CSE, Inc. in Madison Heights, VA - SBA PPP Loan Data (Paycheck Protection Program)

PPP Loan Data — CSE, Inc., Madison Heights, VA

CSE, Inc.

Entity: Corporation

Industry: Commercial and Institutional Building Construction

Location: Madison Heights, VA

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 Size:

$3.53M

Jobs Retained:

248

Loan Approved:

2020-04-06

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.

Based on standard PPP eligibility rules, CSE, Inc.'s total 2019 payroll expenses were approximately $16.94M in order to qualify for the PPP loan amount received.

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

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 / Ethnicity: Unreported

Gender: FEMALE OWNED

Veteran Status: Unreported

Congressional District: VA-06

Industry PPP Comparison Statistics

Nationwide, 39,925 businesses in the "Commercial and Institutional Building Construction" industry received a total of $8,114,153,480.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 2% of the total PPP funding allocated.

PPP recipients in this industry report an average of 13 employees, 95% lower than CSE, Inc.'s reported 248 employees, and received an average PPP loan of $203,235, 94% 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, 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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