PPP Loan Data — N& S Construction Inc, Louisa, VA
N& S Construction Inc
Location: Louisa, VATweet This • Search All PPP Data
N& S Construction Inc is a corporation located at 3723 Three Notch Rd in Louisa, Virginia that received a Coronavirus-related PPP loan from the SBA of $1,923,566.00 in April, 2020.
The company has reported itself as a White male owned business, and employed at least 132 people during the applicable loan loan period.
PPP Loan Information
Loan Status:Paid in Full or Forgiven
Lender:Old Dominion National Bank
N& S Construction Inc in Louisa, VA received a Paycheck Protection Loan of $1.92M through Old Dominion 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 April, 2021.
Payroll Estimates Based On SBA PPP Loan Eligibility Formula
Understanding The SBA Formula For Determining PPP Loan Eligibility
Understanding Payroll Estimates Based On PPP Amount
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, N& S Construction Inc's 2019 payroll expenses are estimated to be at least $9.23M.
Based on their reported 132 jobs retained, this equals an estimated average yearly compensation of $69,948 per employee1
Reported PPP Proceed Usage:
On the PPP application, N& S Construction Inc reported intending to use the proceeds of their PPP loan for the following expenses:
- Payroll: $1,923,566
Business Information - N& S Construction Inc in Louisa, VA
3723 Three Notch Rd
Louisa, VA 23093
Power and Communication Line and Related Structures Construction
NAICS code 237130
Business Owner Demographics
Ethnicity: Not Hispanic or Latino
Gender: Male Owned
Veteran Status: Unreported
Business Age: Existing or more than 2 years old
LMI Zone: N
Rural / Urban: Rural
Industry PPP Comparison Statistics
Nationwide, 4,817 businesses in the "Power and Communication Line and Related Structures Construction" industry received a total of $1.06B 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 17 employees, 87% lower than N& S Construction Inc's reported 132 employees, and received an average PPP loan of $219,213, 89% lower than this company's loan of $1.92M.
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Footnotes & Information
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