Notes to SEFA
Expenditures reported in this schedule consist of the beginning of the year outstanding loan balances of Southwest’s USDA direct loans of $13,143,819. If applicable, advances made on the loans during the year are reported on the schedule. Southwest made no advances on the loans during the year ended December 31, 2024. Southwest’s outstanding loan balances for the direct loans as of December 31, 2024 are $12,795,514.