In re Kabbage, Inc. d/b/a KServicing — Williams Declaration re Motion to Enforce Customers Bank Settlement
Summary
The declaration of Tamica M. Williams, Corporate Controller of Kabbage, Inc. d/b/a KServicing, in support of the debtors' motion to enforce the settlement order and settlement agreement with Customers Bank, filed December 7, 2022 as Doc 343-1 in In re Kabbage, Inc. d/b/a KServicing, Case No. 22-10951 (CTG), in the U.S. Bankruptcy Court for the District of Delaware. It states that under the October 27, 2022 settlement, approved November 9, 2022, the parties agreed on a Settlement Amount of $58 million, less disputed holdbacks. According to the declaration, Customers Bank paid a total of $20,499,683, while KServicing calculates the amount owed as $23,780,786.63, after holdbacks of $8,317,023.23 for fees and $25,902,190.14 for remittances. It explains how KServicing revised the cancelled-loan figure to $1,677,192.00 using SBA loan data.
Summary drafted by a model from the document's text below and checked by script against that text before publication. It is a navigation aid, not a reading of what the document proves. Where AI is used
- Date
- 2022-12-07
Cite this document
“In re Kabbage, Inc. d/b/a KServicing — Williams Declaration re Motion to Enforce Customers Bank Settlement.”
Original at archive.org, dated 2022-12-07. Archived at Pandemic Darlings, https://pandemicdarlings.com/source-documents/2022-12-07-kservicing-bankruptcy-86e2989f-1/
, SHA-256 86e2989f0f14b2c9077e48da6cc065b0e9df247d9fcb50698a94d9411c39c950.Full text
Case 22-10951-CTG Doc 343-1 Filed 12/07/22 Page 1 of 32
EXHIBIT 1
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UNITED STATES BANKRUPTCY COURT
DISTRICT OF DELAWARE
------------------------------------------------------------ x
In re : Chapter 11
:
KABBAGE, INC. d/b/a KSERVICING, et al., : Case No. 22-10951 (CTG)
:
: (Jointly Administered)
Debtors. 1
: Re: Docket Nos. 172, 173, 174 & 340
------------------------------------------------------------ x
DECLARATION OF TAMICA M. WILLIAMS IN SUPPORT OF
MOTION OF DEBTORS FOR ENTRY OF AN ORDER ENFORCING THE
SETTLEMENT ORDER AND THE SETTLEMENT AGREEMENT
BETWEEN KSERVICING AND CUSTOMERS BANK
I, Tamica M. Williams, declare pursuant to 28 U.S.C. § 1746, under penalty of
perjury that the following is true and correct to the best of my knowledge, information, and
belief:
1. I am the Corporate Controller of Kabbage, Inc. d/b/a KServicing (the
“Company” or “KServicing”) and its affiliated debtors in the above-captioned chapter 11 cases
(the “Chapter 11 Cases”), as debtors and debtors-in-possession (collectively, the “Debtors”). I
have served as the Corporate Controller since November 2021. As Corporate Controller, I establish
and implement financial policies and controls, supervise all accounting and financial functions,
and prepare financial statements.
2. I have over nineteen years of experience conducting and overseeing general
ledger accounting, controllership, finance and operational risk, and financial reporting for various
1
The Debtors in these chapter 11 cases, along with the last four digits of each Debtor’s federal tax identification
number, as applicable are: Kabbage, Inc. d/b/a KServicing (3937); Kabbage Canada Holdings, LLC (N/A); Kabbage
Asset Securitization LLC (N/A); Kabbage Asset Funding 2017-A LLC (4803); Kabbage Asset Funding 2019-A
LLC (8973); and Kabbage Diameter, LLC (N/A). Kabbage is a trademark of American Express used under license;
Kabbage, Inc. d/b/a KServicing is not affiliated with American Express. The Debtors’ mailing and service address
is 925B Peachtree Street NE, Suite 383, Atlanta, GA 30309.
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companies in the financial industry. Before joining the Company, I worked as Assistant Financial
Controller for Truist Wealth, and Financial Controller for SunTrust Investment Services, Inc. Prior
to those positions, I worked for SunTrust bank for more than ten years, starting as Assistant Vice
President and Wholesale Banking Account Manager, and over the years rising to Vice President,
Senior Manager of Corporate Finance where I led a team of 8 senior level accountants, and created
and maintained corporate policies, procedures, and controls related to reconciliations, reporting,
and journal entries.
3. I have a Bachelor of Business Administration and Master of Accountancy
degrees in Accounting, both from Georgia Southern University, and I am a Certified Public
Accountant in the state of Georgia, as well as a Certified Internal Auditor.
4. I submit this declaration in support of the Motion Of Debtors For Entry of
An Order Enforcing The Settlement Order And The Settlement Agreement Between KServicing
And Customers Bank filed contemporaneously herewith (the “Motion to Enforce Settlement”). I
am knowledgeable about, and familiar with KServicing’s calculation of the final Settlement
Payment owed by Customers Bank (“CB”) pursuant to the Settlement and Release Agreement,
dated October 27, 2022 (the “Settlement Agreement”). Except as otherwise indicated, the facts
set forth in this declaration are based upon my personal knowledge, my review of relevant
documents and databases, as well as information provided to me by employees working under my
supervision. If called upon to testify, I would testify to the facts set forth in this declaration.
The Current Dispute with CB
5. The current dispute between CB and KServicing arises from CB’s failure to
pay KServicing the full amount owed to it under the Settlement Agreement, which was approved
2
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by the Bankruptcy Court on November 9, 2022 [Docket No. 232] (the “Settlement Order”)
following a hearing on the matter that was held on November 7, 2022.
6. Through the Settlement Agreement, CB and KServicing (collectively, the
“Parties”) agreed upon a Settlement Amount of $58 million to resolve, among other things, the
outstanding $65.5 million receivable due from CB to KServicing. A material component of the
Settlement Amount was a payment (the “Settlement Payment”) that CB was to make to
KServicing following this Court’s approval of the Settlement Agreement.
7. The Settlement Agreement itself sets forth certain amounts for holdbacks,
to be deducted from the Settlement Amount, for SBA fees, borrower remittances, and cancelled
loans, that indicated CB’s expectation that the amount of the cash payment would be
approximately $23.2 million.
8. The Settlement Payment is a calculation that involves CB and KServicing
engaging in a good faith reconciliation process to determine the correct amount owed to
KServicing (the “Reconciliation Process”). At the outset, I believed that the Parties’ respective
positions on the correct Settlement Payment were relatively close with perhaps a variance of a few
hundred thousand dollars. In furtherance of the Reconciliation Process, I reviewed, analyzed, and
worked with the KServicing team to reconcile various data sources related to the cancelled loans
and borrower remittance holdback amounts, including trial balance files, remittance reports, source
material data maintained by the SBA, wire transfer records, and bank account statements, to
determine the proper amount of the Settlement Payment.
9. As more fully set forth in the accompanying declaration of my colleague
Donna Evans, CB requested that KServicing run multiple reports and provide voluminous
requested deliverables—including data sets CB requested from multiple sources, reports generated
3
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from raw data files, banking records dating back from loan origination, and voluminous loan
reports, then simply stopped engaging in the Reconciliation Process after November 10th.
10. After unilaterally ending the Reconciliation Process without having a final
discussion with KServicing, CB originally sent KServicing $19,469,355 on November 14th and
claimed that amount constituted the Settlement Payment. The next day CB wired additional funds
to KServicing raising the total payment to $20,499,683.
11. KServicing has determined that the full amount owed by CB to KServicing
under the Settlement Agreement is $23,780,786.63.
The Settlement Agreement
12. On October 27, 2022, the Debtors entered into the Settlement Agreement,
which the Bankruptcy Court approved by its Settlement Order. The Settlement Agreement sets
forth a formula by which the Settlement Payment amount, which CB is obligated to pay to
KServicing, is to be calculated: the Settlement Payment is defined as “the Settlement Amount [of
$58 million] less the amount of the Disputed KServicing Holdbacks as of the Petition Date.” The
“Disputed KServicing Holdbacks” is the sum of (1) the Disputed KServicing Fee Holdbacks; and
(2) the Disputed KServicing Remittance Holdbacks. Thus, the Settlement Payment owed by CB is
the $58 million less the sum of the Disputed KServicing Fee Holdbacks and Disputed KServicing
Remittance Holdbacks.
13. The “Disputed KServicing Remittance Holdback” is defined in the
Settlement Agreement as consisting of two components: (i) funds “collected from borrowers that
KServicing is required to remit to CB,” and (ii) funds “held by KServicing on account of cancelled
loans.” The first component consists of a variety of funds, including payments on loans made by
borrowers, that KServicing received from borrowers on account of loans for which CB is the issuer
4
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and KServicing the servicer. The second component, the cancelled loan remittance amount,
consists of funds that were disbursed by CB to KServicing for loans that borrowers sought and
were approved for, but were either later cancelled and the funds were therefore not disbursed to
those borrowers or where the funds were disbursed to the borrower but then returned to
KServicing.
KServicing’s Settlement Payment Calculation
14. Attached hereto as Exhibit 1 is a spreadsheet I prepared setting forth
KServicing’s calculation of the accurate amount of the KServicing Disputed Holdback Amounts
and resulting Settlement Payment amount. Below I explain below how KServicing determined
these amounts, shown in the below chart, and leads to a Settlement Payment of $23,780,786.63.
Total Settlement Amount $58,000,000
LESS
Disputed KServicing Fee Holdback ($8,317,023.23)
Disputed KServicing Remittance Holdback ($25,902,190.14)
(Total of A and B below)
A. Funds on Account of Cancelled ($1,677,192.00)
Loans
B. Funds Collected from Borrowers ($24,224,998.14)
EQUALS
$23,780,786.63
Settlement Payment
5
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15. First, there is no material dispute as to the “Disputed KServicing Fee
Holdback” amount. Both CB and KServicing have calculated that number as $8,317,023.23.
16. Second, in the “Disputed KServicing Remittance Holdback” category in the
Settlement Agreement is KServicing’s accounting of the amount due to CB on account of
cancelled loans. As I explained briefly above, the “cancelled loans” remittance holdback amount
consists of funds for loans that were requested by borrowers, where the loan was approved and
funds disbursed by CB to KServicing, but where the loan was either cancelled before the funds
were disbursed to the borrower (and thus remained in KServicing’s possession) or the borrower
returned the loaned funds to KServicing after receiving them. Thus, for purposes of the Settlement
Payment, the larger the amount of funds held on account of cancelled loans, the less CB would
owe KServicing; conversely, the smaller the amount of funds held on account of cancelled loans,
the more CB would owe KServicing under the Settlement Agreement.
17. The preliminary amount held on account of cancelled loans KServicing sent
to CB on November 4, 2022 was $3,617,304. This was based on preliminary work performed by
KServicing’s former CFO (who departed the company in June 2022).
18. CB, however, informed KServicing by phone on November 7th that it
believed the cancelled loan holdback amount was closer to $1.6 million. Upon receiving that
information, I worked with other KServicing employees to determine the accurate amount of the
cancelled loans. In doing this work, we utilized the most reliable source of information -- recent
data compiled by the SBA2 on a loan-by-loan basis. The SBA website expressly lists whether a
particular loan has been cancelled. We looked up each loan on the SBA website that we had
2
The SBA website from which KServicing obtained this data, using KServicing’s log in information is
https://forgiveness.sba.gov/accounts/login/?next=/requests/home/ (last accessed Dec. 5, 2022).
