# EDGAR Filing Document

**Accession Number:** 0002094123
**File Stem:** 0001104659-26-021685
**Filing Date:** 2026-2
**Character Count:** 23753
**Document Hash:** d243117f9f3033fc6b9fd163f5824bcb
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-26-021685.hdr.sgml**: 20260227

**ACCESSION NUMBER**: 0001104659-26-021685

**CONFORMED SUBMISSION TYPE**: ABS-15G

**PUBLIC DOCUMENT COUNT**: 4

**CONFORMED PERIOD OF REPORT**: 20260227

**ITEM INFORMATION**: Findings and Conclusions of the Third Party Due Diligence Provider Obtained by the Issuer

**FILED AS OF DATE**: 20260227

**DATE AS OF CHANGE**: 20260227

**ABS RULE**: RULE-15GA2

**REGISTERED ENTITY**: N

**ABS ASSET CLASS**: Other

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VelocitySBA Funding, LLC
- **CENTRAL INDEX KEY:** 0002094123

**ORGANIZATION NAME:**
- **EIN:** 392998061
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act
- **SEC FILE NUMBER:** 025-08357
- **FILM NUMBER:** 26701844

**BUSINESS ADDRESS:**
- **STREET 1:** 695 TOWN CENTER DR. STE 240
- **CITY:** COSTA MESA
- **STATE:** CA
- **ZIP:** 92626
- **BUSINESS PHONE:** 877-675-0500

**MAIL ADDRESS:**
- **STREET 1:** 695 TOWN CENTER DR. STE 240
- **CITY:** COSTA MESA
- **STATE:** CA
- **ZIP:** 92626
**DEPOSITOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VelocitySBA Funding, LLC
- **CENTRAL INDEX KEY:** 0002094123

**ORGANIZATION NAME:**
- **EIN:** 392998061
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** ABS-15G
- **SEC ACT:** Dodd Frank Act

**BUSINESS ADDRESS:**
- **STREET 1:** 695 TOWN CENTER DR. STE 240
- **CITY:** COSTA MESA
- **STATE:** CA
- **ZIP:** 92626
- **BUSINESS PHONE:** 877-675-0500

**MAIL ADDRESS:**
- **STREET 1:** 695 TOWN CENTER DR. STE 240
- **CITY:** COSTA MESA
- **STATE:** CA
- **ZIP:** 92626

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM ABS-15G

ASSET-BACKED SECURITIZER REPORT

Pursuant to Section 15G of the

Securities Exchange Act of 1934

Check the appropriate box to indicate the filing obligation to which this form is intended to satisfy:

◻ Rule 15Ga-1 under the Exchange Act (17 CFR 240.15Ga-1) for the reporting period __________ to ___________

Date of Report (Date of earliest event reported):  

(Exact name of securitizer as specified in its charter)

    <br> (Commission File Number of securitizer) (Central Index Key Number of securitizer)

Name and telephone number, including area code,<br> of the person to contact in connection with this filing

Indicate by check mark whether the securitizer has no activity to report for the initial period pursuant to Rule 15Ga-1(c)(1) ◻

Indicate by check mark whether the securitizer has no activity to report for the quarterly period pursuant to Rule 15Ga-1(c)(2)(i) ◻

Indicate by check mark whether the securitizer has no activity to report for the annual period pursuant to Rule 15Ga-1(c)(2)(ii) ◻

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;⌧ Rule 15Ga-2 under the Exchange Act (17 CFR 240.15Ga-2)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>VelocitySBA Loan Trust 2026-1</u> <br> (Exact name of issuing entity as specified in its charter)

Central Index Key Number of depositor: <u>0002094123</u>

Central Index Key Number of issuing entity (if applicable):  

Central Index Key Number of underwriter (if applicable):  

<u>Charles Rho, President, 949-560-2811</u>

Name and telephone number, including area code,<br> of the person to contact in connection with this filing

**PART II – FINDINGS AND CONCLUSIONS OF THIRD PARTY DUE DILIGENCE REPORTS**

**Item 2.01 Findings and Conclusions of a Third Party Due Diligence Report Obtained by the Issuer**

Attached as Exhibit 99.1 hereto is the Independent Accountants' Agreed-Upon Procedures Report, dated January 27, 2026, with respect to certain agreed-upon procedures performed by KPMG LLP.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the reporting entity has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

