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PPP Loan Data — Steffes & Son Manufacturing, I,
Dickinson, ND
Steffes & Son Manufacturing, I
Entity: Limited Liability Company (LLC)
Industry: Oil and Gas Field Machinery and Equipment Manufacturing
Location: Dickinson, ND
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Steffes & Son Manufacturing, I is a limited liability company (LLC) located at 3050 Highway 22 North in Dickinson, North Dakota that received a Coronavirus-related PPP loan from the SBA of $6,433,400.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 500 people during the applicable loan loan period.
$ PPP Loan Information
Loan Size:
Jobs Retained:
500Loan Approved:
2020-04-03Lender:
CORNERSTONE BANKSteffes & Son Manufacturing, I in Dickinson, ND received a Paycheck Protection Loan of $6.43M through CORNERSTONE BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Steffes & Son Manufacturing, I's total 2019 payroll expenses were approximately $30.88M in order to qualify for the PPP loan amount received.
Based on their reported 500 jobs retained, this equals an estimated average yearly compensation of $61,761 per employee1.
Business Information - Steffes & Son Manufacturing, I in Dickinson, ND
3050 Highway 22 North
Dickinson, ND 58601
Business Industry
Oil and Gas Field Machinery and Equipment Manufacturing (NAICS code 333132)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERAN
Congressional District: ND-Industry PPP Comparison Statistics
Nationwide, 893 businesses in the "Oil and Gas Field Machinery and Equipment Manufacturing" industry received a total of $361,454,588.00 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 25 employees, 95% lower than Steffes & Son Manufacturing, I's reported 500 employees, and received an average PPP loan of $404,764, 94% lower than this company's loan of $6.43M.
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, 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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