Cssi, Inc in Washington, DC - SBA PPP Loan Data (Paycheck Protection Program)

PPP Loan Data — Cssi, Inc, Washington, DC

Cssi, Inc

Entity: Corporation

Industry: All Other Professional, Scientific, and Technical Services

Location: Washington, DC

Cssi, Inc is a corporation located at 425 3rd St Suite 700 in Washington, District of Columbia that received a Coronavirus-related PPP loan from the SBA of $2,781,700.00 in April, 2020.

$ PPP Loan Information
Loan #7536577001

Loan Size:

$2.78M

Jobs Retained:

156

Loan Approved:

2020-04-07

Loan Status:

Ongoing Loan

Lender:

Atlantic Union Bank

Cssi, Inc in Washington, DC received a Paycheck Protection Loan of $2.78M through Atlantic Union Bank, which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

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.

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.

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, Cssi, Inc's 2019 payroll expenses are estimated to be at least $13.35M.

Based on their reported 156 jobs retained, this equals an estimated average yearly compensation of $85,591 per employee¹

Reported PPP Proceed Usage:

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

Payroll: $2,781,700

Because the loan received by Cssi, 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 - Cssi, Inc in Washington, DC

Cssi, Inc
425 3rd St Suite 700
Washington, DC 20024

Business Industry:
All Other Professional, Scientific, and Technical Services
NAICS code 541990

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: N

HUBZone: N

Rural / Urban: Urban

District Of Columbia County, DC — SBA Office 0353 — Congressional District: DC-

Similar Companies near Washington

In the Washington area, 15 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a PPP loan. These local businesses reported an average of 29 employees (compared to this company's 156) and received an average PPP loan of $418,877 (compared to this company's $2.78M).

Similar Nearby Businesses Who Received PPP Funding:

Sicher Consulting, LLC
Washington, DC

$8,895 PPP Loan

Jeremie Sterlin
Washington, DC

$13,317 PPP Loan

Jason Seebach
Washington, DC

$20,315 PPP Loan

Ware Events Incorporated
Washington, DC

$16,100 PPP Loan

7474 Consulting LLC
Washington, DC

$20,833 PPP Loan

Patricia Johnson
Washington, DC

$8,750 PPP Loan

CGH Technologies Inc
Washington, DC

$2M PPP Loan

Public Service Advisors
Washington, DC

$12,500 PPP Loan

Bershan Shaw
Washington, DC

$20,833 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 128,302 businesses in the "All Other Professional, Scientific, and Technical Services" industry received a total of $7.37B in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 5 employees, 97% lower than Cssi, Inc's reported 156 employees, and received an average PPP loan of $57,481, 98% lower than this company's loan of $2.78M.

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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