---

| | | |
|:---|:---|:---|
| VelocitySBA Funding, LLC | VelocitySBA Funding, LLC | VelocitySBA Funding, LLC |
| (Depositor) | (Depositor) | (Depositor) |
| By: | /s/ Charles Rho | /s/ Charles Rho |
|  | Name: | Charles Rho |
|  | Title: | President |

---

Date: February 27, 2026

EXHIBIT INDEX

[99.1](tm267597d1_ex99-1.htm) [Independent Accountants' Agreed-Upon Procedures Report dated January 27, 2026.](tm267597d1_ex99-1.htm)

## Exhibit 99.1

**Exhibit 99.1**

![](tm267597d1_ex99-1img04.jpg)

KPMG LLP

Suite 700

20 Pacifica

Irvine, CA 92618-3391

**Independent Accountants' Agreed-Upon Procedures Report**

VelocitySBA, LLC (the "Company")

Guggenheim Securities, LLC

(together, the "Specified Parties")

Re: VelocitySBA Loan Trust 2026-1 – Data File Procedures

We have performed the procedures described below on the specified attributes in an electronic data file entitled "2025.10.31_S&P Tape vF2 (12.10.25)_VSBA (Send).xlsx" provided by the Company on December 11, 2025 (the "Data File"), containing information on 449 SBA loans (the "SBA Loans") as of October 31, 2025 (the "Cut-off Date"), which we were informed are intended to be included as collateral in the offering by VelocitySBA Loan Trust 2026-1. The Company is responsible for the specified attributes identified by the Company in the Data File.

The Specified Parties have agreed to and acknowledged that the procedures performed are appropriate to meet the intended purpose of assisting specified parties in evaluating the accuracy of the specified attributes in the Data File. This report may not be suitable for any other purpose. No other parties have agreed to or acknowledged the appropriateness of these procedures for the intended purpose or any other purpose.

The procedures performed may not address all the items of interest to a specified party of this report and may not meet the needs of all specified parties of this report and, as such, specified parties are responsible for determining whether the procedures performed are appropriate for their purposes. We make no representation regarding the appropriateness of the procedures either for the intended purpose or for any other purpose.

Unless otherwise stated, the following definitions have been adopted in presenting our procedures and findings:

· The term "compared" means compared to the information
shown and found it to be in agreement, unless otherwise stated. Such compared information was deemed to be in agreement if differences
were within the reporting threshold.

· The term "recomputed" means recalculated and compared
the result to the information shown and found it to be in agreement, unless otherwise stated. Such recomputed information was deemed
to be in agreement if differences were within the reporting threshold.

· The term " reporting threshold" means the following:

Aggregate Gross Market Value were within 1% of the value stated in the Data File; Origination LTV and Current LTV were within 1%;

– Remaining Term and Current Loan Age were within 1 month;

– Years in Business were within 0.1 years; and,

Other dollar amounts and percentages were within $1.00 and 0.1%, respectively.

KPMG LLP, a Delaware limited liability partnership, and its subsidiaries are part of the KPMG global organization of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee.

![](tm267597d1_ex99-1img02.jpg)

· The term "Initial Data File" means an electronic
data file entitled "2025.07.31_S&P Tape v7 (9.16.25).xlsx" provided by the Company on September 16, 2025, containing
information on 420 SBA loans as of July 31, 2025.

· The term "Origination System" means the computer
software system that the Company uses to perform collateral analysis in their SBA loan origination.

· The term "Servicing System" means the computer software
system that the Company uses to service their SBA loans.

· The term "Sources" means the following information provided by the Company for each
 Sample SBA Loan (defined below): Credit Approval Memo, screenshot from USPS.com showing the Zip Code associated with the borrower
 address (the "USPS Screenshot"), screenshots from the Origination System (the "Origination System
 Screenshots"), Articles of Organization, Fictitious Business Name Statement, Business Tax Certificate Application, screenshot
 from the county business filing and registration system (the "Business Filing and Registration System Screenshot")
 electronic data file containing transaction history from the Servicing System (the "Borrower Transaction History
 Extract"), and Servicing Action Memo. We make no representation regarding the validity or accuracy of these documents or the
 execution of the Sources by the borrower.

· The term "Instructions" means the instructions provided
by the Company pertaining to a procedure, attribute, or methodology, as described in the procedures below.

· The term "Provided Information" means the Sources
and Instructions.

