KServicing reports $3.68 million net loss for March

By Sarah Lizee

Olympia, Wash., April 24 – Kabbage, Inc., which does business as KServicing, reported a $3.68 million net loss on $2.57 million of gross income/sales for March, according to its monthly operating report filed Friday with the U.S. Bankruptcy Court for the District of Delaware.

The cash balance at the end of the month was $29.15 million.

The Atlanta-based servicer and subservicer of small business Paycheck Protection Program loans filed bankruptcy on Oct. 3, 2022 under Chapter 11 case number 22-10951.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.