Archived Kabbage Webpage, Paycheck Protection Program Authorized Lender — Pietschner v. Kabbage (Dkt. 90-2)

Summary

Exhibit filed May 9, 2025 as Document 90-2 in Case 4:21-cv-00110-SDJ (Pietschner v. Kabbage, E.D. Tex.), consisting of pages 2 through 6 of an archived Kabbage webpage headed SBA Paycheck Protection Program Authorized Lender. The page states that PPP loans are available for up to 2.5 times average monthly payroll, that Kabbage can only process loans of up to $2 million, that any amount not forgiven will be treated as a two-year loan with a 1% fixed interest rate, and that payments are deferred for 6 months. It outlines application steps from online application to SBA response and loan issuance, lists what to include and not include in the loan calculation, and lists eligible business types. Footnotes state that Kabbage offers PPP loans directly as an approved SBA lender and indirectly on behalf of one or more approved lenders.

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Case 4:21-cv-00110-SDJ Document 90-2 Filed 05/09/25 Page 2of6PagelD#: 953

Y/ J Kabbage’ Busi Loans Payments Resources~ Support ~ Sign In

SBA Paycheck Protection Program
Authorized Lender

Paycheck Protection
Program (PPP) loans

Kabbage's online application makes applying for and using an

SBA Paycheck Protection Program loan as simple as possible.

Ready to apply Want to know your PPP

for a PPP loan? loan application status?
Make sure you have the Log in and visit the SBA
right documents ready. Loan tab of your dashboard

Here’s how it works:

Paycheck Protection Program (PPP) loans are available for All or part of your loan proceeds may be eligible for loan
ry) up to 2,5 times of your average monthly payroll during the ry) forgiveness. Any amount that is not forgiven will be
year preceding the application. Note, Kabbage can only treated as a two-year loan with a 1% fixed interest rate.

process loans of up to $2 million.

If all employees are kept on payroll, SBA will forgive the All payments (principal, interest and fees) are deferred for
ry) portion of the loans used for payroll, rent, mortgage ry) 6 months; however, interest will continue to accrue over
interest or utility payments - for up to 8 weeks after the this period,

loan is issued and up to 100% of the PPP loan amount.
Case 4:21-cv-00110-SDJ Document 90-2 Filed 05/09/25 Page3of6PagelD#: 954

What to prepare before you
apply for a PPP loan

Make sure you have the documents required for your business type.

If your business structure is any of the following:

Corporation, Professional Corporation, General Partnership, LLC, Nonprofit

If your business structure is any of the following:

Sole Proprietorship, Independent Contractor, Self-employed, Single member LLC

What to expect from the
application process

1 Online Application.
= You'll share info about yourself, any additional business owners and your
business, including payroll filings and certifications necessary for eligibility. You

can preview the questions here

Documents verified.
We'll make sure you have all the right documents to verify your information. If

we need anything else from you, you'll be notified by email and submitted.

2 Application review.
Once we have all the right documents, we'll review the information you've
submitted.

Submitted to the SBA.

= When your application is ready and we've calculated your estimated loan

amount, we'll submit your information to the SBA.

SBA response.
= We'll let you know if the SBA approved or declined your PPP loan application.

6 PPP loan issued.

- If you're approved, you'll be asked to sign loan documents, and your funds will

be deposited into the bank account you securely connected during the

application.
Case 4:21-cv-00110-SDJ Document 90-2 Filed 05/09/25 Page4of6PagelD#: 955

How we calculate your
potential loan amount

PPP loans are available for upto 2.5 times of It’s important that all of the figures you report Even if you haven't yet filed your 2019 tax
your average monthly payroll from calendar in your application are accurate and match documents (e.g. Form W-3 or 1040), make
year 2019. the documents you upload to verify your sure you fill them out and submit them with
loan amount. your application to verify earnings.
What to include in your calculation What NOT to include in your calculation
Businesses with employees ¢ Employee-paid group health benefit contributions found in

uploaded statements!

Wages, tips and other compensation, excluding contractors (found
on your 2019 Form W-3 Box 1 or Box 5)

Any paid leave or allowance for severance (no FFCRA paid leave)
found in your 2019 Form 940 or 944

State and local taxes assessed on compensation as found on your
2019 Form W-3 Box 17 and Box 19

Employee-paid retirement contributions!

For employees that make greater than $100K in wages, the portion

of earnings greater than $100K
Wages paid for employees with a permanent residence outside
the U.S.

2

Payroll expenses for a particular season
Partnerships

. 'To verify your information as quickly as possible, we're not currently
* Self-employment earnings (found on Form 1065 Schedule K-1 Box

14; up to $100K per partner) including employee-paid group health benefits or retirement

contributions in loan calculations.
Sole proprietorships, Single LLCs or Independent Contractors

2Kabbage cannot calculate loan amounts based on seasonal payroll
* Net earnings (found on line 31 of your 2019 Form 1040 Schecule expenses. To apply through Kabbage, select your business type and

proceed with the standard annual calculation.

What businesses are eligible?

Your business is eligible if it was operational as of February 15, 2020, and
qualifies as one of the following:

* asmall business with fewer than 500 employees * anon-profit under Section 501(c)(3) of the Internal Revenue
Code of 1986, as amended (Internal Revenue Code), so long as
that entity has fewer than 500 employees

* asmall business that otherwise meets the SBA s size a veterans organization under Section 501(c)(19) of the Internal
requirements Revenue Code that meets the SBA’s size requirements

* sole proprietors, independent contractors and self-employed a tribal business entity that meets the SBA’s size requirements

duals who regularly carry on any trade or business,

_— * . ; a hospitality or food service business (those with a NAICS code
TE Aen ei ee) CEETY) beginning with 72) if it has fewer than 500 employees per

physical location

Click here to see if your business is not eligible because of SBA
requirements and/or Kabbage restrictions.
Case 4:21-cv-00110-SDJ Document 90-2 Filed 05/09/25 Page5of6PagelD#: 956

Are you an Uber driver?

Kabbage makes it easy for drivers and delivery people who use the Uber
platform to apply online for SBA Paycheck Protection Program loans.
Learn more about what you need to apply and what you can expect.

Learn more about the PPP

Ultimate Guide to Paycheck Paycheck Protection Program (PPP) EIDL vs PPP loans: How SBA
Protection Program (PPP) Loans loan forgiveness guidelines Coronavirus Business Loans Work

Review our FAQs for details about applying and using funds.

Be aware of potential scams
We want to make sure you and your business are protected and get the critical

funding you need during this crisis. Review our FAQs for signs of potential SBA

fraud, which you can report on ine or through the Office of Inspector General's

hotline at 300-767-0385.
Case 4:21-cv-00110-SDJ Document 90-2 Filed 05/09/25 Page6of6PagelD#: 957

FOOTNOTES Back To Top

At this time, Kabbage is offering Paycheck Protection Program (“Program”) loans directly as an approved U.S. Small Business Administration ("SBA") lender and indirectly on behalf of
one or more approved lenders. Loan agreements will identify the lender to small businesses at signing, and any loan made under the Program must also be submitted to and approved
by the SBA. Program funds ere limited. Kabbage does not guarantee thet applications will be processed and submitted before Program funding is no longer available. There is no cost

to you to apply for e Program loan. Applying with Kabbage does not limit you from applying with other lenders, but you may only accept and sign one Program loan agreement.

Kabbage —not Cabbege—mekes managing small business finances easy.

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