The procedures we were instructed by the Company to perform and the associated findings are as follows:

A. We randomly selected a sample of 225 SBA loans from the Initial
Data File using a random sampling tool. For purposes of this procedure, the Company did not inform us of the basis they used to determine
the number of SBA loans we were instructed to randomly select from the Initial Data File. Of the 225 SBA loans selected from the Initial
Data File, only 218 SBA loans were included in the Data File. These 218 SBA loans constituted the "Sample SBA Loans." A listing
of the Sample SBA Loans is attached hereto as Exhibit A.

B. For each Sample SBA Loan, we compared or recomputed the specified
attributes in the Data File listed below to or using the corresponding information included in the Sources, utilizing the Instructions,
as applicable. The Company indicated that the absence of any of the information in the Sources or the inability to agree the indicated
information from the Data File to the Sources or each of the attributes identified, utilizing the Instructions as applicable, constituted
an exception. The Sources are listed in the order of priority.

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Attribute</u> | <u>Sources / Instructions</u> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;City | Credit Approval Memo |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;State | Credit Approval Memo |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Zip Code (Five-Digit) | Credit Approval Memo, USPS Screenshot <br>For Sample SBA Loan #172, the Company informed us that the Zip Code in the Credit Approval Memo was incorrect. We were instructed to compare the Zip Code to the USPS Screenshot. |

---

![](tm267597d1_ex99-1img02.jpg)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Attribute</u> | <u>Sources / Instructions</u> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Aggregate Gross Market Value | Credit Approval Memo, Origination System Screenshot |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;NAICS Code | Credit Approval Memo |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Date Business Established (Month and Year) | Credit Approval Memo, Articles of Organization, Fictitious Business Name Statement, Business Tax Certificate Application, Business Filing and Registration System Screenshot |
|  | For Sample SBA Loans for which the Credit Approval Memo indicated that the borrower is a sole proprietorship, compare the Date Business Established (Month and Year) to the transaction commencement date listed on the Fictitious Business Name Statement. |
|  | For Sample SBA Loan #88, for which the Credit Approval Memo indicated that the borrower is a sole proprietorship and a Fictious Business Name Statement was unavailable, consider the Date Business Established to be January of the earliest year appearing in the Financial Analysis Summary in the Credit Approval Memo. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Number of Years in Business | Recompute as the number of days from the Date Business Established to and including the Cut-off Date divided by 360. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Company Name | Credit Approval Memo <br>Variations due to truncation, punctuation, or abbreviation are not to be considered exceptions. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Risk Rating or Credit Score | Credit Approval Memo |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Funding Date | Borrower Transaction History Extract |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Maturity Date | Recompute by adding the Original Loan Term to the Funding Date. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Current Interest Rate | Borrower Transaction History Extract |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Index | Credit Approval Memo |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Spread | Credit Approval Memo |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Loan Purpose | Credit Approval Memo |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;DSCR | Credit Approval Memo, Servicing Action Memo |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Original Principal Balance | Credit Approval Memo |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Current Principal Balance | Borrower Transaction History Extract |

---

![](tm267597d1_ex99-1img02.jpg)

---

| | |
|:---|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<u>Attribute</u> | <u>Sources / Instructions</u> |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Origination LTV | Credit Approval Memo |
|  | Recompute as (i) the Original Principal Balance divided by (ii) the Aggregate Gross Market Value minus any prior liens listed in the Credit Approval Memo. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Current LTV | Credit Approval Memo |
|  | Recompute as (i) Current Principal Balance divided by (ii) the Aggregate Gross Market Value minus any prior liens listed in the Credit Approval Memo. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Original Loan Term | Credit Approval Memo |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Remaining Term | Recompute as the number of days between the Next Due Date and the Maturity Date divided by 365 and multiplied by twelve (12). |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Current Loan Age | Recompute as the number of days between the Funding Date and the Next Due Date divided by 365 and multiplied by twelve (12). |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;SBA Guarantee Percentage | Credit Approval Memo |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unguaranteed Portion | Recompute as the product of (i) the Original Principal Balance and (ii) one (1) minus the SBA Guarantee Percentage. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Guaranteed Portion | Recompute as the product of the Original Principal Balance and the SBA Guarantee Percentage. |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Next Due Date | Borrower Transaction History Extract |

---

We found such information to be in agreement except as listed in Exhibit B.

We were engaged by the Company to perform this agreed-upon procedures engagement. We conducted our engagement in accordance with attestation standards established by the American Institute of Certified Public Accountants, which involves us performing the specific procedures agreed to and acknowledged above and reporting on findings based on performing those procedures. We were not engaged to, and did not, conduct an examination or review, the objective of which would be the expression of an opinion or conclusion, respectively, on the specified attributes in the Data File. Accordingly, we do not express such an opinion or conclusion. Had we performed additional procedures, other matters might have come to our attention that would have been reported.