6
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previously counted as cancelled to determine whether the loan was, in fact, cancelled, or, instead
was actually disbursed and being repaid or in the process of being forgiven by the SBA. This
entailed cross referencing the list of loans in the spreadsheet that led to the November 4th
approximate $3.6 million figure, using the SBA Loan ID number, with the SBA’s source data
obtained from the SBA website. After doing so, we determined that a number of those loans on
the spreadsheet provided by our former CFO to CB had not been cancelled, and that the funds due
to CB on account of cancelled loans was therefore significantly less than KServicing had initially
estimated based on the record kept by its former CFO. At the end of that process, I determined that
the accurate amount KServicing held on account of cancelled loans was $1,677,192.00 – a number
entirely consistent with the amount that CB indicated to us on November 7 was the accurate
amount of the cancelled loans. That amount is reflected in Exhibit 1. The result of this analysis is
an increase in the Settlement Payment in an amount of $1,940,112.
19. Third, the other item in the “Disputed KServicing Remittance Holdback”
category described in the Settlement Agreement is KServicing’s accounting of the amount due to
CB on account of funds collected from borrowers (“Borrower Remittance”). As detailed below,
I determined, based on a review and cross reference of a number of data sources, including bank
reconciliations of customer payment receipts, KServicing’s finalized cancelled loan list, as well as
an additional file we were directed to by the Company’s former CFO, that the amount held on
account of Borrower Remittances is $24,224,889. As shown in Exhibit 1 and below, there are
several components that make up this amount.
7
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CUBI KServicing
Borrower Principal Repayments and $25,578,633 $24,022,977
Returns per Remittance File
Interest Collected $1,030,328 $1,030,329
Reported Remittance Account Variance $497,900 $497,900
Fees Owed to SBA (Borrower ($1,150,513) ($1,071,094)
Overpayments)
Returned/Cancelled Loans in ($426,258) ($392,964)
Remittance Report
Additional Loans not Disbursed (per $35,899 $137,851
former CFO, Daniel Eidson)
Total Funds Collected From $25,565,989 $24,224,998
Borrowers
20. The majority of the Borrower Remittance amount is made up of loan
payments made by borrowers and funds otherwise returned to KServicing by borrowers on account
of loans issued by CB, which I have calculated, with the assistance of other KServicing team
members, as $24,022,977. By contrast, CB incorrectly used the amount of $25,578,633 on account
of payments made by borrowers in calculating its November 15th payment; CB used preliminary
data provided by KServicing on November 4th to calculate that amount, which did not account for
certain borrower remittance payments KServicing had already paid to CB.
21. With respect to these borrower payments received by KServicing but not
then remitted to CB, we knew that the Company’s former CFO, Mr. Eidson, had been involved in
creating a spreadsheet reflecting preliminary analysis of Synovus Bank account information
showing borrower repayments, which KServicing sent to CB on November 4, 2022 (“Synovus
Repayment File”) and which CB stated they used to calculate the corresponding figure included
8
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in their settlement payment. As a result, I, along with my colleagues, worked to determine whether
the data in this spreadsheet was up to date, or (a) whether KServicing had other data or files related
to the issue that would show whether KServicing received additional payments from borrowers it
needed to remit to CB (which would result in a higher payment due to CB), or (b) the opposite—
whether KServicing had passed on additional borrower payments to CB not reflected in that data
(which would result in a lower payment due to CB).
22. In performing the tasks related to this work, we learned from Mr. Eidson on
November 10, 2022 that there was a file of which we were not previously aware that reflected
amounts KServicing had passed on to CB on account of additional borrower payments. A copy of
that file, titled “Loan Return Analysis 2-1-21,” is attached hereto as Exhibit 2 (“2021 Return
Analysis”). A review of Mr. Eidson’s email also confirms that he sent a copy of that file to CB on
October 21, 2020. A copy of that email and its attachment is attached hereto as Exhibit 3. I
reviewed this file, the Company’s bank statements, the Synovus Repayment File, and wire transfer
records, and determined that KServicing, at the direction of its former CFO, had separately already
paid to CB on October 21, 2020 $1,555,656 of borrower payments on account of five individual
loans listed in the Synovus Repayment File, but the payments to CB had not been accounted for
in the Synovus Repayment File.
23. Specifically, because the 2021 Return Analysis showed payments
KServicing had previously made to CB, listed by loan number, I compared the loan number and
amount recorded as paid for every loan listed in the 2021 Return Analysis as compared to the
Synovus Repayment File, to determine if the payment amounts varied. In doing so, I determined
that the 2021 Return Analysis showed payments KServicing made on account of five specific loans
that were not reflected in the Synovus Repayment File. To confirm that KServicing in fact remitted
9
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these amounts to CB, I reviewed KServicing’s bank statements and located a wire transfer record
for a wire made by KServicing to CUBI on October 21, 2020 in the amount of $4,769,017.89. That
wire transfer record is attached hereto as Exhibit 4. The amount of that wire transfer matches, to
the penny, the total amount KServicing paid to CB reflected in Column U of the 2021 Return
Analysis file of $4,769,017.89. See Exhibits 2, 3. The date of the wire transfer is the same date
the 2021 Return Analysis states those payments were made: October 21, 2020. A summary I
created of the total amount originally owed to CB for each of these five loans reflected in the
Synovus Repayment File, the amounts KServicing already paid to CB, and the resulting amounts
of what KServicing actually owed CB on account of these 5 loans is reflected in Exhibit 5 hereto,
titled Additional Amounts of Borrower Remittance Payments Paid to CB on October 21, 2020.3
24. As a result, the $1,555,656 in payments already made to CUBI on account
of those five loans should be removed from the Borrower Remittance amount to be deducted from
the Settlement Amount of $58 million in order to arrive at the correct Settlement Payment. The
exact amount of the difference between CB’s November 15th $25,578,633 figure on account of
borrower payments and KServicing’s calculation of that amount is the $1,555,656 KServicing
already remitted to CB as shown in the records I reviewed, as I describe above.
25. KServicing’s calculation of the $24,224,889 Borrower Remittance amount
includes five other smaller elements, two of which are identical to the amounts CB identified, one
of which is more (and therefore in CB’s favor) than CB’s amount, and two vary slightly from CB’s
amounts. All of these are reflected in Exhibit 1. First, the amounts on account of interest collected
by KServicing ($1,030,328) were calculated as the same (within $1, in CB’s favor) by both parties.
3
I made certain minor adjustments within the summary to account for the fact that the payments previously made to
CB either did not include interest owed, omitted additional amounts that were owed to CB, or needed to be
reconciled and adjusted based on subsequent refunds given to customers.
10
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Second, an amount of $497,900 was added to this category by both CB and KServicing based on
records contained in the Synovus Repayment File. Third, KServicing calculated $1,071,094 as the
amount of borrower overpayments owed to the SBA (and therefore not owed to CB), $79,419 less
than CB’s figure. Fourth, KServicing located in the remittance report $392,964 in duplications of
the cancelled loan population (and a deduction from this holdback category, not owed to CB),
$33,294 less than CB’s figure. And finally, KServicing located $137,851 in additional loans not
disbursed in the Synovus Repayment File sent to CB on November 4, 2022, where CB calculated
$35,899 for that category, such that KServicing’s calculation results in a $101,952 decrease in
calculating CB’s Settlement Payment as compared to CB’s figure.
26. In sum, KServicing’s calculation of $24,224,998 in Borrower Remittance
due to CB is $1,340,991 less than CB’s calculation of $25,565,989 for that category, with the
majority of the net difference due to payments the Company already remitted to CB on October
21, 2020 and are therefore no longer owed by KServicing.
27. I, along with my colleagues at KServicing, put many days into reconciling
all available data sources and other sources of information, including from the SBA, in order to
calculate these figures, and I am confident that these calculations are accurate.
28. I also closely reviewed the information (in a PDF document) CB sent to the
Company on November 15th to justify its underpayment. For the reasons set forth above, CB’s
analysis is inaccurate and does not reflect the amounts of the Settlement Payment owed under the
Settlement Agreement.
11
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Conclusion
29. Based on the painstaking work performed by me and my team, the correct
Settlement Payment owed by CB to KServicing under the Settlement Agreement is
$23,780,786.63.
I declare under penalty of perjury that, to the best of my knowledge and after
reasonable inquiry, the foregoing is true and correct.
