PPP Loan information for Nelson plastic inc

$114,800

Nelson plastic inc was initially approved for PPP Loan of amount $99,200, the current approved amount is $114,800. The loan was approved on 04/05/2020 by The Magnifi Financial CU reported 12 jobs and $114,800 was used to fund payroll.

Nelson plastic inc is Existing or more than 2 years old

PPP Loan Search / MN / PAYNESVILLE / Nelson plastic inc

NELSON PLASTIC INC

Date Approved

04/05/2020

SBA Office Code

0508

Processing Method

PPP

Borrower Name

NELSON PLASTIC INC

Borrower Address

620 Minnie St.

Borrower City

PAYNESVILLE

Borrower State

MN

Borrower Zip

56362-1525

Loan Status Date

02/06/2021

Loan Status

Paid in Full

Term

24

SBA Guaranty Percentage

100

Initial Approval Amount

99200.00

Current Approval Amount

114800.00

Undisbursed Amount

0.00

Franchise Name

Servicing Lender Location Id

99711

Servicing Lender Name

Magnifi Financial CU

Servicing Lender Address

20 4th Ave E

Servicing Lender City

MELROSE

Servicing Lender State

MN

Servicing Lender Zip

56352-1356

Rural Urban Indicator

R

Hubzone Indicator

N

HLMI Indicator

N

Business Age Description

Existing or more than 2 years old

Project City

PAYNESVILLE

Project County Name

STEARNS

Project State

MN

Project Zip

56362-1525

CD

MN-07

Jobs Reported

12

NAICS Code

326122

Race

White

Ethnicity

Not Hispanic or Latino

Utilities Proceed

9200.00

Payroll Proceed

95600.00

Mortgage Interest Proceed

0.00

Rent Proceed

10000.00

Refinance EIDL Proceed

0.00

Health Care Proceed

0.00

Debt Interest Proceed

0

Business Type

Corporation

Originating Lender Location Id

99711

Originating Lender

Magnifi Financial CU

Originating Lender City

MELROSE

Originating Lender State

MN

Gender

Male Owned

Veteran

Veteran

Non Profit

Forgiveness Amount

115658.64

Forgiveness Date

01/07/2021

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