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PPP Loan Data — Cliff Viessman Inc,
Gary, SD
Cliff Viessman Inc
Entity: Subchapter S Corporation
Industry: Specialized Freight (except Used Goods) Trucking, Local
Location: Gary, SD
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Cliff Viessman Inc is a subchapter s corporation located at 215 1st Avenue in Gary, South Dakota that received a Coronavirus-related PPP loan from the SBA of $4,182,000.00 in April, 2020.
The company has reported itself as a male owned business, and employed at least 450 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
450Loan Approved:
2020-04-15Lender:
AMERICAN FEDERAL BANKCliff Viessman Inc received a Paycheck Protection Loan of $4.18M through AMERICAN FEDERAL BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Cliff Viessman Inc's total 2019 payroll expenses were approximately $20.07M in order to qualify for the PPP loan amount received.
Based on their reported 450 jobs retained, this equals an estimated average yearly compensation of $44,608 per employee1.
Business Information - Cliff Viessman Inc in Gary, SD
215 1st Avenue
Gary, SD 57237
Business Industry
Specialized Freight (except Used Goods) Trucking, Local (NAICS code 484220)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: MALE OWNED
Veteran Status: Unreported
Congressional District: SD-Similar Companies near Gary
In the Gary area, 2 businesses in the "Specialized Freight (except Used Goods) Trucking, Local" industry received a PPP loan. These local businesses reported an average of 226 employees (compared to this company's 450) and received an average PPP loan of $2,095,830 (compared to this company's $4.18M).
Similar Nearby Businesses Who Received PPP Funding:
Dirksen Transport, LLC
Goodwin, SD
Industry PPP Comparison Statistics
Nationwide, 15,820 businesses in the "Specialized Freight (except Used Goods) Trucking, Local" industry received a total of $1,349,363,237.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 7 employees, 98% lower than Cliff Viessman Inc's reported 450 employees, and received an average PPP loan of $85,295, 98% lower than this company's loan of $4.18M.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.
All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.
Footnotes & Information
1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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