Date: December 7, 2022
Atlanta, Georgia
/s/ Tamica M. Williams
Tamica M. Williams
12
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EXHIBIT 1
Case 22-10951-CTG Doc 343-1 Filed 12/07/22 Page 15 of 32
Exhibit 1
KServicing Settlement Payment Calculation
CUBI Kservicing Net Receivable Difference
Total Settlement Amount $58,000,000 $58,000,000 $0
Disputed KServicing Fee Holdback $8,317,023 $8,317,023
$0
Funds on Account of Cancelled Loans $3,617,304 $1,677,192 $1,940,112
Returned/Cancelled Loans in ($426,258) ($392,964) ($33,294)
Remittance Report
Additional Loans not Disbursed (per $35,899 $137,851 ‐$101,952
former CFO)
Borrower Principal Repayments and $25,578,633 $24,022,977 $1,555,656
Returns per Remittance File
Interest Collected $1,030,328 $1,030,329 ‐$1
Fees Owed to SBA (Borrower ($1,150,513) ($1,071,094) ($79,419)
Overpayments)
Reported Remittance Account $497,900 $497,900 $0
Variance
Total Funds Collected from Borrowers $25,565,989 $24,224,998 $1,340,991
Settlement Payment $20,499,683 $23,780,787 ‐$3,281,103
Case 22-10951-CTG Doc 343-1 Filed 12/07/22 Page 16 of 32
EXHIBIT 2
Case 22-10951-CTG Doc 343-1 Filed 12/07/22 Page 17 of 32
Key-AcctID + SBA Loan # LoanID SBALoanID CustomerFundingTransactionID OriginationDate PurchaseDate LoanAmount MaturityDate AccountID OutstandingPrincipal FullyPaidOffFlag FullyPrepaidFlag BorrowerName FundingTransactionStatus ETranStatus LoanCancelFlag OutstandingPrincipal Master Bal by SBA Loan # var Item Amt Returned
18366618634997301 347787 8634997301 7439496 5/1/2020 5/2/2020 1,250,925.00 5/1/2022 1836661 - PostAuthorized 0 - 1,250,925.00 1,250,925.00 1 1,250,925.00
17980749151577707 493617 9151577707 7563540 5/8/2020 5/9/2020 1,146,133.00 5/8/2022 1798074 41,791.27 PostAuthorized 0 41,791.27 1,146,133.00 1,104,341.73 1 1,108,235.45
22449592948317901 662722 2948317901 7923312 6/12/2020 6/13/2020 360,202.00 6/12/2025 2244959 917.77 PostAuthorized 0 917.77 360,202.00 359,284.23 1 360,202.00
19377479351437302 354101 9351437302 7465600 5/3/2020 5/4/2020 266,708.00 5/3/2022 1937747 219.21 PostAuthorized 0 219.21 266,708.00 266,488.79 1 266,708.00
18811542052838004 713629 2052838004 8054056 6/23/2020 6/24/2020 121,531.00 6/23/2025 1881154 - UserCanceled 1 - 121,531.00 121,531.00 1 - still investigating
17732149034347709 448950 9034347709 7475626 5/4/2020 5/5/2020 99,574.00 5/4/2022 1773214 - PostAuthorized 1 - 99,574.00 99,574.00 1 - still investigating
14139319024317707 457531 9024317707 7479224 5/4/2020 5/5/2020 85,251.00 5/4/2022 1413931 - PostAuthorized 0 - 85,251.00 85,251.00 1 85,251.00
17975939237017704 520964 9237017704 7596503 5/10/2020 5/11/2020 82,054.00 5/10/2022 1797593 139.38 PostAuthorized 0 139.38 82,054.00 81,914.62 1 82,054.00
20894032507857403 581114 2507857403 7687053 5/16/2020 5/17/2020 79,625.00 5/16/2022 2089403 21,950.00 PostAuthorized 0 21,950.00 79,625.00 57,675.00 1 57,675.00
17747428999147710 442280 8999147710 7496454 5/5/2020 5/6/2020 78,739.00 5/5/2022 1774742 133.75 PostAuthorized 0 133.75 78,739.00 78,605.25 1 78,739.00
18815252310827401 467003 2310827401 7523798 5/6/2020 5/7/2020 73,163.00 5/6/2022 1881525 20,513.00 PostAuthorized 0 20,513.00 73,163.00 52,650.00 1 52,650.00
17835516710777908 681420 6710777908 7970511 6/17/2020 6/18/2020 72,587.00 6/17/2025 1783551 - UserCanceled 1 - 72,587.00 72,587.00 1 - still investigating
21409436126077410 576973 6126077410 7675364 5/15/2020 5/16/2020 64,203.00 5/15/2022 2140943 - PostAuthorized 0 - 64,203.00 64,203.00 1 64,203.00
21820233322887802 658512 3322887802 7903319 6/10/2020 6/11/2020 62,500.00 6/10/2022 2182023 - UserCanceled 1 - 62,500.00 62,500.00 1 - still investigating
22985727842537902 689151 7842537902 7989705 6/18/2020 6/19/2020 59,867.00 6/18/2025 2298572 - PostAuthorized 1 - 59,867.00 59,867.00 1 59,867.00
19386756981777910 680565 6981777910 7969125 6/17/2020 6/18/2020 58,659.00 6/17/2025 1938675 - UserCanceled 1 - 58,659.00 58,659.00 1 18,131.00
18823097554967908 686206 7554967908 7982996 6/18/2020 6/19/2020 56,124.00 6/18/2025 1882309 - UserCanceled 1 - 56,124.00 56,124.00 1 - still investigating
17731726981697910 685781 6981697910 7982340 6/18/2020 6/19/2020 45,354.00 6/18/2025 1773172 - UserCanceled 1 - 45,354.00 45,354.00 1 - still investigating
17443266915157903 694719 6915157903 8009826 6/20/2020 6/21/2020 41,182.00 6/20/2025 1744326 - UserCanceled 1 - 41,182.00 41,182.00 1 - still investigating
17716629014817700 456152 9014817700 7478185 5/4/2020 5/5/2020 37,299.00 5/4/2022 1771662 - PostAuthorized 0 - 37,299.00 37,299.00 1 37,299.00
18761876912327900 681317 6912327900 7970305 6/17/2020 6/18/2020 34,179.00 6/17/2025 1876187 - UserCanceled 1 - 34,179.00 34,179.00 1 20,235.00
17799557111337200 518049 7111337200 7591159 5/9/2020 5/10/2020 33,481.00 5/9/2022 1779955 - PostAuthorized 0 - 33,481.00 33,481.00 1 33,481.00
18913876024507309 464841 6024507309 7521031 5/6/2020 5/7/2020 33,056.00 5/6/2022 1891387 - UserCanceled 1 - 33,056.00 33,056.00 1 33,056.00
5767602505647406 460164 2505647406 7513653 5/5/2020 5/6/2020 27,940.00 5/5/2022 576760 24.49 PostAuthorized 0 24.49 27,940.00 27,915.51 1 27,915.51
17443264052227208 4052227208 7573514 5/8/2020 5/9/2020 25,531.00 5/8/2022 1744326 ManuallyReversed 0 - 25,531.00 25,531.00 1 - still investigating
23012787948487909 703483 7948487909 8029108 6/22/2020 6/23/2020 23,611.00 6/22/2025 2301278 - UserCanceled 1 - 23,611.00 23,611.00 1 23,611.00
23767961924478105 799119 1924478105 8279376 7/10/2020 7/11/2020 23,270.00 7/10/2025 2376796 - UserCanceled 1 - 23,270.00 23,270.00 1 23,270.00
20964183156647401 537911 3156647401 7614086 5/11/2020 5/12/2020 22,681.00 5/11/2022 2096418 - PostAuthorized 0 - 22,681.00 22,681.00 1 22,681.00
21323776349267808 645985 6349267808 7852667 6/3/2020 6/4/2020 21,778.00 6/3/2022 2132377 - UserCanceled 1 - 21,778.00 21,778.00 1 - still investigating
24950672046258109 804947 2046258109 8302184 7/13/2020 7/14/2020 20,833.00 7/13/2025 2495067 - UserCanceled 1 - 20,833.00 20,833.00 1 20,833.00
25535795591898101 838914 5591898101 8403171 7/21/2020 7/22/2020 20,833.00 7/21/2025 2553579 - UserCanceled 1 - 20,833.00 20,833.00 1 20,833.00
17835519178697305 9178697305 7643982 5/13/2020 5/14/2020 20,833.00 5/13/2022 1783551 ManuallyReversed 0 - 20,833.00 20,833.00 1 20,833.00
25245305747578107 838967 5747578107 8403264 7/21/2020 7/22/2020 20,833.00 7/21/2025 2524530 - UserCanceled 1 - 20,833.00 20,833.00 1 20,833.00
25519725646478102 838915 5646478102 8403185 7/21/2020 7/22/2020 20,833.00 7/21/2025 2551972 - UserCanceled 1 - 20,833.00 20,833.00 1 20,833.00
24948232045058106 806117 2045058106 8305366 7/13/2020 7/14/2020 20,833.00 7/13/2025 2494823 - UserCanceled 1 - 20,833.00 20,833.00 1 20,833.00
25371994645018108 829405 4645018108 8375946 7/20/2020 7/21/2020 20,833.00 7/20/2025 2537199 - PostAuthorized 1 - 20,833.00 20,833.00 1 20,833.00
25699536118858110 839779 6118858110 8407394 7/21/2020 7/22/2020 20,833.00 7/21/2025 2569953 - UserCanceled 1 - 20,833.00 20,833.00 1 20,833.00
19733055442547308 605278 5442547308 7744622 5/21/2020 5/22/2020 20,833.00 5/21/2022 1973305 - UserCanceled 1 - 20,833.00 20,833.00 1 - still investigating
26631371579338205 881920 1579338205 8548531 7/31/2020 8/1/2020 20,833.00 7/31/2025 2663137 - UserCanceled 1 - 20,833.00 20,833.00 1 20,833.00
18119339150877701 493041 9150877701 7563060 5/8/2020 5/9/2020 20,833.00 5/8/2022 1811933 - PostAuthorized 0 - 20,833.00 20,833.00 1 20,833.00
25525205514848104 832460 5514848104 8381131 7/20/2020 7/21/2020 20,833.00 7/20/2025 2552520 - UserCanceled 1 - 20,833.00 20,833.00 1 20,833.00
26811302214188210 900104 2214188210 8619859 8/4/2020 8/5/2020 20,833.00 8/4/2025 2681130 - UserCanceled 1 - 20,833.00 20,833.00 1 20,833.00
18195938995437706 442837 8995437706 7497114 5/5/2020 5/6/2020 20,833.00 5/5/2022 1819593 - PostAuthorized 0 - 20,833.00 20,833.00 1 20,833.00
5659883527478209 909505 3527478209 8656903 8/5/2020 8/6/2020 20,833.00 8/5/2025 565988 - UserCanceled 1 - 20,833.00 20,833.00 1 20,833.00
19799134012877308 507424 4012877308 7576823 5/8/2020 5/9/2020 20,833.00 5/8/2022 1979913 - PostAuthorized 0 - 20,833.00 20,833.00 1 20,833.00
25634495974678102 839828 5974678102 8407698 7/21/2020 7/22/2020 20,833.00 7/21/2025 2563449 - UserCanceled 1 - 20,833.00 20,833.00 1 20,833.00
25635635983528105 837696 5983528105 8398961 7/21/2020 7/22/2020 20,833.00 7/21/2025 2563563 - UserCanceled 1 - 20,833.00 20,833.00 1 20,833.00
27122443096148201 900181 3096148201 8620031 8/4/2020 8/5/2020 20,347.00 8/4/2025 2712244 - UserCanceled 1 - 20,347.00 20,347.00 1 20,347.00
26309609155548103 869940 9155548103 8509006 7/28/2020 7/29/2020 20,306.00 7/28/2025 2630960 - UserCanceled 1 - 20,306.00 20,306.00 1 20,306.00
18761878627197310 8627197310 7458467 5/2/2020 5/3/2020 20,235.00 5/2/2022 1876187 ManuallyReversed 0 - 20,235.00 20,235.00 1 - still investigating
26024387758108100 864447 7758108100 8489323 7/27/2020 7/28/2020 20,180.00 7/27/2025 2602438 - UserCanceled 1 - 20,180.00 20,180.00 1 20,180.00
20193162963007410 2963007410 7661272 5/14/2020 5/15/2020 19,834.00 5/14/2022 2019316 PostAuthorized 0 - 19,834.00 19,834.00 1 19,834.00
