Champion Milking Systems



Introducing Stearns Bank N.A.

  • 100-year old financial services provider based in St. Cloud, MN.
  • Independently-owned commercial bank.
  • Employee-owned bank, with employees owning 30% of the company.
  • Over $1 billion in assets with several affiliate banks.
  • Nationwide Services Available:
    - Affordable Housing Projects
    - USDA Loans
    - SBA Loans
    - Equipment Financing

Stearns Bank N.A.
Equipment Finance Division

  • We are located in Albany, MN
  • Started with 1 employee over 35 years ago in the bank basement
  • Grown to over 80 employees
  • $220 million in generated lease business (2011)

Why Stearns Bank?

  • Staff Serving You With The Latest Technology
    - Decision notification by email, fax or phone.
    - Our technology is adaptable to service your needs.
  • Fast Response Time
    - Expect approvals in less than 60 minutes.
  • Flexible Programs
    - We will create programs to fit you and your customers needs (such as buy downs, skip payments, low down payment and seasonal delayed programs).
  • Same Day Funding
    - Funds can be wired to your account or sent by FedEx or Mail.
  • Personal Touch – Human Contact ALL the time
    - You will always speak to a person, not a machine.
  • Backup Support
    - Everyone is cross trained so when someone is out of the office we have people in place to take your calls.
  • Provide Tradeshow Support
    - Personnel will be available for tradeshows.
    - Programs can be created for show specials.

Ag Experience

  • Our roots are in agriculture
  • Strong focus on the dairy market
  • We know this equipment and what it can do for the customer

BM_Equipment_Lease_Program_051612_PPTBM_Equipment_Lease_Program_051612_PPTApplication Process

  • One page application form
  • Can take application over the phone
  • Expect 1 hour turnaround

Credit Decision

No credit scoring system in place. The following tools are used to reach a credit decision:

  • Credit Bureau
  • Local Trade References
  • Dun & Bradstreet/PayNet


  • One-page document
  • Just need an invoice to prepare documents
  • Email, fax or overnight to the dealer or customer

Requests can be handled within the hour.


  • Same day as equipment delivery.
  • Stearns will fund from fax documents. (Originals will need to be mailed to Stearns.)
  • We will wire or send funds overnight/mail.

Vendor Programs

Designed to help you sell more

  • Standard Programs

    - Sales contracts

    - Leases : $1.00 Purchase Option and 10% Purchase Option

    - 24-60 month terms (in special cases we may go shorter or longer)

    - Monthly, quarterly, semi-annual or annual payments

  • Seasonal and Delayed Payments
    - Seasonal payments allow the customer to skip payments during slow months. Delayed payments allow customers to use the equipment and generate income before payments are due.
  • Low Down Payment
    - Helps get your customer into equipment with little or no money down. Allows your customer to use the equipment and generate income without putting a large payment down.