PAYCHECK PROTECTION LOAN DATA NOW AVAILABLE — FederalPay is now hosting the latest publicly released PPP loan company data from the SBA (Updated September 30, 2023)

PPP Loan Data — CSE Inc, Madison Heights, VA

ALERT: There are 2 PPP loans for a total of $5.53M in our database for businesses with the name "CSE Inc" in Madison Heights, VA. This this is typically due to the same business receiving both first and second-draw loans, but may also include similarly named but unrelated businesses, multiple branches of the same business, mistaken multiple applications, or potential fraud. Click each loan below to see full details.

SBA PPP loan data, payroll data, and salaries for CSE Inc
VA

CSE Inc

Entity: Corporation

Industry: Commercial and Institutional Building Construction

Location: Madison Heights, VA

Search All PPP Data

CSE Inc is a corporation located at 153 Old Ragland Rd in Madison Heights, Virginia that received a Coronavirus-related PPP loan from the SBA of $2,000,000.00 in February, 2021.

$ PPP Loan Information
Loan #1224808510

Loan Size:

$2M

Jobs Retained:

175

Loan Approved:

2021-02-18

Loan Status:

Paid in Full or Forgiven

Lender:

First National Bank

CSE Inc in Madison Heights, VA received a Paycheck Protection Loan of $2M through First National Bank, which was approved in February, 2021.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in August, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, CSE Inc's 2019 payroll expenses are estimated to be at least $9.6M.

Based on their reported 175 jobs retained, this equals an estimated average yearly compensation of $54,857 per employee1

Reported PPP Proceed Usage:

On the PPP application, CSE Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $2,000,000
Because the loan received by CSE 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 - CSE Inc in Madison Heights, VA

CSE Inc
153 Old Ragland Rd
Madison Heights, VA 24572

Business Industry:
Commercial and Institutional Building Construction
NAICS code 236220

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Rural

Amherst County, VA — SBA Office 0304 — Congressional District: VA-05

Similar Companies near Madison Heights

In the Madison Heights area, 6 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 71 employees (compared to this company's 175) and received an average PPP loan of $927,120 (compared to this company's $2M).

Industry PPP Comparison Statistics

Nationwide, 77,366 businesses in the "Commercial and Institutional Building Construction" industry received a total of $12.37B 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 12 employees, 93% lower than CSE Inc's reported 175 employees, and received an average PPP loan of $159,915, 92% lower than this company's loan of $2M.

SBA PPP loan data, payroll data, and salaries for CSE, Inc
VA

CSE, Inc

Entity: Corporation

Industry: Commercial and Institutional Building Construction

Location: Madison Heights, VA

Search All PPP Data

CSE, Inc is a corporation located at 153 Old Ragland Rd in Madison Heights, Virginia that received a Coronavirus-related PPP loan from the SBA of $3,530,060.00 in April, 2020.

The company has reported itself as a female owned business, and employed at least 248 people during the applicable loan loan period.

$ PPP Loan Information
Loan #5729647006

Loan Size:

$3.53M

Jobs Retained:

248

Loan Approved:

2020-04-06

Loan Status:

Paid in Full or Forgiven

Lender:

First National Bank

CSE, Inc in Madison Heights, VA received a Paycheck Protection Loan of $3.53M through First National Bank, which was approved in April, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in July, 2021.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Read More
Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Read More

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, CSE, Inc's 2019 payroll expenses are estimated to be at least $16.94M.

Based on their reported 248 jobs retained, this equals an estimated average yearly compensation of $68,324 per employee1

Reported PPP Proceed Usage:

On the PPP application, CSE, Inc reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $2,999,311
  • Utilities: $421,730
  • Rent: $57,654
  • Debt Interest: $51,365
Because the loan received by CSE, 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 - CSE, Inc in Madison Heights, VA

CSE, Inc
153 Old Ragland Rd
Madison Heights, VA 24572

Business Industry:
Commercial and Institutional Building Construction
NAICS code 236220

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Female Owned

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: Y

HUBZone: Y

Rural / Urban: Rural

Amherst County, VA — SBA Office 0304 — Congressional District: VA-05

Similar Companies near Madison Heights

In the Madison Heights area, 6 businesses in the "Commercial and Institutional Building Construction" industry received a PPP loan. These local businesses reported an average of 71 employees (compared to this company's 248) and received an average PPP loan of $927,120 (compared to this company's $3.53M).

Industry PPP Comparison Statistics

Nationwide, 77,366 businesses in the "Commercial and Institutional Building Construction" industry received a total of $12.37B 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 12 employees, 95% lower than CSE, Inc's reported 248 employees, and received an average PPP loan of $159,915, 95% lower than this company's loan of $3.53M.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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/cse-inc-madison-heights-va