24953572089038102 800139 2089038102 8285202 7/11/2020 7/12/2020 19,630.00 7/11/2025 2495357 - UserCanceled 1 - 19,630.00 19,630.00 1 19,630.00
17433249009337704 475485 9009337704 7536005 5/6/2020 5/7/2020 19,168.00 5/6/2022 1743324 - PostAuthorized 0 - 19,168.00 19,168.00 1 19,168.00
22490092878837908 679625 2878837908 7965965 6/17/2020 6/18/2020 19,145.00 6/17/2025 2249009 - UserCanceled 1 - 19,145.00 19,145.00 1 19,145.00
24507909562278004 805007 9562278004 8302269 7/13/2020 7/14/2020 18,748.00 7/13/2025 2450790 - UserCanceled 1 - 18,748.00 18,748.00 1 18,748.00
19753064184327303 511780 4184327303 7584438 5/9/2020 5/10/2020 18,541.00 5/9/2022 1975306 31.50 PostAuthorized 0 31.50 18,541.00 18,509.50 1 18,541.00
20194305937587801 635435 5937587801 7828879 6/1/2020 6/2/2020 18,256.00 6/1/2022 2019430 - PostAuthorized 1 - 18,256.00 18,256.00 1 18,256.00
25023122460218103 806027 2460218103 8305066 7/13/2020 7/14/2020 18,188.00 7/13/2025 2502312 - UserCanceled 1 - 18,188.00 18,188.00 1 18,188.00
19386756024177306 6024177306 7476500 5/4/2020 5/5/2020 18,131.00 5/4/2022 1938675 ManuallyReversed 0 - 18,131.00 18,131.00 1 - still investigating
17731722894097301 2894097301 7565817 5/8/2020 5/9/2020 17,849.00 5/8/2022 1773172 ManuallyReversed 0 - 17,849.00 17,849.00 1 - still investigating
17693359211627309 538995 9211627309 7615187 5/11/2020 5/12/2020 17,671.00 5/11/2022 1769335 - UserCanceled 1 - 17,671.00 17,671.00 1 17,671.00
18934226486967301 483048 6486967301 7547419 5/7/2020 5/8/2020 16,666.00 5/7/2022 1893422 - PostAuthorized 0 - 16,666.00 16,666.00 1 16,666.00
22639193029687900 664884 3029687900 7928575 6/13/2020 6/14/2020 16,498.00 6/13/2025 2263919 - Reversed 0 - 16,498.00 16,498.00 1 16,498.45
26155888443588104 857753 8443588104 8472835 7/27/2020 7/28/2020 16,250.00 7/27/2025 2615588 - UserCanceled 1 - 16,250.00 16,250.00 1 16,250.00
19535756427707304 6427707304 7615739 5/11/2020 5/12/2020 16,017.00 5/11/2022 1953575 ManuallyReversed 0 - 16,017.00 16,017.00 1 16,017.00
24639159557808003 804311 9557808003 8300673 7/13/2020 7/14/2020 16,013.00 7/13/2025 2463915 - UserCanceled 1 - 16,013.00 16,013.00 1 16,013.00
24629349557308006 806724 9557308006 8307552 7/13/2020 7/14/2020 16,013.00 7/13/2025 2462934 - UserCanceled 1 - 16,013.00 16,013.00 1 16,013.00
18823095938727307 5938727307 7580770 5/8/2020 5/9/2020 14,457.00 5/8/2022 1882309 ManuallyReversed 0 - 14,457.00 14,457.00 1 - still investigating
24996185972018110 834947 5972018110 8390510 7/21/2020 7/22/2020 14,280.00 7/21/2025 2499618 - UserCanceled 1 - 14,280.00 14,280.00 1 14,280.00
24732731023948107 800493 1023948107 8286704 7/11/2020 7/12/2020 14,215.00 7/11/2025 2473273 - UserCanceled 1 - 14,215.00 14,215.00 1 14,215.00
23541751205848200 885016 1205848200 8556505 7/31/2020 8/1/2020 13,766.00 7/31/2025 2354175 - UserCanceled 1 - 13,766.00 13,766.00 1 13,766.00
19958445935947308 541636 5935947308 7618322 5/11/2020 5/12/2020 13,363.00 5/11/2022 1995844 - PostAuthorized 0 - 13,363.00 13,363.00 1 13,363.00
24793291242908106 798306 1242908106 8277092 7/10/2020 7/11/2020 13,105.00 7/10/2025 2479329 - UserCanceled 1 - 13,105.00 13,105.00 1 13,105.00
24781371078718105 796025 1078718105 8269759 7/10/2020 7/11/2020 13,041.00 7/10/2025 2478137 - UserCanceled 1 - 13,041.00 13,041.00 1 13,041.00
25115663009248101 810847 3009248101 8319970 7/15/2020 7/16/2020 12,973.00 7/15/2025 2511566 - UserCanceled 1 - 12,973.00 12,973.00 1 12,973.00
21085334284237406 524407 4284237406 7601987 5/10/2020 5/11/2020 12,827.00 5/10/2022 2108533 - PostAuthorized 1 - 12,827.00 12,827.00 1 12,827.00
24441159571208007 791570 9571208007 8254696 7/8/2020 7/9/2020 12,571.00 7/8/2025 2444115 - UserCanceled 1 - 12,571.00 12,571.00 1 12,571.00
17718469217687709 470582 9217687709 7528684 5/6/2020 5/7/2020 12,500.00 5/6/2022 1771846 21.23 PostAuthorized 0 21.23 12,500.00 12,478.77 1 12,500.00
17254518976997704 486326 8976997704 7551244 5/7/2020 5/8/2020 12,130.00 5/7/2022 1725451 - PostAuthorized 0 - 12,130.00 12,130.00 1 12,130.00
26589321273298203 917842 1273298203 8709839 8/6/2020 8/7/2020 11,421.00 8/6/2025 2658932 - UserCanceled 1 - 11,421.00 11,421.00 1 11,421.00
18502357720787310 345668 7720787310 7426693 4/30/2020 5/1/2020 11,377.00 4/30/2022 1850235 - PostAuthorized 0 - 11,377.00 11,377.00 1 11,377.00
19660817798587309 511670 7798587309 7584342 5/9/2020 5/10/2020 10,918.00 5/9/2022 1966081 - PostAuthorized 0 - 10,918.00 10,918.00 1 14,746.54
16334887001127903 679740 7001127903 7966181 6/17/2020 6/18/2020 10,811.00 6/17/2025 1633488 - UserCanceled 1 - 10,811.00 10,811.00 1 - still investigating
21216639124127401 602422 9124127401 7737750 5/21/2020 5/22/2020 10,408.00 5/21/2022 2121663 - PostAuthorized 0 - 10,408.00 10,408.00 1 10,408.00
25665296063038102 848483 6063038102 8434327 7/23/2020 7/24/2020 10,077.00 7/23/2025 2566529 - UserCanceled 1 - 10,077.00 10,077.00 1 10,077.00
17759399130357701 443114 9130357701 7497517 5/5/2020 5/6/2020 10,054.00 5/5/2022 1775939 - PostAuthorized 1 - 10,054.00 10,054.00 1 10,054.00
21632942246707808 609781 2246707808 7755277 5/22/2020 5/23/2020 9,871.00 5/22/2022 2163294 - PostAuthorized 1 - 9,871.00 9,871.00 1 9,871.00
24743721039978110 812630 1039978110 8324444 7/15/2020 7/16/2020 9,335.00 7/15/2025 2474372 - UserCanceled 1 - 9,335.00 9,335.00 1 9,335.00
18115202507577304 467856 2507577304 7524821 5/6/2020 5/7/2020 8,815.00 5/6/2022 1811520 5,612.06 PostAuthorized 0 5,612.06 8,815.00 3,202.94 1 3,202.94
19577097961357801 657467 7961357801 7895397 6/9/2020 6/10/2020 8,611.00 6/9/2022 1957709 6,098.24 PostAuthorized 0 6,098.24 8,611.00 2,512.76 1 2,153.00
17434509235247307 518685 9235247307 7591947 5/9/2020 5/10/2020 8,533.00 5/9/2022 1743450 7.48 PostAuthorized 0 7.48 8,533.00 8,525.52 1 8,533.00
16334883584777303 3584777303 7531925 5/6/2020 5/7/2020 8,482.00 5/6/2022 1633488 ManuallyReversed 0 - 8,482.00 8,482.00 1 8,482.00
21969953122627800 613613 3122627800 7770236 5/25/2020 5/26/2020 8,446.00 5/25/2022 2196995 - UserCanceled 1 - 8,446.00 8,446.00 1 8,446.00
25233476362808108 845377 6362808108 8426236 7/23/2020 7/24/2020 8,296.00 7/23/2025 2523347 - UserCanceled 1 - 8,296.00 8,296.00 1 8,296.00
18020631389147406 435052 1389147406 7480974 5/4/2020 5/5/2020 7,981.00 5/4/2022 1802063 - PostAuthorized 0 - 7,981.00 7,981.00 1 7,981.00
18539966987427900 679588 6987427900 7965618 6/17/2020 6/18/2020 7,793.00 6/17/2025 1853996 - UserCanceled 1 - 7,793.00 7,793.00 1 - still investigating
22184705868347805 645637 5868347805 7851890 6/3/2020 6/4/2020 7,723.00 6/3/2022 2218470 6.56 PostAuthorized 0 6.56 7,723.00 7,716.44 1 7,723.00
22786127801317910 698768 7801317910 8022669 6/22/2020 6/23/2020 7,708.00 6/22/2025 2278612 - UserCanceled 1 - 7,708.00 7,708.00 1 7,708.00
21077023793357400 528552 3793357400 7605230 5/11/2020 5/12/2020 7,689.00 5/11/2022 2107702 - PostAuthorized 0 - 7,689.00 7,689.00 1 7,689.00
24695489967008002 806846 9967008002 8308006 7/14/2020 7/15/2020 7,614.00 7/14/2025 2469548 - UserCanceled 1 - 7,614.00 7,614.00 1 7,614.00
24697799989968009 796392 9989968009 8272344 7/10/2020 7/11/2020 7,538.00 7/10/2025 2469779 - UserCanceled 1 - 7,538.00 7,538.00 1 7,538.00
22639776520057903 717095 6520057903 8062667 6/24/2020 6/25/2020 7,394.00 6/24/2025 2263977 - UserCanceled 1 - 7,394.00 7,394.00 1 7,394.00
17494068535987303 348353 8535987303 7442004 5/1/2020 5/2/2020 6,606.00 5/1/2022 1749406 4,066.00 PostAuthorized 0 4,066.00 6,606.00 2,540.00 1 2,540.00
we think we've
refunded the
appropriate
19960363644807400 517942 3644807400 7591064 5/9/2020 5/10/2020 5,572.00 5/9/2022 1996036 (5,572.00) UserCanceled 0 (5,572.00) - 5,572.00 1 - amount
22996047849247901 692911 7849247901 8002285 6/19/2020 6/20/2020 5,204.00 6/19/2025 2299604 - UserCanceled 1 - 5,204.00 5,204.00 1 5,204.00
20237277894357310 503791 7894357310 7573110 5/8/2020 5/9/2020 5,204.00 5/8/2022 2023727 - PostAuthorized 0 - 5,204.00 5,204.00 1 5,204.00
22079844258107801 637890 4258107801 7832400 6/1/2020 6/2/2020 5,062.00 6/1/2022 2207984 - PostAuthorized 0 - 5,062.00 5,062.00 1 5,062.00
24623912210818103 817294 2210818103 8336539 7/16/2020 7/17/2020 4,632.00 7/16/2025 2462391 - UserCanceled 1 - 4,632.00 4,632.00 1 4,632.00
Case 22-10951-CTG Doc 343-1 Filed 12/07/22 Page 18 of 32
Key-AcctID + SBA Loan # LoanID SBALoanID CustomerFundingTransactionID OriginationDate PurchaseDate LoanAmount MaturityDate AccountID OutstandingPrincipal FullyPaidOffFlag FullyPrepaidFlag BorrowerName FundingTransactionStatus ETranStatus LoanCancelFlag OutstandingPrincipal Master Bal by SBA Loan # var Item Amt Returned
22355948156637804 651407 8156637804 7868756 6/5/2020 6/6/2020 4,447.00 6/5/2022 2235594 - UserCanceled 1 - 4,447.00 4,447.00 1 - still investigating
21948223062517908 671114 3062517908 7943527 6/15/2020 6/16/2020 4,375.00 6/15/2025 2194822 - PostAuthorized 0 - 4,375.00 4,375.00 1 4,375.00
6388969067357708 437279 9067357708 7485012 5/4/2020 5/5/2020 3,676.00 5/4/2022 638896 - PostAuthorized 0 - 3,676.00 3,676.00 1 3,676.00
18259607945767305 485187 7945767305 7549898 5/7/2020 5/8/2020 3,583.00 5/7/2022 1825960 - UserCanceled 1 - 3,583.00 3,583.00 1 3,583.00
