FAC Explorer

Audit 400050

FY End
2025-12-31
Total Expended
$9.25M
Findings
0
Programs
14
Organization: Seattle Economic Development Fund (WA)
Year: 2025 Accepted: 2026-04-29
Auditor: BAKER TILLY

Organization Exclusion Status:

Findings

No findings recorded

Programs

ALN Program Spent Major Findings
59.046 MICROLOAN PROGRAM (SBA) $5.11M Yes 0
59.044 VETERANS OUTREACH PROGRAM (VBOC) $939,917 Yes 0
21.020 COMMUNITY DEVELOPMENT FINANCIAL INSTITUTIONS PROGRAM $720,000 Yes 0
59.046 MICROLOAN PROGRAM $710,426 Yes 0
59.062 INTERMEDIARY LOAN PROGRAM (SBA-ILP) $398,143 Yes 0
59.043 WOMEN'S BUSINESS OWNERSHIP ASSISTANCE $396,245 Yes 0
10.767 INTERMEDIARY RELENDING PROGRAM (USDA) $265,209 Yes 0
11.805 MBDA BUSINESS CENTER $258,046 Yes 0
21.034 STATE SMALL BUSINESS CREDIT INITIATIVE COMPETITIVE TECHNICAL ASSISTANCE PROGRAM $176,345 Yes 0
10.870 RURAL MICORENTREPRENEUR ASSISTANCE PROGRAM $128,171 Yes 0
21.031 OBDD State Small Business Credit Institute Technical Assistance Program Grant $75,122 Yes 0
10.520 AGRICULTURE RISK MANAGEMENT EDUCATION PARTNERSHIPS COMPETITIVE GRANTS PROGRAM $31,074 Yes 0
10.351 RURAL BUSINESS DEVELOPMENT GRANT $26,924 Yes 0
10.870 RURAL MICROENTERPRISE ASSISTANCE PROGRAM (RMAP) $19,788 Yes 0

Contacts

Name Title Type
JEEMY5V9N487 Henry Hitt Auditee
2066864898 Sasha Correnti Auditor
No contacts on file

Notes to SEFA

The accompanying schedule of expenditures of federal awards (the Schedule) includes the federal award activity of Seattle Economic Development Fund dba Business Impact Northwest under programs of the federal government for the year ended December 31, 2025. The information in this Schedule is presented in accordance with the requirements of Title 2 U.S. Code of Federal Regulations Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance). Because the Schedule presents only a selected portion of the operations of Business Impact Northwest, it is not intended to and does not present the consolidated financial position, changes in net assets, or cash flows of Business Impact Northwest.
Activity for loans receivable under federal award programs are as follows for the year ended December 31, 2025:
Notes payable under federal award programs are as follows at December 31, 2025: