Articles
3 Tips to Saving Your Business Money During the Pandemic
Updated: May 6, 2022 | By: LendVer Staff – There is no doubt that taking care of your health and staying safe during the COVID-19 pandemic is the most important thing. However, an unfortunate side affect of the current crisis has been its negative effect on the businesses and finances of many. Millions of people [...]
Federal Reserve Increases Benchmark Rate 50 Basis Points
Posted: May 5, 2022 | By: LendVer Staff – The central bank announced the increase of its benchmark interest rate by 50 basis points after the meeting of its Federal Open Market Committee (FOMC) on Wednesday. This marks the largest rate increase since 2000, and follows an increase of 25 basis points in March of [...]
Stearns Bank N.A. Named #9 in Independent Banker's 2021 List of Top-Performing Community Banks
Stearns Bank National Association has been recognized by Independent Community Bankers of America (ICBA) as a 2021 top-performing community bank. The rankings were released in the May 2022 Issue of Independent Banker, and ranked Stearns Bank National Association #9 in its peer group of banks with over $1 billion in assets [see rankings]. Stearns Bank [...]
Where to Find 30-Year Fixed Commercial Mortgages
Updated: April 25, 2022 | By: LendVer Staff – The subject of this article may seem confusing because most people think a 30-year fixed commercial mortgage (which includes mortgages on investment residential property) is just as prevalent as a 30-year fixed residential home mortgage. Once you start looking for a 30-year fixed commercial real estate [...]
What is SBA Financing?

What is SBA Financing?

Updated: March 30, 2022 | By: LendVer Staff – SBA is an acronym for the Small Business Administration which is a government agency that guarantees small business loans. A common misconception is that the SBA actually makes loans to businesses directly, when really it is independent bank and non-bank lenders as well as CDCs (Certified [...]