21136015220577409 625514 5220577409 7796396 5/15/2020 5/16/2020 2,961.00 5/15/2022 2113601 - PostAuthorized 0 - 2,961.00 2,961.00 1 2,961.00
20652819847887301 573674 9847887301 7668393 5/14/2020 5/15/2020 2,560.00 5/14/2022 2065281 - PostAuthorized 0 - 2,560.00 2,560.00 1 2,560.00
18539965487677305 5487677305 7642447 5/13/2020 5/14/2020 2,544.00 5/13/2022 1853996 ManuallyReversed 0 - 2,544.00 2,544.00 1 2,544.00
18834146735457303 6735457303 7525917 5/6/2020 5/7/2020 2,264.00 5/6/2022 1883414 ManuallyReversed 0 - 2,264.00 2,264.00 1 2,264.00
22052437740297803 648419 7740297803 7859854 6/4/2020 6/5/2020 2,035.00 6/4/2022 2205243 - PostAuthorized 0 - 2,035.00 2,035.00 1 2,035.00
19731075136077910 710602 5136077910 8044076 6/23/2020 6/24/2020 1,981.00 6/23/2025 1973107 - UserCanceled 1 - 1,981.00 1,981.00 1 1,981.00
24842332502908108 812467 2502908108 8324149 7/15/2020 7/16/2020 1,841.00 7/15/2025 2484233 - UserCanceled 1 - 1,841.00 1,841.00 1 1,841.00
18075149016017700 489823 9016017700 7556449 5/7/2020 5/8/2020 1,731.00 5/7/2022 1807514 - PostAuthorized 0 - 1,731.00 1,731.00 1 1,731.00
21685189002317401 655510 9002317401 7886117 6/8/2020 6/9/2020 1,447.00 6/8/2022 2168518 - UserCanceled 1 - 1,447.00 1,447.00 1 1,447.00
22313027428817810 647295 7428817810 7857747 6/3/2020 6/4/2020 1,250.00 6/3/2022 2231302 - PostAuthorized 0 - 1,250.00 1,250.00 1 1,250.00
21309553307657805 618203 3307657805 7778962 5/26/2020 5/27/2020 1,228.00 5/26/2022 2130955 - PostAuthorized 1 - 1,228.00 1,228.00 1 - still investigating
19945589143257901 765573 9143257901 8198750 6/30/2020 7/1/2020 976.00 6/30/2025 1994558 - UserCanceled 1 - 976.00 976.00 1 976.00
18322739094497710 475665 9094497710 7537130 5/6/2020 5/7/2020 510.00 5/6/2022 1832273 - PostAuthorized 0 - 510.00 510.00 1 510.00
4,769,017.89
Case 22-10951-CTG Doc 343-1 Filed 12/07/22 Page 19 of 32
EXHIBIT 3
From: Daniel Eidson <deidson@kabbage.com>
Case 22-10951-CTG Doc 343-1 Filed 12/07/22 Page 20 of 32
Sent: Wednesday, October 21, 2020 12:29 PM
To: Curtis, Patricia <pcurtis@customersbank.com>
Subject: Re: Kabbage cancellations and unfunded disbursements
Attach: CUBI payment details 10212020.xlsx
Here is the revised payment file. Let me know if you have any questions.
Danny EIdson Kabbage, Inc.
CFO 730 Peachtree St. NE
404-432-4827 Suite 1100
www.kabbage.com Atlanta, GA 30308
On Wed, Oct 21, 2020 at 10:29 AM Daniel Eidson <deidson@kabbage.com> wrote:
Sorry, I didn't. We are initiating payment today for a slightly higher amount. I'll follow up this afternoon with a listing.
I think there are some additional amounts owed for loans that are in the process of being cancelled, so there will be more
to come soon.
Danny EIdson Kabbage, Inc.
Tax and Treasury 730 Peachtree St. NE
404-432-4827 Suite 1100
www.kabbage.com Atlanta, GA 30308
On Tue, Oct 20, 2020 at 5:42 PM Curtis, Patricia <pcurtis@customersbank.com> wrote:
Hi Danny,
We haven’t seen this wire yet. Did you send it?
Thank you!
Tricia
Tricia Curtis Case 22-10951-CTG Doc 343-1 Filed 12/07/22 Page 21 of 32
701 Reading Avenue
West Reading, PA 19611
T: 484.923.8824 (x328224)
F: 610.374.5160
From: Daniel Eidson <deidson@kabbage.com>
Sent: Wednesday, October 14, 2020 8:54 PM
To: Curtis, Patricia <pcurtis@customersbank.com>
Cc: Mathews, David C <dmathews@customersbank.com>; Cox, Kimberly <kcox@customersbank.com>; Sibalic,
Tammy <tsibalic@customersbank.com>; Melletz, Steven R <smelletz@customersbank.com>; Snyder, Elaine K
<esnyder@customersbank.com>; Watkins, Philip S <pwatkins@customersbank.com>; Cortese, Joseph F
<jcortese@customersbank.com>
Subject: Re: Kabbage cancellations and unfunded disbursements
EXTERNAL EMAIL: DO NOT click on links or open attachments unless you know it is safe
Hey, Customers team. I've made some progress on this but there are still a few items to research. Hopefully some of
the duplicated or missing loan issues have been solved. I'm going to initiate a payment per the attached file for the
cancellations and I've indicated the status/tab number from the file you had sent over a couple of weeks back. I would
appreciate it if you could fund any of the previously disbursed loans and make an interim payment of our share of any
SBA fees owed.
Danny EIdson Kabbage, Inc.
Tax and Treasury 730 Peachtree St. NE
404-432-4827 Suite 1100
www.kabbage.com Atlanta, GA 30308
Case 22-10951-CTG Doc 343-1 Filed 12/07/22 Page 22 of 32
On Thu, Sep 17, 2020 at 4:22 PM Curtis, Patricia <pcurtis@customersbank.com> wrote:
Hi Danny,
I am not involved with the SBA fees so I can’t comment on that, but we have some reconciling items related to
cancellations/payoffs, loans that you funded out of pocket, and some miscellaneous reporting differences. I’ll try to
put something together next week and then we’ll get back to you to discuss.
Thank you!
Tricia
Tricia Curtis
701 Reading Avenue
West Reading, PA 19611
T: 484.923.8824 (x328224)
F: 610.374.5160
From: Daniel Eidson <deidson@kabbage.com>
Sent: Wednesday, September 16, 2020 2:15 PM
To: Curtis, Patricia <pcurtis@customersbank.com>
Cc: Mathews, David C <dmathews@customersbank.com>; Cox, Kimberly <kcox@customersbank.com>; Sibalic,
Tammy <tsibalic@customersbank.com>; Melletz, Steven R <smelletz@customersbank.com>; Snyder, Elaine K
<esnyder@customersbank.com>; Watkins, Philip S <pwatkins@customersbank.com>
Subject: Re: Kabbage cancellations and unfunded disbursements
EXTERNAL EMAIL: DO NOT click on links or open attachments unless you know it is safe
Hey old friends. Now that the program for originations has wound down, do we need to do anything to settle up on the
fees from the SBA? There are probably a few lingering issues with loans that we funded out of pocket and there
probably are some additional loans that have been cancelled. Let me know if it makes sense to schedule some time to
discuss steps to get a final reconciliation.
Danny EIdson
Case Kabbage,Doc
22-10951-CTG Inc. 343-1 Filed 12/07/22 Page 23 of 32
Tax and Treasury 730 Peachtree St. NE
404-432-4827 Suite 1100
www.kabbage.com Atlanta, GA 30308
On Fri, Aug 14, 2020 at 5:52 PM Curtis, Patricia <pcurtis@customersbank.com> wrote:
Hi Danny,
Could you please provide the customer names on the first file? (cb_total_agreements_missing_until_20200814.csv)
Also, none of the loans in this file are on the file that Dave sent on 8/11 (item #2 below, disbursed by Kabbage, not
funded by CUBI). Have you had a chance to review that file and the cancellation list (item #1)?
Please let me know if you have any questions or would like to discuss next week.
Thank you, have a nice weekend!
Tricia
Tricia Curtis
701 Reading Avenue
West Reading, PA 19611
T: 484.923.8824 (x328224)
F: 610.374.5160
From: Daniel Eidson <deidson@kabbage.com>
Sent: Friday, August 14, 2020 5:21 PM
To: Mathews, David C <dmathews@customersbank.com>; Curtis, Patricia <pcurtis@customersbank.com>; Cox,
Kimberly <kcox@customersbank.com>;
Case 22-10951-CTG Sibalic,
DocTammy
343-1 <tsibalic@customersbank.com>;
Filed 12/07/22 Page 24 of Melletz,
32 Steven R
<smelletz@customersbank.com>; Snyder, Elaine K <esnyder@customersbank.com>; Watkins, Philip S
<pwatkins@customersbank.com>
Subject: Re: Kabbage cancellations and unfunded disbursements
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See the attached documents for the disbursed not funded. Sorry to get this so late on a Friday. Have a nice weekend,
everyone. I'm attaching the loan documents separately, if you don't receive an additional email with that attachment,
let me know and I'll break it down into multiple files.
From: "Mathews, David C" <dmathews@customersbank.com>
Date: Tue Aug 11 15:56:30 EDT 2020
To: "Daniel Eidson" <deidson@kabbage.com>
Cc: "Curtis, Patricia" <pcurtis@customersbank.com>,"Cox, Kimberly" <kcox@customersbank.com>,"Sibalic,
Tammy" <tsibalic@customersbank.com>,"Melletz, Steven R" <smelletz@customersbank.com>,"Snyder, Elaine K"
<esnyder@customersbank.com>,"Watkins, Philip S" <pwatkins@customersbank.com>
Subject: Kabbage cancellations and unfunded disbursements
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Good afternoon Danny,
Attached are two files – one for cancellations and one for disbursed never funded;
1. Cancellation file – this is a list of cancelled loans per the report Kabbage sends us matched up to our list of
loans which have been funded. Hence, Kabbage owes Customers Bank (CB) the total of the 254 loans funded
which is approximately $11.5 million. Please review the file and if you are in agreement, let us know when
Kabbage plans to remit the funds to CB. (Note this is the same file that Patricia sent in an 8/5 email).
2. Disbursed by Kabbage not funded by CB – this file lists 26 loans for approximately $690,000 for which it
appears that Kabbage disbursed the funds to the borrower and CB did not fund Kabbage. Please confirm that
these are still valid loans and if so provide us the loan docs for our QC review and we will remit the funding to
Kabbage. Note there is one loan with an ETRAN status of rejected this is # 9010257701 for $309,035.00.
Should you have any questions, please let us know.
