Notes to SEFA
Expenditures reported in this schedule consist of the beginning of the year outstanding loan balances of PioneerCare’s USDA direct loan of $13,444,722, as well as $3,835,760, which is 90% of the beginning of the year outstanding balance of PioneerCare’s USDA guaranteed loan. PioneerCare made no advances on the loans during the year ended December 31, 2025. PioneerCare’s outstanding loan balances for the direct loan and the guaranteed loan as of December 31, 2025 are $13,150,723 and $3,749,441 (of which 90% is $4,116,045), respectively.