We are required to be independent of the Company and to meet our other ethical responsibilities, in accordance with the relevant ethical requirements related to our agreed-upon procedures engagement.

The procedures performed were applied based on the information included in the Data File and Provided Information, without verification or evaluation of such information by us; therefore, we express no opinion or any other form of assurance regarding (i) the reasonableness of the information provided to us by the Company, (ii) the physical existence of the SBA Loans, (iii) the reliability or accuracy of the Provided Information which was used in our procedures, or (iv) matters of legal interpretation.

![](tm267597d1_ex99-1img02.jpg)

The procedures performed were not intended to address, nor did they address: (i) the conformity of the origination of the SBA Loans to stated underwriting or credit extension guidelines, standards, criteria or other requirements, (ii) the value of collateral securing any such SBA Loans being securitized, (iii) the compliance of the originator of the SBA Loans with federal, state, and local laws and regulations, or (iv) any other factor or characteristic of the SBA Loans that would be material to the likelihood that the issuer of the asset-backed securities will pay interest and principal in accordance with applicable terms and conditions. The procedures performed were not intended to satisfy any criteria for due diligence published by the nationally recognized statistical rating organizations ("NRSROs").

The terms of our engagement are such that we have no responsibility to update this report because of events and circumstances that may subsequently occur.

This report is intended solely for the information and use of the Specified Parties. It is not intended to be and should not be used by any other person or entity, including investors or the NRSROs, who are not identified in the report as the Specified Parties but may have access to this report as required by law or regulation.