Thank you,
Dave
David C. Mathews, CPA
SVP – Director of SOX Compliance
Case 22-10951-CTG Doc 343-1 Filed 12/07/22 Page 25 of 32
701 Reading Avenue
West Reading, PA 19611
Phone: 484.926.7106
Cell: 484.985.5684
Ext: 326106
Email: dmathews@customersbank.com
This e-mail and any files transmitted with it are intended only for the use of the addressee and may contain information that is legally
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immediately by calling Customers Bank Security Department at 1-484-923-8801 if you have received this e-mail in error.
This e-mail and any files transmitted with it are intended only for the use of the addressee and may contain information that is legally
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This e-mail and any files transmitted with it are intended only for the use of the addressee and may contain information that is legally
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notified that any dissemination of this communication is strictly prohibited. Please notify the sender electronically or by telephone
immediately by calling Customers Bank Security Department at 1-484-923-8801 if you have received this e-mail in error.
Notice of Confidentiality: The information transmitted is intended only for the person or entity to which it is
addressed and may contain confidential and/or privileged material. Any review, re-transmission,
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Case 22-10951-CTG Doc 343-1 Filed 12/07/22 Page 26 of 32
Key‐AcctID + SBA Loan # LoanID SBALoanID CustomerFundingTransactionID OriginationDate PurchaseDate LoanAmount MaturityDate AccountID OutstandingPrincipal FullyPaidOffFlag FullyPrepaidFlag BorrowerName FundingTransactionStatus ETranStatus LoanCancelFlag OutstandingPrincipal Master Bal by SBA Loan # var Item Amt Returned
24950672046258109 804947 2046258109 8302184 7/13/2020 7/14/2020 20,833.00 7/13/2025 2495067 ‐ UserCanceled 1 ‐ 20,833.00 20,833.00 1 20,833.00
21077023793357400 528552 3793357400 7605230 5/11/2020 5/12/2020 7,689.00 5/11/2022 2107702 ‐ PostAuthorized 0 ‐ 7,689.00 7,689.00 1 7,689.00
25233476362808108 845377 6362808108 8426236 7/23/2020 7/24/2020 8,296.00 7/23/2025 2523347 ‐ UserCanceled 1 ‐ 8,296.00 8,296.00 1 8,296.00
22449592948317901 662722 2948317901 7923312 6/12/2020 6/13/2020 360,202.00 6/12/2025 2244959 917.77 PostAuthorized 0 917.77 360,202.00 359,284.23 1 360,202.00
22052437740297803 648419 7740297803 7859854 6/4/2020 6/5/2020 2,035.00 6/4/2022 2205243 ‐ PostAuthorized 0 ‐ 2,035.00 2,035.00 1 2,035.00
25535795591898101 838914 5591898101 8403171 7/21/2020 7/22/2020 20,833.00 7/21/2025 2553579 ‐ UserCanceled 1 ‐ 20,833.00 20,833.00 1 20,833.00
18811542052838004 713629 2052838004 8054056 6/23/2020 6/24/2020 121,531.00 6/23/2025 1881154 ‐ UserCanceled 1 ‐ 121,531.00 121,531.00 1 ‐ still investigating
6388969067357708 437279 9067357708 7485012 5/4/2020 5/5/2020 3,676.00 5/4/2022 638896 ‐ PostAuthorized 0 ‐ 3,676.00 3,676.00 1 3,676.00
24743721039978110 812630 1039978110 8324444 7/15/2020 7/16/2020 9,335.00 7/15/2025 2474372 ‐ UserCanceled 1 ‐ 9,335.00 9,335.00 1 9,335.00
26024387758108100 864447 7758108100 8489323 7/27/2020 7/28/2020 20,180.00 7/27/2025 2602438 ‐ UserCanceled 1 ‐ 20,180.00 20,180.00 1 20,180.00
17747428999147710 442280 8999147710 7496454 5/5/2020 5/6/2020 78,739.00 5/5/2022 1774742 133.75 PostAuthorized 0 133.75 78,739.00 78,605.25 1 78,739.00
24623912210818103 817294 2210818103 8336539 7/16/2020 7/17/2020 4,632.00 7/16/2025 2462391 ‐ UserCanceled 1 ‐ 4,632.00 4,632.00 1 4,632.00
21632942246707808 609781 2246707808 7755277 5/22/2020 5/23/2020 9,871.00 5/22/2022 2163294 ‐ PostAuthorized 1 ‐ 9,871.00 9,871.00 1 9,871.00
20194305937587801 635435 5937587801 7828879 6/1/2020 6/2/2020 18,256.00 6/1/2022 2019430 ‐ PostAuthorized 1 ‐ 18,256.00 18,256.00 1 18,256.00
19753064184327303 511780 4184327303 7584438 5/9/2020 5/10/2020 18,541.00 5/9/2022 1975306 31.50 PostAuthorized 0 31.50 18,541.00 18,509.50 1 18,541.00
21948223062517908 671114 3062517908 7943527 6/15/2020 6/16/2020 4,375.00 6/15/2025 2194822 ‐ PostAuthorized 0 ‐ 4,375.00 4,375.00 1 4,375.00
18823097554967908 686206 7554967908 7982996 6/18/2020 6/19/2020 56,124.00 6/18/2025 1882309 ‐ UserCanceled 1 ‐ 56,124.00 56,124.00 1 ‐ still investigating
17433249009337704 475485 9009337704 7536005 5/6/2020 5/7/2020 19,168.00 5/6/2022 1743324 ‐ PostAuthorized 0 ‐ 19,168.00 19,168.00 1 19,168.00
23012787948487909 703483 7948487909 8029108 6/22/2020 6/23/2020 23,611.00 6/22/2025 2301278 ‐ UserCanceled 1 ‐ 23,611.00 23,611.00 1 23,611.00
17494068535987303 348353 8535987303 7442004 5/1/2020 5/2/2020 6,606.00 5/1/2022 1749406 4,066.00 PostAuthorized 0 4,066.00 6,606.00 2,540.00 1 2,540.00
22184705868347805 645637 5868347805 7851890 6/3/2020 6/4/2020 7,723.00 6/3/2022 2218470 6.56 PostAuthorized 0 6.56 7,723.00 7,716.44 1 7,723.00
17835519178697305 9178697305 7643982 5/13/2020 5/14/2020 20,833.00 5/13/2022 1783551 ManuallyReversed 0 ‐ 20,833.00 20,833.00 1 20,833.00
18075149016017700 489823 9016017700 7556449 5/7/2020 5/8/2020 1,731.00 5/7/2022 1807514 ‐ PostAuthorized 0 ‐ 1,731.00 1,731.00 1 1,731.00
21216639124127401 602422 9124127401 7737750 5/21/2020 5/22/2020 10,408.00 5/21/2022 2121663 ‐ PostAuthorized 0 ‐ 10,408.00 10,408.00 1 10,408.00
16334883584777303 3584777303 7531925 5/6/2020 5/7/2020 8,482.00 5/6/2022 1633488 ManuallyReversed 0 ‐ 8,482.00 8,482.00 1 8,482.00
19535756427707304 6427707304 7615739 5/11/2020 5/12/2020 16,017.00 5/11/2022 1953575 ManuallyReversed 0 ‐ 16,017.00 16,017.00 1 16,017.00
18913876024507309 464841 6024507309 7521031 5/6/2020 5/7/2020 33,056.00 5/6/2022 1891387 ‐ UserCanceled 1 ‐ 33,056.00 33,056.00 1 33,056.00
24732731023948107 800493 1023948107 8286704 7/11/2020 7/12/2020 14,215.00 7/11/2025 2473273 ‐ UserCanceled 1 ‐ 14,215.00 14,215.00 1 14,215.00
17731726981697910 685781 6981697910 7982340 6/18/2020 6/19/2020 45,354.00 6/18/2025 1773172 ‐ UserCanceled 1 ‐ 45,354.00 45,354.00 1 ‐ still investigating
17254518976997704 486326 8976997704 7551244 5/7/2020 5/8/2020 12,130.00 5/7/2022 1725451 ‐ PostAuthorized 0 ‐ 12,130.00 12,130.00 1 12,130.00
18322739094497710 475665 9094497710 7537130 5/6/2020 5/7/2020 510.00 5/6/2022 1832273 ‐ PostAuthorized 0 ‐ 510.00 510.00 1 510.00
18934226486967301 483048 6486967301 7547419 5/7/2020 5/8/2020 16,666.00 5/7/2022 1893422 ‐ PostAuthorized 0 ‐ 16,666.00 16,666.00 1 16,666.00
25245305747578107 838967 5747578107 8403264 7/21/2020 7/22/2020 20,833.00 7/21/2025 2524530 ‐ UserCanceled 1 ‐ 20,833.00 20,833.00 1 20,833.00
22996047849247901 692911 7849247901 8002285 6/19/2020 6/20/2020 5,204.00 6/19/2025 2299604 ‐ UserCanceled 1 ‐ 5,204.00 5,204.00 1 5,204.00
24441159571208007 791570 9571208007 8254696 7/8/2020 7/9/2020 12,571.00 7/8/2025 2444115 ‐ UserCanceled 1 ‐ 12,571.00 12,571.00 1 12,571.00
14139319024317707 457531 9024317707 7479224 5/4/2020 5/5/2020 85,251.00 5/4/2022 1413931 ‐ PostAuthorized 0 ‐ 85,251.00 85,251.00 1 85,251.00
22079844258107801 637890 4258107801 7832400 6/1/2020 6/2/2020 5,062.00 6/1/2022 2207984 ‐ PostAuthorized 0 ‐ 5,062.00 5,062.00 1 5,062.00
22639776520057903 717095 6520057903 8062667 6/24/2020 6/25/2020 7,394.00 6/24/2025 2263977 ‐ UserCanceled 1 ‐ 7,394.00 7,394.00 1 7,394.00
24996185972018110 834947 5972018110 8390510 7/21/2020 7/22/2020 14,280.00 7/21/2025 2499618 ‐ UserCanceled 1 ‐ 14,280.00 14,280.00 1 14,280.00
21309553307657805 618203 3307657805 7778962 5/26/2020 5/27/2020 1,228.00 5/26/2022 2130955 ‐ PostAuthorized 1 ‐ 1,228.00 1,228.00 1 ‐ still investigating
17443266915157903 694719 6915157903 8009826 6/20/2020 6/21/2020 41,182.00 6/20/2025 1744326 ‐ UserCanceled 1 ‐ 41,182.00 41,182.00 1 ‐ still investigating
18539965487677305 5487677305 7642447 5/13/2020 5/14/2020 2,544.00 5/13/2022 1853996 ManuallyReversed 0 ‐ 2,544.00 2,544.00 1 2,544.00
