PPP Loan Data — CSE, Inc., Madison Heights, VA
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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
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.
Business Information - CSE, Inc. in Madison Heights, VA
153 Old Ragland Rd
Madison Heights, VA 24572
Commercial and Institutional Building Construction (NAICS code 236220)
Business Owner Demographics
Race / Ethnicity: Unreported
Gender: FEMALE OWNED
Veteran Status: UnreportedCongressional 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.
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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