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Stearns Bank Equipment Financing Review

Anne Miller

Anne Miller

Senior Author

Anne Miller

Senior Author

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Stearns Bank Equipment Financing ReviewRunning a business can be agreed from fellow business owners to be one of the most rewarding experiences in the entire world. This is why it’s of utter importance to do all you can to keep your business afloat and generating the profits you seek. One of the quickest ways to cut profits and turnaround the opportunity costs is through letting your equipment wear and tear without properly replacing it.

This is why so many business owners have partnered with equipment financing companies to lease or finance equipment. In means to help you out, we are reviewing different equipment financing companies to shed light on the dozens of options that are available to you. Today, we are going to examine Stearns Financial Services Inc. and their Stearns Bank Equipment Finance programs. By the end, you will know whether or not you should consider this institution as a potential option. It may be helpful to use a small business loan payment calculator.


Stearns Financial Services Inc. is a reputable company in the United States with 100+ years experience. Aside from complains regarding their transparency, many business owners have mentioned the customer service quality with Stearns Bank.


There are a few negative complaints surrounding Stearns Bank. Most prominently, business owners have complained about the lack of transparency between the website, custom representatives and their contract. Others have suggested documenting every minor detail to protect yourself and ensure the best rate.

Loan and Lender Information

Stearns Financial Services Inc. is a prominent financial institution in the United States, boasting over 100 years of experience. Today, this company offers a wealth of services across numerous divisions, including equipment finance. When it comes to equipment finance, the company offers a wide selection of options, offering both financing and leasing programs. These services are available to businesses in the following industries:

  • Construction
  • Transportation
  • Agricultural
  • Paving
  • Machine Tools
  • Vocational Vehicles
  • Healthcare

With competitive rates and flexible terms catered to your specific business, Stearns Financial Services Inc. may be worth your consideration. Let’s look at the company rates and fees for more information.

Rates and Fees

Stearns Bank does not offer potential business owners any information regarding their rates and fees on their website. The company does mention that their rates are competitive; however, specifics or estimates cannot be found anywhere. With that being said, if you are wanting to learn about Stearns Financial Services Inc. equipment financing program, you may either contact the company through their contact form or by simply calling their number. Be sure to ask any questions regarding their terms, rates, and applicable fees. Don’t forget to always ask for transparency and a copy of the information the representative is sharing.

Application Process

If you are interested in applying for Stearns Bank equipment financing services, you may begin by visiting their website and clicking the Apply Now button on the sidebar. For easier access, please visit for a direct link to the application. This form will allow Stearns Bank to perform a proper credit application to create custom financial options for your business.


Out of the many different equipment financing companies available, Stearns Bank Equipment Finance is a reputable source and program for business owners seeking to finance or lease new equipment. We do suggest taking the time to compare the quotes offered by Stearns Bank with competing companies to ensure you are being offered the fairest deal. As always, be sure to document and take note of any fee, rate change, or red flags while consulting with any Stearns Bank representative.

Anne Miller

Anne is a Senior Author for SBL. She began her career as an independent consultant for local businesses after graduating with a BA in Management. Since that time, she’s expanded to writing as well as consulting to spread helpful knowledge to small business owners across the country.


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