Federal grant · project grant (b)

Seize the Future Development Foundation

This Eda Award to Invest Aurora Will Help Create a New Revolving Loan Fund to Serve the City of Aurora. as the City's Public/private Economic Development Entity, Invest Aurora Is Dedicated to Expanding Economic Opportunities in Aurora. as a Current Revolving Loan Fund Operator, Invest Aurora Is a Good Steward of the Fund's Assets and Has a Well-calibrated Risk Tolerance in Its Selection of Small Business Borrowers Who Are a Critical Source of the City's Economic Dynamism. the New $2,500,000 Eda-funded Revolving Loan Fund Will Enhance City's Capacity to Help Small Businesses Access the Capital They Need to Recover From the Impacts of the COVID-19 Pandemic and Become More Resilient in the Face of Future Economic Shocks.

Committed

$2.0 Million

Paid out
$260.0K
13%
Committed, not yet paid
$1.7M
87%

How to read these numbers

One award, start to finish: Everything here is this single award's whole record — signed, amended, paid — not a fiscal-year slice. The by-year charts elsewhere split an award across the years it was committed; this page keeps it whole.
Committed vs. ceiling: Committed is what the government has legally promised on this award so far. Contracts can also carry a ceiling — the maximum if every option is exercised. Unspent ceiling is headroom, not money owed.
Paid out: The cash actually disbursed against this award. The gap from committed is the disbursement pipeline: promised, not yet cashed.
The ledger: Each transaction is a signing event — an action that created or changed the award, dated the day it was signed — not a payment. Negative amounts are real: money de-committed at closeout or renegotiation.
The money bar: One bar, the award’s whole arithmetic: paid out, then committed, not yet paid, then .

Source

This award on USAspending.gov ↗