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PPP Loan Data — Cliff Viessman Inc, Gary, SD

SBA PPP loan data, payroll data, and salaries for Cliff Viessman Inc
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:

$4.18M

Jobs Retained:

450

Loan Approved:

2020-04-15

Lender:

AMERICAN FEDERAL BANK

Cliff 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.

Because the loan received by Cliff Viessman Inc is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - Cliff Viessman Inc in Gary, SD

Cliff Viessman Inc
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

$9,660 PPP Loan

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.

Search FederalPay's Full PPP Loan Database

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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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/cliff-viessman-inc-gary-sd