
- 0
- SBA FOIA,
Cite this
Source: The Lender Report, Stearns Bank National Association: SBA 504 first liens made, https://lender.report/lender/stearns-bank-mn/sba-504/, data as of September 30, 2026.
The loans, newest first
Banks report no loan-level data for office, retail, industrial or construction loans. This list shows only multifamily and SBA loans.
| Period | Place | Loan | Amount | Rate | Term | LTV | Source |
|---|---|---|---|---|---|---|---|
| Feb 2025 | California | SBA 504, Hotels (except Casino Hotels) and Motels | $3.7M | 25 yr | SBA FOIA | ||
| Feb 2025 | South Dakota | SBA 504, Accommodation and Food Services | $1.1M | 25 yr | SBA FOIA | ||
| Jan 2025 | Florida | SBA 504, General Line Grocery Merchant Wholesalers | $4.6M | 25 yr | SBA FOIA | ||
| Aug 2024 | Arizona | SBA 504, Accommodation and Food Services | $11M | 25 yr | SBA FOIA | ||
| Aug 2024 | Florida | SBA 504, Car Washes | $4.3M | 25 yr | SBA FOIA | ||
| May 2024 | Texas | SBA 504, Car Washes | $2.5M | 25 yr | SBA FOIA | ||
| May 2024 | Texas | SBA 504, Car Washes | $2.2M | 25 yr | SBA FOIA | ||
| Apr 2024 | Texas | SBA 504, Sports and Recreation Instruction | $2.6M | 25 yr | SBA FOIA | ||
| Apr 2024 | New York | SBA 504, Transportation and Warehousing | $1.9M | 25 yr | SBA FOIA | ||
| Apr 2024 | Hawaii | SBA 504, Retail Trade | $1.8M | 25 yr | SBA FOIA | ||
| Mar 2024 | New York | SBA 504, All Other Specialty Trade Contractors | $1.8M | 25 yr | SBA FOIA | ||
| Mar 2024 | New York | SBA 504, All Other Specialty Trade Contractors | $1.6M | 25 yr | SBA FOIA | ||
| Mar 2024 | New Jersey | SBA 504, Other Services (except Public Administration) | $1.3M | 25 yr | SBA FOIA | ||
| 13 SBA 504 first liens since October 2023, net of cancelled | $40.4M | SBA FOIA | |||||
A blank means the source did not report it.
| State | First liens | Dollars |
|---|---|---|
| New York | 3 | $5.30M |
| Texas | 3 | $7.30M |
| Florida | 2 | $8.90M |
| Arizona | 1 | $11.0M |
| California | 1 | $3.70M |
| Hawaii | 1 | $1.80M |
| New Jersey | 1 | $1.30M |
| South Dakota | 1 | $1.10M |
SBA loans are on record by state only.
| Loan size | First liens | Dollars |
|---|---|---|
| Under $150K | 0 | $0 |
| $150K to $350K | 0 | $0 |
| $350K to $1M | 0 | $0 |
| $1M to $2.5M | 7 | $11.7M |
| $2.5M or more | 6 | $28.7M |
| Quarter | First liens | Dollars |
|---|---|---|
| 2024 Q1 | 3 | $4.70M |
| 2024 Q2 | 5 | $11.0M |
| 2024 Q3 | 2 | $15.3M |
| 2025 Q1 | 3 | $9.40M |
Calendar quarters of the SBA approval date. The first and last may cover part of a quarter: the window is the 36 months ending September 30, 2026.
| Industry (NAICS) | First liens |
|---|---|
| Car Washes (811192) | 3 |
| Accommodation and Food Services | 2 |
| All Other Specialty Trade Contractors (238990) | 2 |
| General Line Grocery Merchant Wholesalers (424410) | 1 |
| Hotels (except Casino Hotels) and Motels (721110) | 1 |
| Other Services (except Public Administration) | 1 |
| Retail Trade | 1 |
| Sports and Recreation Instruction (611620) | 1 |
| Transportation and Warehousing | 1 |
A 6-digit code is printed only where the SBA file holds 5 or more loans of the program in that state; the rest show as their 2-digit sector.
| Processing method | Loans |
|---|---|
| Accredited Lenders Program | 7 |
| 504 Refinancing Program | 4 |
| 504 Basic | 2 |
| Certified Development Company | Projects |
|---|---|
| Business Initiative Corporation of New York | 3 |
| LiftFund, Inc. | 3 |
| Florida Business Development Corporation | 2 |
| Arizona Capital Source | 1 |
| Business Finance Capital | 1 |
| South Dakota Development Corporation | 1 |
| The Mortgage Capital Development Corporation | 1 |
| Trenton Business Assistance Corporation | 1 |
- Stearns Bank National Association made 13 SBA 504 first liens totaling $40.4M in the 36 months ending September 30, 2026, net of cancelled approvals, in 8 states. SBA FOIA,
- The SBA file shows 0 approvals naming Stearns Bank National Association as first-lien lender dated in the 12 months to September 30, 2026, and 5 in the 12 months before. Both counts leave out cancelled approvals and include approvals not yet funded, so the two periods are measured the same way. SBA FOIA,
- The typical first lien was about $2.2M, with the middle half between $1.8M and $3.7M. SBA FOIA,
- The largest was about $11M. Every amount is rounded to 2 significant figures. SBA FOIA,
- 0 loans were under $150K, and 13 were $1M or more. SBA FOIA,
- The median term was 25 years. SBA FOIA,
- Its loans went most often to Car Washes, with 3. SBA FOIA,
- The SBA file lists 7 of its loans as processed under Accredited Lenders Program. SBA FOIA,
- It worked with 8 Certified Development Companies, most often Business Initiative Corporation of New York. SBA FOIA,
- Its loans were most often in New York (3), Texas (3) and Florida (2). SBA FOIA,
What we don't know
- Whether Stearns Bank National Association is taking new SBA 504 loans today, or how it would treat a business like yours.
- Loans that were never completed. The SBA file lists approvals, and this page leaves out the ones it marks cancelled.
- The borrower, the address and every term beyond rate and term. The public file does not show them.
SBA loans are on record by state only. Amounts are rounded to 2 significant figures and dates to the month. A 6-digit industry code is printed only where the SBA file holds 5 or more loans of the program in that state.
SBA 504 figures count the first-lien lender on each SBA approval. Dollars are first-lien amounts.
SBA does not require you to use an agent or broker for a loan application. SBA has not reviewed or endorsed this site.
Source and date appear beside each figure. Banks report balances, not loans made. Loans made come only from HMDA and SBA files. We do not audit filings and can make errors joining them. Report a problem
Figures come from public records and show the source and date beside them. Public records can be late, incomplete or wrong. A past loan does not mean a lender will make the same kind of loan today. Confirm anything important with the lender.