Stearns Bank N.A.

Stearns Bank N.A.
Equipment Finance Division
500 13th Street, PO Box 750
Albany, MN 56307

Contact Information

Daryn Lecy, Vice President of Operations


Stearns Bank N.A. Equipment Finance Division is a leader in direct financing with fast and personal service. We specialize in creating customized financing to fit the individual needs of vendors and end-users in a variety of industries. We are actively looking to purchase small ticket lease portfolios. Our bank is also a Preferred SBA Lender!

General Information

Funding Information

Company Type

  • Bank

In Business Since

  • 1964

Trade Associations

  • ELFA
  • NEFA

Funding Source Type

  • Lessor

Source of Funds

  • Internal

Annual Funded Volume

  • $400MM

Transaction Profile

Deal Size Range

  • $0-$100K
  • $100-$250K


  • 1-3 Years
  • 3-5 Years
  • 5-7 Years

Average Term

  • 48 Months

Products Offered

  • Finance Lease
  • Operating Lease
  • TRAC

Scope of Geographic Activity

  • National

Transaction Preferences

Equipment Categories

  • Agriculture
  • Auto/Light Truck
  • Bus/Mass Transit
  • Construction
  • Industrial/Manufacturing
  • Machine Tool
  • Materials Handling
  • Medical/Dental
  • Restaurant FF&E
  • Software/Hardware
  • Trucks and Trailers
  • Waste Disposal
  • Woodworking

Credit Quality

  • A Quality

Special Services

  • Application Only Programs
  • Brokers Welcome
  • Portfolio Purchases
  • Titled Vehicles

View Latest Digital Edition

Terry Mulreany
Subscriptions: 800 708 9373 x130
Frank Battista
Advertising: 800 708 9373 x120

View Latest Digital Edition

Visit our sister website for news, information, exclusive articles,
deal tables and more on the asset-based lending, factoring,
and restructuring industries.