Federal loan · direct loan

Union County Economic Development Corporation

Awardtype: Direct Loans, Other Activities to Be Performed: Lending, Advisory Services, Grants. Deliverables: Loans Expected Outcomes: Successful Small Businesses. Intended Beneficiaries: Minority Group, Small Business, Private Nonprofit Institution/organization, Quasi-public Nonprofit Organization, Small Business Person, Women, Public Nonprofit Institution/organization. Subrecipient Activities: Na

Loan amount

$1.0 Million

$93.7K subsidy cost

Paid to

Union County Economic Development Corporation

75 Chestnut Street, Cranford, NJ, 07016

Small Business Administration

Place

NJ, UNITED STATES

NJ-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 · direct loan

Small Business Administration

Microloan Program to

Union County Economic Development Corporation

Loan amount

$1.0 Million

$93.7K subsidy cost

Paid to

Union County Economic Development Corporation

75 Chestnut Street, Cranford, NJ, 07016

Small Business Administration

Place

NJ, UNITED STATES

NJ-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 ↗