Union County Economic Development Corp

The Small Business Administration (SBA) Microloan Program Provides Direct Loans and Grants to Eligible Non-profit Microlenders So That They May Provide Micro-level Loans, and Business Based Training and Technical Assistance to Start- Up, Newly Established and Growing Small Business Concerns.

Committed

$1.5 Million

Paid to

UEI KZCQGM82ZK18

75 Chestnut Street, Cranford, NJ, 07016

Small Business Administration

Place

TOWNSHIP OF CRANFORD, NJ, UNITED STATES

Performance

Jul 1, 2023 → Jun 30, 2024

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 grant · formula grant (a)

Small Business Administration

Microloan Program to

Union County Economic Development Corp

Committed

$1.5 Million

Paid to

Union County Economic Development Corp

UEI KZCQGM82ZK18

75 Chestnut Street, Cranford, NJ, 07016

Small Business Administration

Place

TOWNSHIP OF CRANFORD, NJ, UNITED STATES

Performance

Jul 1, 2023 → Jun 30, 2024

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 ↗