25519725646478102 838915 5646478102 8403185 7/21/2020 7/22/2020 20,833.00 7/21/2025 2551972 ‐ UserCanceled 1 ‐ 20,833.00 20,833.00 1 20,833.00
19377479351437302 354101 9351437302 7465600 5/3/2020 5/4/2020 266,708.00 5/3/2022 1937747 219.21 PostAuthorized 0 219.21 266,708.00 266,488.79 1 266,708.00
18259607945767305 485187 7945767305 7549898 5/7/2020 5/8/2020 3,583.00 5/7/2022 1825960 ‐ UserCanceled 1 ‐ 3,583.00 3,583.00 1 3,583.00
25115663009248101 810847 3009248101 8319970 7/15/2020 7/16/2020 12,973.00 7/15/2025 2511566 ‐ UserCanceled 1 ‐ 12,973.00 12,973.00 1 12,973.00
18502357720787310 345668 7720787310 7426693 4/30/2020 5/1/2020 11,377.00 4/30/2022 1850235 ‐ PostAuthorized 0 ‐ 11,377.00 11,377.00 1 11,377.00
24948232045058106 806117 2045058106 8305366 7/13/2020 7/14/2020 20,833.00 7/13/2025 2494823 ‐ UserCanceled 1 ‐ 20,833.00 20,833.00 1 20,833.00
25371994645018108 829405 4645018108 8375946 7/20/2020 7/21/2020 20,833.00 7/20/2025 2537199 ‐ PostAuthorized 1 ‐ 20,833.00 20,833.00 1 20,833.00
25699536118858110 839779 6118858110 8407394 7/21/2020 7/22/2020 20,833.00 7/21/2025 2569953 ‐ UserCanceled 1 ‐ 20,833.00 20,833.00 1 20,833.00
17693359211627309 538995 9211627309 7615187 5/11/2020 5/12/2020 17,671.00 5/11/2022 1769335 ‐ UserCanceled 1 ‐ 17,671.00 17,671.00 1 17,671.00
19733055442547308 605278 5442547308 7744622 5/21/2020 5/22/2020 20,833.00 5/21/2022 1973305 ‐ UserCanceled 1 ‐ 20,833.00 20,833.00 1 ‐ still investigating
22313027428817810 647295 7428817810 7857747 6/3/2020 6/4/2020 1,250.00 6/3/2022 2231302 ‐ PostAuthorized 0 ‐ 1,250.00 1,250.00 1 1,250.00
25665296063038102 848483 6063038102 8434327 7/23/2020 7/24/2020 10,077.00 7/23/2025 2566529 ‐ UserCanceled 1 ‐ 10,077.00 10,077.00 1 10,077.00
24953572089038102 800139 2089038102 8285202 7/11/2020 7/12/2020 19,630.00 7/11/2025 2495357 ‐ UserCanceled 1 ‐ 19,630.00 19,630.00 1 19,630.00
17443264052227208 4052227208 7573514 5/8/2020 5/9/2020 25,531.00 5/8/2022 1744326 ManuallyReversed 0 ‐ 25,531.00 25,531.00 1 ‐ still investigating
21136015220577409 625514 5220577409 7796396 5/15/2020 5/16/2020 2,961.00 5/15/2022 2113601 ‐ PostAuthorized 0 ‐ 2,961.00 2,961.00 1 2,961.00
26631371579338205 881920 1579338205 8548531 7/31/2020 8/1/2020 20,833.00 7/31/2025 2663137 ‐ UserCanceled 1 ‐ 20,833.00 20,833.00 1 20,833.00
19577097961357801 657467 7961357801 7895397 6/9/2020 6/10/2020 8,611.00 6/9/2022 1957709 6,098.24 PostAuthorized 0 6,098.24 8,611.00 2,512.76 1 2,153.00
we think we've
refunded the
19960363644807400 517942 3644807400 7591064 5/9/2020 5/10/2020 5,572.00 5/9/2022 1996036 (5,572.00) UserCanceled 0 (5,572.00) ‐ 5,572.00 1 ‐ appropriate amount
27122443096148201 900181 3096148201 8620031 8/4/2020 8/5/2020 20,347.00 8/4/2025 2712244 ‐ UserCanceled 1 ‐ 20,347.00 20,347.00 1 20,347.00
19958445935947308 541636 5935947308 7618322 5/11/2020 5/12/2020 13,363.00 5/11/2022 1995844 ‐ PostAuthorized 0 ‐ 13,363.00 13,363.00 1 13,363.00
17759399130357701 443114 9130357701 7497517 5/5/2020 5/6/2020 10,054.00 5/5/2022 1775939 ‐ PostAuthorized 1 ‐ 10,054.00 10,054.00 1 10,054.00
18119339150877701 493041 9150877701 7563060 5/8/2020 5/9/2020 20,833.00 5/8/2022 1811933 ‐ PostAuthorized 0 ‐ 20,833.00 20,833.00 1 20,833.00
20237277894357310 503791 7894357310 7573110 5/8/2020 5/9/2020 5,204.00 5/8/2022 2023727 ‐ PostAuthorized 0 ‐ 5,204.00 5,204.00 1 5,204.00
25525205514848104 832460 5514848104 8381131 7/20/2020 7/21/2020 20,833.00 7/20/2025 2552520 ‐ UserCanceled 1 ‐ 20,833.00 20,833.00 1 20,833.00
24842332502908108 812467 2502908108 8324149 7/15/2020 7/16/2020 1,841.00 7/15/2025 2484233 ‐ UserCanceled 1 ‐ 1,841.00 1,841.00 1 1,841.00
21323776349267808 645985 6349267808 7852667 6/3/2020 6/4/2020 21,778.00 6/3/2022 2132377 ‐ UserCanceled 1 ‐ 21,778.00 21,778.00 1 ‐ still investigating
21685189002317401 655510 9002317401 7886117 6/8/2020 6/9/2020 1,447.00 6/8/2022 2168518 ‐ UserCanceled 1 ‐ 1,447.00 1,447.00 1 1,447.00
26811302214188210 900104 2214188210 8619859 8/4/2020 8/5/2020 20,833.00 8/4/2025 2681130 ‐ UserCanceled 1 ‐ 20,833.00 20,833.00 1 20,833.00
26589321273298203 917842 1273298203 8709839 8/6/2020 8/7/2020 11,421.00 8/6/2025 2658932 ‐ UserCanceled 1 ‐ 11,421.00 11,421.00 1 11,421.00
17731722894097301 2894097301 7565817 5/8/2020 5/9/2020 17,849.00 5/8/2022 1773172 ManuallyReversed 0 ‐ 17,849.00 17,849.00 1 ‐ still investigating
18195938995437706 442837 8995437706 7497114 5/5/2020 5/6/2020 20,833.00 5/5/2022 1819593 ‐ PostAuthorized 0 ‐ 20,833.00 20,833.00 1 20,833.00
18834146735457303 6735457303 7525917 5/6/2020 5/7/2020 2,264.00 5/6/2022 1883414 ManuallyReversed 0 ‐ 2,264.00 2,264.00 1 2,264.00
26309609155548103 869940 9155548103 8509006 7/28/2020 7/29/2020 20,306.00 7/28/2025 2630960 ‐ UserCanceled 1 ‐ 20,306.00 20,306.00 1 20,306.00
20193162963007410 2963007410 7661272 5/14/2020 5/15/2020 19,834.00 5/14/2022 2019316 PostAuthorized 0 ‐ 19,834.00 19,834.00 1 19,834.00
18366618634997301 347787 8634997301 7439496 5/1/2020 5/2/2020 1,250,925.00 5/1/2022 1836661 ‐ PostAuthorized 0 ‐ 1,250,925.00 1,250,925.00 1 1,250,925.00
5659883527478209 909505 3527478209 8656903 8/5/2020 8/6/2020 20,833.00 8/5/2025 565988 ‐ UserCanceled 1 ‐ 20,833.00 20,833.00 1 20,833.00
22985727842537902 689151 7842537902 7989705 6/18/2020 6/19/2020 59,867.00 6/18/2025 2298572 ‐ PostAuthorized 1 ‐ 59,867.00 59,867.00 1 59,867.00
22639193029687900 664884 3029687900 7928575 6/13/2020 6/14/2020 16,498.00 6/13/2025 2263919 ‐ Reversed 0 ‐ 16,498.00 16,498.00 1 16,498.45
19731075136077910 710602 5136077910 8044076 6/23/2020 6/24/2020 1,981.00 6/23/2025 1973107 ‐ UserCanceled 1 ‐ 1,981.00 1,981.00 1 1,981.00
22355948156637804 651407 8156637804 7868756 6/5/2020 6/6/2020 4,447.00 6/5/2022 2235594 ‐ UserCanceled 1 ‐ 4,447.00 4,447.00 1 ‐ still investigating
19799134012877308 507424 4012877308 7576823 5/8/2020 5/9/2020 20,833.00 5/8/2022 1979913 ‐ PostAuthorized 0 ‐ 20,833.00 20,833.00 1 20,833.00
18761876912327900 681317 6912327900 7970305 6/17/2020 6/18/2020 34,179.00 6/17/2025 1876187 ‐ UserCanceled 1 ‐ 34,179.00 34,179.00 1 20,235.00
22490092878837908 679625 2878837908 7965965 6/17/2020 6/18/2020 19,145.00 6/17/2025 2249009 ‐ UserCanceled 1 ‐ 19,145.00 19,145.00 1 19,145.00
22786127801317910 698768 7801317910 8022669 6/22/2020 6/23/2020 7,708.00 6/22/2025 2278612 ‐ UserCanceled 1 ‐ 7,708.00 7,708.00 1 7,708.00
17975939237017704 520964 9237017704 7596503 5/10/2020 5/11/2020 82,054.00 5/10/2022 1797593 139.38 PostAuthorized 0 139.38 82,054.00 81,914.62 1 82,054.00
17980749151577707 493617 9151577707 7563540 5/8/2020 5/9/2020 1,146,133.00 5/8/2022 1798074 41,791.27 PostAuthorized 0 41,791.27 1,146,133.00 1,104,341.73 1 1,108,235.45
5767602505647406 460164 2505647406 7513653 5/5/2020 5/6/2020 27,940.00 5/5/2022 576760 24.49 PostAuthorized 0 24.49 27,940.00 27,915.51 1 27,915.51
18823095938727307 5938727307 7580770 5/8/2020 5/9/2020 14,457.00 5/8/2022 1882309 ManuallyReversed 0 ‐ 14,457.00 14,457.00 1 ‐ still investigating
16334887001127903 679740 7001127903 7966181 6/17/2020 6/18/2020 10,811.00 6/17/2025 1633488 ‐ UserCanceled 1 ‐ 10,811.00 10,811.00 1 ‐ still investigating
17716629014817700 456152 9014817700 7478185 5/4/2020 5/5/2020 37,299.00 5/4/2022 1771662 ‐ PostAuthorized 0 ‐ 37,299.00 37,299.00 1 37,299.00
17718469217687709 470582 9217687709 7528684 5/6/2020 5/7/2020 12,500.00 5/6/2022 1771846 21.23 PostAuthorized 0 21.23 12,500.00 12,478.77 1 12,500.00
20894032507857403 581114 2507857403 7687053 5/16/2020 5/17/2020 79,625.00 5/16/2022 2089403 21,950.00 PostAuthorized 0 21,950.00 79,625.00 57,675.00 1 57,675.00
24639159557808003 804311 9557808003 8300673 7/13/2020 7/14/2020 16,013.00 7/13/2025 2463915 ‐ UserCanceled 1 ‐ 16,013.00 16,013.00 1 16,013.00
