SBA lending record
Stenzel Industries, Inc.
18940 YORK ST, Elk River, MN 55330 · Small Arms, Ordnance, and Ordnance Accessories Manufacturing. The complete public SBA 7(a) record for this business — every loan, every field, the lender, and the map.
$808K
Total SBA financing
2
Loans on record
FY2022–24
On record
7
Jobs supported
● business — business location is the ZIP-area centroid from the public record
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All 2 loans
$658,000 — FY2024
Loan 1 of 2- Gross approval
- $658,000
- SBA guaranteed
- $493,500 (75%)
- Status
- Current
- Rate at approval
- 10.25% v
- Term
- 120 mo (10 yr)
- Program
- Preferred Lenders Program
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 3/18/2024
- First disbursement
- 6/7/2024
- Days to fund
- 81 days
- Collateral
- Required
- Sold on secondary market
- Yes
- Jobs supported
- 3
- Business type
- Corporation
- Business age
- Startup, Loan Funds will Open Business
- Industry
- Small Arms, Ordnance, and Ordnance Accessories Manufacturing
- NAICS code
- 332994
- Lender
- Drake Bank
- Address
- 5765 QUAM AVE NE
- City
- Saint Michael, 55376
- County
- Wright
- SBA district office
- MINNESOTA DISTRICT OFFICE
- Congressional district
- 6
$150,000 — FY2022
Loan 2 of 2- Gross approval
- $150,000
- SBA guaranteed
- $127,500 (85%)
- Status
- Paid in full
- Rate at approval
- 6.5% v
- Term
- 120 mo (10 yr)
- Program
- Preferred Lenders Program
- Subprogram
- Guaranty
- Loan type
- Term loan
- Purpose
- Other / working capital
- Approved
- 7/5/2022
- First disbursement
- 7/8/2022
- Days to fund
- 3 days
- Paid in full
- 6/30/2024
- Collateral
- Required
- Jobs supported
- 4
- Business type
- Corporation
- Business age
- New Business or 2 years or less
- Industry
- Small Arms, Ordnance, and Ordnance Accessories Manufacturing
- NAICS code
- 332994
- Lender
- Hiawatha National Bank
- Address
- 18940 YORK ST
- City
- Elk River, 55330
- County
- Sherburne
- SBA district office
- MINNESOTA DISTRICT OFFICE
- Congressional district
- 6
The lenders
Hiawatha National Bank
1 loan to this businessFull SBA lending record + branches on the lender page →Find SBA lenders for businesses like this
The banks most active funding small arms, ordnance, and ordnance accessories manufacturing — by location, industry.
Similar businesses
Comparable small arms, ordnance, and ordnance accessories manufacturing in the public SBA 7(a) record — matched on industry, then location and deal size. Public records, not for-sale listings.
Alex Pro Firearms LLC
Alexandria, MN· ~95 mi
Small Arms, Ordnance, and Ordnance Accessories Manufacturing
- $850K
- SBA financing
- ≈ $1.7M–$2.8M
- Est. revenue (rough)
Mitchell Defense LLC
Glenside, PA· ~999 mi
Small Arms, Ordnance, and Ordnance Accessories Manufacturing
- $847K
- SBA financing
- ≈ $1.7M–$2.8M
- Est. revenue (rough)
DRAW SYMONS COMPANY
Winter Garden, FL· ~1333 mi
Small Arms, Ordnance, and Ordnance Accessories Manufacturing
- $783K
- SBA financing
- ≈ $1.5M–$2.6M
- Est. revenue (rough)
Radical Barrels LLC
Leland, IA· ~137 mi
Small Arms, Ordnance, and Ordnance Accessories Manufacturing
- $1.7M
- SBA financing
- ≈ $3.3M–$5.6M
- Est. revenue (rough)
Downrange Headquarters, LLC
Springville, UT· ~980 mi
Small Arms, Ordnance, and Ordnance Accessories Manufacturing
- $1.3M
- SBA financing
- ≈ $2.5M–$4.1M
- Est. revenue (rough)
GSL Technology, Inc.
Jackson, MI· ~508 mi
Small Arms, Ordnance, and Ordnance Accessories Manufacturing
- $1.5M
- SBA financing
- ≈ $2.9M–$4.9M
- Est. revenue (rough)
Agent summary
This page summarizes the public SBA 7(a) lending record for Stenzel Industries, Inc. in Elk River, MN (Small Arms, Ordnance, and Ordnance Accessories Manufacturing). CapBench 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 $808K
- On record FY2022–24
- 7 jobs supported
- Industry: Small Arms, Ordnance, and Ordnance Accessories Manufacturing
- Location: Elk River, MN
- Lenders: Hiawatha National Bank, Drake Bank
Buyers researching a deal like this usually check lender fit next: see the SBA lenders most active with Small Arms, Ordnance, and Ordnance Accessories Manufacturing businesses in MN for ~$404k deals, then pre-qualify for 7(a) financing before making an offer. CapBench can arrange a lender introduction — free for buyers.
- Data freshness:
- SBA records through 2026-05-31; FDIC through 2026-03-31; page updated 2026-06-17.
- Sources:
- Public SBA 7(a) loan records; FDIC institution data (BankFind); CapBench lender and franchise enrichment.
- Methodology:
- Sources & methodology
- Informational only — CapBench does not confirm this entity is for sale, eligible for SBA financing, or approved by any lender.
- Figures come from public records and CapBench methodology; verify before relying on them.
- Financing figures are historical loan records, not a current offer or a loan approval. CapBench is not a lender.
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CapBench listing built from public SBA 7(a) lending records. Figures are as reported; verify before relying on them. Not affiliated with Stenzel Industries, Inc..