PPP Loan Data — Gary Voss, Andover, SD
Gary Voss is a sole proprietorship located at 13850 414th Ave in Andover, South Dakota that received a Coronavirus-related PPP loan from the SBA of $25,345.00 in January, 2021.
PPP Loan Information
Loan Status:Ongoing Loan
Lender:Great Plains Bank
Gary Voss in Andover, SD received a Paycheck Protection Loan of $25,345 through Great Plains Bank, which was approved in January, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Gary Voss' 2019 payroll expenses are estimated to be at least $121,656.
Based on their reported 7 jobs retained, this equals an estimated average yearly compensation of $17,379 per employee1
Reported PPP Proceed Usage:
On the PPP application, Gary Voss reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $25,342
- Utilities: $1
Business Information - Gary Voss in Andover, SD
13850 414th Ave
Andover, SD 57422
All Other Grain Farming
NAICS code 111199
Business Owner Demographics
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Similar Companies near Andover
In the Andover area, 5 businesses in the "All Other Grain Farming" industry received a PPP loan. These local businesses reported an average of 2 employees (compared to this company's 7) and received an average PPP loan of $16,941 (compared to this company's $25,345).
Similar Nearby Businesses Who Received PPP Funding:
Diann M Morehouse
Kenneth L. Miller
Industry PPP Comparison Statistics
Nationwide, 39,476 businesses in the "All Other Grain Farming" industry received a total of $778.27M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.
PPP recipients in this industry report an average of 2 employees, 71% lower than Gary Voss' reported 7 employees, and received an average PPP loan of $19,715, 22% lower than this company's loan of $25,345.
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Footnotes & Information
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