PPP Loan Data — Steffes & Son Manufacturing, I, Dickinson, ND
Steffes & Son Manufacturing, I
Entity: Limited Liability Company (LLC)
Location: Dickinson, NDTweet This • Search All PPP Data
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
Steffes & 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
Oil and Gas Field Machinery and Equipment Manufacturing (NAICS code 333132)
Business Owner Demographics
Race / Ethnicity: WHITE
Gender: MALE OWNED
Veteran Status: NON-VETERANCongressional 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.
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Footnotes & Information
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