Federal loan · guaranteed/insured loan (f)

Tran Tek Automation Corp.

Awardtype: Guaranteed/insured Loans Activities to Be Performed: Lending Deliverables: Loans Expected Outcomes: Aid and Assist Small-business to Increase Their Ability to Compete in International Markets, Increasing the Access of Small Businesses to Long-term Capital, and in Certain Circumstances, Qualified Employee Trusts (esops). Intended Beneficiaries: Small Businesses Subrecipient Activities: Na

Loan amount

$995,000

Paid to

2470 N Aeropark CT, Traverse City, MI, 49686

Small Business Administration

Place

MI, UNITED STATES

MI-01

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

7(a)Export Loan Guarantees to

Tran Tek Automation Corp.

Loan amount

$995,000

Paid to

Tran Tek Automation Corp.

2470 N Aeropark CT, Traverse City, MI, 49686

Small Business Administration

Place

MI, UNITED STATES

MI-01

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 ↗