Notes to SEFA
Expenditures of the Intermediary Relending Program are comprised of the following: IRP Loan 47-007-460434487 04 Note payable outstanding at December 31, 2024 $ 1,211,709 Total 2025 expenditures $ 1,211,709 The balance of IRP loans receivable outstanding at December 31, 2025, was $2,483,636. The balance of IRP notes payable outstanding at December 31, 2025, was $1,139,475.
Expenditures of the Economic Development Assistance Revolving Loan Fund Program are comprised of the following: RLF #2 RLF #3 Total Notes receivable balance outstanding at December 31, 2025 $ 2,093,972 $ 901,205 $ 2,995,177 Notes receivable written off during 2025 - - - Cash account balances as of December 31, 2025 446,935 147,897 594,832 Administrative expenses for the year ended December 31, 2025 52,276 13,523 65,799 $ 2,593,182 $ 1,062,625 $ 3,655,807 Federal Share 94.51% 80.00% Total 2025 expenditures $ 2,450,700 $ 850,100 $ 3,300,800