Exhibit C to United States' Sentencing Memorandum: Certified SBA Records re Fundbox Loan to Rosswood Properties — United States v. Cassie Will-Darnall (Dkt. 85.3)
Summary
Exhibit C to the United States’ Sentencing Memorandum in United States v. Cassie Will-Darnall, Case 5:24-cr-00292-PCP, filed August 27, 2025 as Document 85-3. The exhibit is titled Certified SBA Records re: Loan from Fundbox, Inc. to Rosswood Properties, LLC. The Small Business Administration’s Certified Statement of Account, as of January 27, 2025, shows a loan of $1,864,565.00 with Fundbox, Inc. as lender and Rosswood Properties LLC as borrower, and total indebtedness of $2,000,667.47 at an interest rate of 1.000%. The Transcript of Account prints a loan approval date of 07/13/2020. A Certificate of Indebtedness executed January 27, 2025 names Patrick Henning, Lead Accountant, with a notary certification by Joseph Ware.
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“Exhibit C to United States' Sentencing Memorandum: Certified SBA Records re Fundbox Loan to Rosswood Properties — United States v. Cassie Will-Darnall (Dkt. 85.3).”
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Case 5:24-cr-00292-PCP Document 85-3 Filed 08/27/25 Page 1 of 4
Exhibit C
United States v. Cassie Will-Darnall, 5:24-cr-00292-PCP
United States’ Sentencing Memorandum
Certified SBA Records re:
Loan from Fundbox, Inc. to
Rosswood Properties, LLC
Case Administration
Small Business 5:24-cr-00292-PCP Document 85-3 Filed 08/27/25 Page 2 of 4
SMALL BUSINESS ADMINISTRATION
Office of Performance, Planning, and the Chief Financial Officer
Program Accounting Division
Loan Accounting Branch
Denver, CO 80259
CERTIFIED STATEMENT OF ACCOUNT
As of 01/27/2025
Loan Number: 2623808109
Lender Name: Fundbox, Inc.
Borrower Name: Rosswood Properties LLC
Borrower Address: 309 Laurelwood Road
Santa Clara, CA 95054 US
Total Amount Disbursed by Lender to Borrower:
Loan $1,864,565.00
Less: Principal Payments $0.00
Less: Principal Purchased $1,864,565.00
Lender Principal Balance $0.00
Total Amount Disbursed by SBA to Lender:
Principal Purchased $1,864,565.00
Less: Principal Payments $0.00
Add: Purchased and Accrued Interest $80,165.52
Add: PPP Processing Fee $55,936.95
SBA Charges Outstanding $2,000,667.47
Total Indebtedness $2,000,667.47
Interest rate on loan is 1.000%. Interest calculated thru 01/27/2025 Daily interest rate is currently accruing at a rate of
$51.08 per day.
Date of Last Transaction Interest Paid Through
04/23/2022 N/A
Certified to be a true and accurate statement as reflected by the official accounting records of the Small Business
Administration
01/27/2025
Patrick Henning, Lead Accountant Date
Authorized Signature and Title
SBA FORM 596 B (8-81)
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Small Business Administration Case 5:24-cr-00292-PCP Document 85-3 Filed 08/27/25 Page 3 of 4
Transcript of Account
Name Rosswood Properties LLC Ending Balances
Loan Program 1050 - PPP Program - CARES Transcript LAS/ELIPS Difference
Loan Number 2623808109 Current Loan Status 6 Principal Balance $1,864,565.00 $1,864,565.00 $0.00
Code
Loan Approval Date 07/13/2020 Loan Type 27 Accrued Int Balance $28,468.54 $28,468.54 $0.00
Payable Balance $0.00 $0.00 $0.00
Payoff Balances
Payoff Date Principal Accrued Interest Chargeoff Interest Interest to Payoff Date Payoff Amount Daily Interest
01/27/2025 $1,864,565.00 $28,570.71 $102.17 $51,594.81 $1,944,730.52 $51.0839726
Transaction History
Accrued Changeoff
Effective Int INT Remittance Disburse Accrued Principal Interest Interest Payable Acct Payment
Date Days Rate TC CPC Remittance Principal Interest Interest Balance Balance Balance Balance 4020 Application
04/21/2022 0 1.000% 195 $-1,893,033. $0.00 $1,864,565.0 $0.00 $28,468.54 $1,864,565.0 $28,468.54 $0.00 $0.00 $0.00 PO
54 0 0
04/23/2022 2 1.000% 416 $0.00 $0.00 $0.00 $0.00 $0.00 $1,864,565.0 $28,468.54 $102.17 $0.00 $102.17 PO
0
Summary: $-1,893,033. $0.00 $1,864,565.0 $0.00 $28,468.54 $1,864,565.0 $28,468.54 $102.17 $0.00 $102.17
54 0 0
LISTED ABOVE IS A TRANSCRIPT OF ACCOUNT AS OF THE DATES INDICATED, TAKEN FROM THE RECORDS OF THIS AGENCY.
Authorized Signature Date 1-27-2025
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Case Administration
Small Business 5:24-cr-00292-PCP Document 85-3 Filed 08/27/25 Page 4 of 4
SMALL BUSINESS ADMINISTRATION
Office of Performance, Planning, and the Chief Financial Officer
Program Accounting Division
Loan Accounting Branch
Denver, CO 80259
CERTIFICATE OF INDEBTEDNESS
I, Patrick Henning, Lead Accountant, Loan Accounting Branch, Program Accounting Division, Office of Performance,
Planning, and the Chief Financial Officer, Small Business Administration, do hereby certify as such officer that I have the
authority to make this Certificate and that the financial records of said Small Business Administration are under my
custody including the records which are maintained in connection with a loan to: Rosswood Properties LLC 2623808109
Enclosed is a Statement of Account and Transcript of Account relating to said loan, certified as true by, Patrick Henning,
Lead Accountant, Program Accounting Division, Loan Accounting Branch, Office of Performance, Planning, and the Chief
Financial Officer, Small Business Administration. Said Statement of Account and Transcript of Account are true and
correct to the best of my personal knowledge and from my examination of the books and records of the Small Business
Administration with respect to said loan and are hereby incorporated with and made part of this certificate.
Executed this Monday 27th of January 2025
Patrick Henning, Lead Accountant
Authorized Signature and Title
I, Joseph Ware, a Notary Public in and for the State of Colorado, do hereby certify that the above-named Accountant
signed this document, is employed by the United States Small Business Administration, and that such officer has custody
of the official financial records of the Small Business Administration.
My commission expires:08/16/2027 Joseph Ware
E Notary 20234031324-672288
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