Notes to SEFA
The Organization participates in certain federal award programs that are revolving loan programs. The Organization had the following loan payable balances outstanding as of December 31, 2024, that do not have continuing compliance requirements, which are not included in the Schedule: <CHART> The Organization had the following loan payable balances outstanding as of December 31, 2024, that have continuing compliance requirements, which are included in the Schedule of Expenditures of Federal Awards: <CHART>
The Organization had the following loan receivable balances outstanding as of December 31, 2024, in the SBA’s Community Advantage Loan Program. SBA guaranteed loans receivable have continuing compliance requirements and are included in the Schedule: <CHART>
The Organization had the following loan revolving fund balance as of December 31, 2024, in the U.S. Department of Commerce’s Economic Adjustment Assistance Program. The Economic Adjustment Assistance revolving loan fund has continuing compliance requirements and is included in the Schedule: <CHART>
The Organization had the following loan revolving fund balance as of December 31, 2024, in the U.S. Department of Commerce’s Economic Adjustment Assistance Program that was created as part of the CARES Act. The CARES Act revolving loan fund has continuing compliance requirements and is included in the Schedule: <CHART>