Federal loan · guaranteed/insured loan (f)

MGN Contracting Inc.

Awardtype: Guaranteed/insured Surety Bonds Activities to Be Performed: Guarantee Surety Bonds Deliverables: Surety Bond Guarantees Expected Outcomes: to Provide Guaranteed Surety Bonds From Sureties to Eligible For-profit Small Businesses. Cover Losses and Expenses Incurred by an Sba Approved Participating Surety Should the Small Business Default on a Contract. Intended Beneficiaries: Small Businesses Subrecipient Activities: Na

Loan amount

$893,928

Paid to

305 Clyde Morris Blvd., Suite 290, Ormond Beach, FL, 32174

Small Business Administration

Place

FL, UNITED STATES

FL-90

What it funds

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 ↗

Federal loan · guaranteed/insured loan (f)

Small Business Administration

Surety Bond Guarantees to

MGN Contracting Inc.

Loan amount

$893,928

Paid to

MGN Contracting Inc.

305 Clyde Morris Blvd., Suite 290, Ormond Beach, FL, 32174

Small Business Administration

Place

FL, UNITED STATES

FL-90

What it funds

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 ↗