24697799989968009 796392 9989968009 8272344 7/10/2020 7/11/2020 7,538.00 7/10/2025 2469779 ‐ UserCanceled 1 ‐ 7,538.00 7,538.00 1 7,538.00
17732149034347709 448950 9034347709 7475626 5/4/2020 5/5/2020 99,574.00 5/4/2022 1773214 ‐ PostAuthorized 1 ‐ 99,574.00 99,574.00 1 ‐ still investigating
26155888443588104 857753 8443588104 8472835 7/27/2020 7/28/2020 16,250.00 7/27/2025 2615588 ‐ UserCanceled 1 ‐ 16,250.00 16,250.00 1 16,250.00
19386756981777910 680565 6981777910 7969125 6/17/2020 6/18/2020 58,659.00 6/17/2025 1938675 ‐ UserCanceled 1 ‐ 58,659.00 58,659.00 1 18,131.00
17799557111337200 518049 7111337200 7591159 5/9/2020 5/10/2020 33,481.00 5/9/2022 1779955 ‐ PostAuthorized 0 ‐ 33,481.00 33,481.00 1 33,481.00
19660817798587309 511670 7798587309 7584342 5/9/2020 5/10/2020 10,918.00 5/9/2022 1966081 ‐ PostAuthorized 0 ‐ 10,918.00 10,918.00 1 14,746.54
25023122460218103 806027 2460218103 8305066 7/13/2020 7/14/2020 18,188.00 7/13/2025 2502312 ‐ UserCanceled 1 ‐ 18,188.00 18,188.00 1 18,188.00
17835516710777908 681420 6710777908 7970511 6/17/2020 6/18/2020 72,587.00 6/17/2025 1783551 ‐ UserCanceled 1 ‐ 72,587.00 72,587.00 1 ‐ still investigating
20964183156647401 537911 3156647401 7614086 5/11/2020 5/12/2020 22,681.00 5/11/2022 2096418 ‐ PostAuthorized 0 ‐ 22,681.00 22,681.00 1 22,681.00
21820233322887802 658512 3322887802 7903319 6/10/2020 6/11/2020 62,500.00 6/10/2022 2182023 ‐ UserCanceled 1 ‐ 62,500.00 62,500.00 1 ‐ still investigating
24629349557308006 806724 9557308006 8307552 7/13/2020 7/14/2020 16,013.00 7/13/2025 2462934 ‐ UserCanceled 1 ‐ 16,013.00 16,013.00 1 16,013.00
24781371078718105 796025 1078718105 8269759 7/10/2020 7/11/2020 13,041.00 7/10/2025 2478137 ‐ UserCanceled 1 ‐ 13,041.00 13,041.00 1 13,041.00
24507909562278004 805007 9562278004 8302269 7/13/2020 7/14/2020 18,748.00 7/13/2025 2450790 ‐ UserCanceled 1 ‐ 18,748.00 18,748.00 1 18,748.00
23541751205848200 885016 1205848200 8556505 7/31/2020 8/1/2020 13,766.00 7/31/2025 2354175 ‐ UserCanceled 1 ‐ 13,766.00 13,766.00 1 13,766.00
19945589143257901 765573 9143257901 8198750 6/30/2020 7/1/2020 976.00 6/30/2025 1994558 ‐ UserCanceled 1 ‐ 976.00 976.00 1 976.00
21085334284237406 524407 4284237406 7601987 5/10/2020 5/11/2020 12,827.00 5/10/2022 2108533 ‐ PostAuthorized 1 ‐ 12,827.00 12,827.00 1 12,827.00
Case 22-10951-CTG Doc 343-1 Filed 12/07/22 Page 27 of 32
Key‐AcctID + SBA Loan # LoanID SBALoanID CustomerFundingTransactionID OriginationDate PurchaseDate LoanAmount MaturityDate AccountID OutstandingPrincipal FullyPaidOffFlag FullyPrepaidFlag BorrowerName FundingTransactionStatus ETranStatus LoanCancelFlag OutstandingPrincipal Master Bal by SBA Loan # var Item Amt Returned
24695489967008002 806846 9967008002 8308006 7/14/2020 7/15/2020 7,614.00 7/14/2025 2469548 ‐ UserCanceled 1 ‐ 7,614.00 7,614.00 1 7,614.00
17434509235247307 518685 9235247307 7591947 5/9/2020 5/10/2020 8,533.00 5/9/2022 1743450 7.48 PostAuthorized 0 7.48 8,533.00 8,525.52 1 8,533.00
21969953122627800 613613 3122627800 7770236 5/25/2020 5/26/2020 8,446.00 5/25/2022 2196995 ‐ UserCanceled 1 ‐ 8,446.00 8,446.00 1 8,446.00
19386756024177306 6024177306 7476500 5/4/2020 5/5/2020 18,131.00 5/4/2022 1938675 ManuallyReversed 0 ‐ 18,131.00 18,131.00 1 ‐ still investigating
20652819847887301 573674 9847887301 7668393 5/14/2020 5/15/2020 2,560.00 5/14/2022 2065281 ‐ PostAuthorized 0 ‐ 2,560.00 2,560.00 1 2,560.00
21409436126077410 576973 6126077410 7675364 5/15/2020 5/16/2020 64,203.00 5/15/2022 2140943 ‐ PostAuthorized 0 ‐ 64,203.00 64,203.00 1 64,203.00
18539966987427900 679588 6987427900 7965618 6/17/2020 6/18/2020 7,793.00 6/17/2025 1853996 ‐ UserCanceled 1 ‐ 7,793.00 7,793.00 1 ‐ still investigating
18761878627197310 8627197310 7458467 5/2/2020 5/3/2020 20,235.00 5/2/2022 1876187 ManuallyReversed 0 ‐ 20,235.00 20,235.00 1 ‐ still investigating
25634495974678102 839828 5974678102 8407698 7/21/2020 7/22/2020 20,833.00 7/21/2025 2563449 ‐ UserCanceled 1 ‐ 20,833.00 20,833.00 1 20,833.00
25635635983528105 837696 5983528105 8398961 7/21/2020 7/22/2020 20,833.00 7/21/2025 2563563 ‐ UserCanceled 1 ‐ 20,833.00 20,833.00 1 20,833.00
24793291242908106 798306 1242908106 8277092 7/10/2020 7/11/2020 13,105.00 7/10/2025 2479329 ‐ UserCanceled 1 ‐ 13,105.00 13,105.00 1 13,105.00
23767961924478105 799119 1924478105 8279376 7/10/2020 7/11/2020 23,270.00 7/10/2025 2376796 ‐ UserCanceled 1 ‐ 23,270.00 23,270.00 1 23,270.00
18815252310827401 467003 2310827401 7523798 5/6/2020 5/7/2020 73,163.00 5/6/2022 1881525 20,513.00 PostAuthorized 0 20,513.00 73,163.00 52,650.00 1 52,650.00
18020631389147406 435052 1389147406 7480974 5/4/2020 5/5/2020 7,981.00 5/4/2022 1802063 ‐ PostAuthorized 0 ‐ 7,981.00 7,981.00 1 7,981.00
18115202507577304 467856 2507577304 7524821 5/6/2020 5/7/2020 8,815.00 5/6/2022 1811520 5,612.06 PostAuthorized 0 5,612.06 8,815.00 3,202.94 1 3,202.94
Case 22-10951-CTG Doc 343-1 Filed 12/07/22 Page 28 of 32
EXHIBIT 4
Case 22-10951-CTG Doc 343-1 Filed 12/07/22 Page 29 of 32
®
WellsOne Account
Account number: ■ October 1, 2020 - October 31, 2020 ■ Page 1 of 2
Questions?
Call your Customer Service Officer or Client Services
1-800-AT WELLS (1-800-289-3557)
KABBAGE INC. WS 5:00 AM TO 6:00 PM Pacific Time Monday - Friday
KABBAGE CARD 2
FBO PPP BANK FUNDING ACCOUNT Online: wellsfargo.com
730 PEACHTREE STE STE 350 Write: Wells Fargo Bank, N.A. (182)
ATLANTA GA 30308 PO Box 63020
San Francisco, CA 94163
Account summary
®
WellsOne Account
Account number Beginning balance Total credits Total debits Ending balance
$5,300,992.00 $4,272,600.87 -$5,769,017.89 $3,804,574.98
Credits
Electronic deposits/bank credits
Effective Posted
date date Amount Transaction detail
10/02 2,769,651.00 Online Transfer Ref #Bb08Ybj5W5 From on 10/02/2020 1259 PM
10/16 1,171,096.35 Online Transfer Ref #Bb092T4Hzv From on 10/16/2020 1152 Am
10/16 311,943.00 WT Fed#01542 Customers Bank /Org=Customers Bank Srf#
201016151737Dy00 Trn#201016179300 Rfb#
10/28 19,910.52 Bank Originated Credit
$4,272,600.87 Total electronic deposits/bank credits
$4,272,600.87 Total credits
Debits
Electronic debits/bank debits
Effective Posted
date date Amount Transaction detail
10/19 1,000,000.00 Online Transfer Ref #Bb0937Jzfb to on 10/19/2020 0633 Am
10/21 4,769,017.89 Online Transfer Transfer for Customer Refund Ref #Bb093Kwp6S
$5,769,017.89 Total electronic debits/bank debits
$5,769,017.89 Total debits
(182)
Sheet Seq = 0034909
Sheet 00001 of 00002
Case 22-10951-CTG Doc 343-1 Filed 12/07/22 Page 30 of 32
Account number: ■ October 1, 2020 - October 31, 2020 ■ Page 2 of 2
Daily ledger balance summary
Date Balance Date Balance Date Balance
09/30 5,300,992.00 10/16 9,553,682.35 10/21 3,784,664.46
10/02 8,070,643.00 10/19 8,553,682.35 10/28 3,804,574.98
Average daily ledger balance $6,637,721.19
©2010 Wells Fargo Bank, N.A.
All rights reserved. Member FDIC.
Sheet Seq = 0034910
Sheet 00002 of 00002
Case 22-10951-CTG Doc 343-1 Filed 12/07/22 Page 31 of 32
EXHIBIT 5
Case 22-10951-CTG Doc 343-1 Filed 12/07/22 Page 32 of 32
Exhibit 5
Additional Amounts of Borrower Remittance Payments KServicing Paid to CB on October 21, 2020
Amounts CB Claims Owed by Kservicing Based Amounts Kservicing Paid to CB as Shown in 2021 Amounts Kservicing Owed
SbaLoanID Posttime on Synovus Repayment File Return Analysis and Wire Transfer Record to CB
8634997301 9/18/2020 (1,255,175.00) 1,250,925.00 (4,250.00)
9351437302 7/8/2020 (266,941.83) 266,708.00 (233.83)
6981777910 7/14/2020 (58,659.00) 18,131.00 (40,528.00)
6912327900 7/14/2020 (34,179.00) 20,235.00 (13,944.00)
8535987303 7/28/2021 343.00 (343.00) ‐
(1,614,611.83) 1,555,656.00 (58,955.83)
File and source
- File
- gov.uscourts.deb.188293.343.1.pdf
- Size
- 1,045,447 bytes
- SHA-256
- 86e2989f0f14b2c9077e48da6cc065b0e9df247d9fcb50698a94d9411c39c950
- Original
- archive.org