SBA lending record
Nelson Plastic Inc
620 MINNIE ST, Paynesville, MN 56362 · Plastics Pipe and Pipe Fitting Manufacturing. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$700K
Total SBA financing
2
Loans on record
FY2020–21
On record
28
Jobs supported
● business — business location is the ZIP-area centroid from the public record
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All 2 loans
$350,000 — FY2021
Loan 1 of 2- Gross approval
- $350,000
- SBA guaranteed
- $315,000 (90%)
- Status
- Paid in full
- Rate at approval
- 3.99% v
- Term
- 60 mo (5 yr)
- Program
- Preferred Lenders Program
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 8/10/2021
- First disbursement
- 9/1/2021
- Days to fund
- 22 days
- Paid in full
- 4/30/2024
- Collateral
- Required
The lender
Agent summary
This page summarizes the public SBA 7(a) lending record for Nelson Plastic Inc in Paynesville, MN (Plastics Pipe and Pipe Fitting Manufacturing). DealRoom compiles public SBA loan data, lender activity, and business signals to help buyers and advisors evaluate acquisition financing — it does not list this business for sale.
- 2 SBA 7(a) loans totaling $700K
- On record FY2020–21
- 28 jobs supported
- Industry: Plastics Pipe and Pipe Fitting Manufacturing
- Location: Paynesville, MN
- Lender: Magnifi Financial CU
- Data freshness:
- SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-15.
- Sources:
- Public SBA 7(a) loan records; FDIC institution data (BankFind); DealRoom lender and franchise enrichment.
- Methodology:
- Sources & methodology
Is Nelson Plastic Inc your business?
This page was built from public lending data. Claim it free to correct the details, tell your story, and control how your business shows up — or ask us to take it down.
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DealRoom listing built from public SBA 7(a) lending records. Figures are as reported; verify before relying on them. Not affiliated with Nelson Plastic Inc.