Notes to SEFA
Expenditures reported on this schedule consist of the beginning of the year outstanding loan balance plus advances made on the loans during the year, if applicable. The loan is guaranteed by the United States Department of Agriculture (USDA) for 90% of the loan principal. Total expenditures reported represents 90% of the beginning of the year outstanding loan balances. The outstanding balance as of June 30, 2025, for this loan was $9,442,162, of which 90% totals $8,497,240.