Federal loan · guaranteed/insured loan (f)

Hobs Excavating, 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

Paid to

20975 Engen BLVD NW, Elk River, MN, 55330

Small Business Administration

Place

MN, UNITED STATES

MN-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

Hobs Excavating, Inc.

Loan amount

Paid to

Hobs Excavating, Inc.

20975 Engen BLVD NW, Elk River, MN, 55330

Small Business Administration

Place

MN, UNITED STATES

MN-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 ↗