Federal loan · guaranteed/insured loan (f)

Midas

Awardtype: Guaranteed/insured Loans Activities to Be Performed: to Provide Guaranteed Loans From Lenders to Eligible for Profit Small Businesses Which Are Unable to Obtain Financing in the Private Credit Marketplace But Can Demonstrate an Ability to Repay Loans If Granted, in a Timely Manner. the Sba Guarantees 7(A) Program Loans Through Various Loan Processing Methods Including: (1) Standard 7(A) Loans; (2) 7(A) Small Loans; (3) Sbaexpress Loans; (4) Capline Loans; (5) the Qualified Employee Trust (esop); (6) International Trade; (7) Export Express; and (8) Export Working Capital Loan Programs. Deliverables: Loan Guarantees Expected Outcomes: to Provide Guaranteed Loans From Lenders to Eligible for Profit Small Businesses. Intended Beneficiaries: Small Businesses Subrecipient Activities: Na

Loan amount

$4.3 Million

Paid to

Midas

928 H Street, Marysville, CA, 95901

Small Business Administration

Place

CA, UNITED STATES

CA-90

What it funds

Award type

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

7(a) Loan Guarantees to

Midas

Loan amount

$4.3 Million

Paid to

Midas

928 H Street, Marysville, CA, 95901

Small Business Administration

Place

CA, UNITED STATES

CA-90

What it funds

Award type

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 ↗