/s/ KPMG LLP

Irvine, California

January 27, 2026

**Exhibit A**

**The Sample SBA Loans**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Sample SBA <br> Loan <br> Number** | **SBA Loan <br> Number** | **Sample SBA <br> Loan <br> Number** | **SBA Loan <br> Number** | **Sample SBA <br> Loan <br> Number** | **SBA Loan <br> Number** | **Sample SBA <br> Loan <br> Number** | **SBA Loan <br> Number** |
| 1 | 20261001 | 48 | 20261048 | 95 | 20261095 | 142 | 20261142 |
| 2 | 20261002 | 49 | 20261049 | 96 | 20261096 | 143 | 20261143 |
| 3 | 20261003 | 50 | 20261050 | 97 | 20261097 | 144 | 20261144 |
| 4 | 20261004 | 51 | 20261051 | 98 | 20261098 | 145 | 20261145 |
| 5 | 20261005 | 52 | 20261052 | 99 | 20261099 | 146 | 20261146 |
| 6 | 20261006 | 53 | 20261053 | 100 | 20261100 | 147 | 20261147 |
| 7 | 20261007 | 54 | 20261054 | 101 | 20261101 | 148 | 20261148 |
| 8 | 20261008 | 55 | 20261055 | 102 | 20261102 | 149 | 20261149 |
| 9 | 20261009 | 56 | 20261056 | 103 | 20261103 | 150 | 20261150 |
| 10 | 20261010 | 57 | 20261057 | 104 | 20261104 | 151 | 20261151 |
| 11 | 20261011 | 58 | 20261058 | 105 | 20261105 | 152 | 20261152 |
| 12 | 20261012 | 59 | 20261059 | 106 | 20261106 | 153 | 20261153 |
| 13 | 20261013 | 60 | 20261060 | 107 | 20261107 | 154 | 20261154 |
| 14 | 20261014 | 61 | 20261061 | 108 | 20261108 | 155 | 20261155 |
| 15 | 20261015 | 62 | 20261062 | 109 | 20261109 | 156 | 20261156 |
| 16 | 20261016 | 63 | 20261063 | 110 | 20261110 | 157 | 20261157 |
| 17 | 20261017 | 64 | 20261064 | 111 | 20261111 | 158 | 20261158 |
| 18 | 20261018 | 65 | 20261065 | 112 | 20261112 | 159 | 20261159 |
| 19 | 20261019 | 66 | 20261066 | 113 | 20261113 | 160 | 20261160 |
| 20 | 20261020 | 67 | 20261067 | 114 | 20261114 | 161 | 20261161 |
| 21 | 20261021 | 68 | 20261068 | 115 | 20261115 | 162 | 20261162 |
| 22 | 20261022 | 69 | 20261069 | 116 | 20261116 | 163 | 20261163 |
| 23 | 20261023 | 70 | 20261070 | 117 | 20261117 | 164 | 20261164 |
| 24 | 20261024 | 71 | 20261071 | 118 | 20261118 | 165 | 20261165 |
| 25 | 20261025 | 72 | 20261072 | 119 | 20261119 | 166 | 20261166 |
| 26 | 20261026 | 73 | 20261073 | 120 | 20261120 | 167 | 20261167 |
| 27 | 20261027 | 74 | 20261074 | 121 | 20261121 | 168 | 20261168 |
| 28 | 20261028 | 75 | 20261075 | 122 | 20261122 | 169 | 20261169 |
| 29 | 20261029 | 76 | 20261076 | 123 | 20261123 | 170 | 20261170 |
| 30 | 20261030 | 77 | 20261077 | 124 | 20261124 | 171 | 20261171 |
| 31 | 20261031 | 78 | 20261078 | 125 | 20261125 | 172 | 20261172 |
| 32 | 20261032 | 79 | 20261079 | 126 | 20261126 | 173 | 20261173 |
| 33 | 20261033 | 80 | 20261080 | 127 | 20261127 | 174 | 20261174 |
| 34 | 20261034 | 81 | 20261081 | 128 | 20261128 | 175 | 20261175 |
| 35 | 20261035 | 82 | 20261082 | 129 | 20261129 | 176 | 20261176 |
| 36 | 20261036 | 83 | 20261083 | 130 | 20261130 | 177 | 20261177 |
| 37 | 20261037 | 84 | 20261084 | 131 | 20261131 | 178 | 20261178 |
| 38 | 20261038 | 85 | 20261085 | 132 | 20261132 | 179 | 20261179 |
| 39 | 20261039 | 86 | 20261086 | 133 | 20261133 | 180 | 20261180 |
| 40 | 20261040 | 87 | 20261087 | 134 | 20261134 | 181 | 20261181 |
| 41 | 20261041 | 88 | 20261088 | 135 | 20261135 | 182 | 20261182 |
| 42 | 20261042 | 89 | 20261089 | 136 | 20261136 | 183 | 20261183 |
| 43 | 20261043 | 90 | 20261090 | 137 | 20261137 | 184 | 20261184 |
| 44 | 20261044 | 91 | 20261091 | 138 | 20261138 | 185 | 20261185 |
| 45 | 20261045 | 92 | 20261092 | 139 | 20261139 | 186 | 20261186 |
| 46 | 20261046 | 93 | 20261093 | 140 | 20261140 | 187 | 20261187 |
| 47 | 20261047 | 94 | 20261094 | 141 | 20261141 | 188 | 20261188 |

---

**Exhibit A – Continued**

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| **Sample SBA**<br>**Loan**<br>**Number** | <br>**SBA Loan**<br>**Number** | **Sample SBA**<br>**Loan**<br>**Number** | <br>**SBA Loan**<br>**Number** | **Sample SBA**<br>**Loan**<br>**Number** | <br>**SBA Loan**<br>**Number** | **Sample SBA**<br>**Loan**<br>**Number** | <br>**SBA Loan**<br>**Number** |
| 189 | &nbsp;&nbsp;&nbsp;&nbsp;20261189 | 197 | 20261197 | 205 | &nbsp;&nbsp;&nbsp;&nbsp;20261205 | 213 | &nbsp;&nbsp;&nbsp;&nbsp;20261213 |
| 190 | &nbsp;&nbsp;&nbsp;&nbsp;20261190 | 198 | 20261198 | 206 | &nbsp;&nbsp;&nbsp;&nbsp;20261206 | 214 | &nbsp;&nbsp;&nbsp;&nbsp;20261214 |
| 191 | &nbsp;&nbsp;&nbsp;&nbsp;20261191 | 199 | 20261199 | 207 | &nbsp;&nbsp;&nbsp;&nbsp;20261207 | 215 | &nbsp;&nbsp;&nbsp;&nbsp;20261215 |
| 192 | &nbsp;&nbsp;&nbsp;&nbsp;20261192 | 200 | 20261200 | 208 | &nbsp;&nbsp;&nbsp;&nbsp;20261208 | 216 | &nbsp;&nbsp;&nbsp;&nbsp;20261216 |
| 193 | &nbsp;&nbsp;&nbsp;&nbsp;20261193 | 201 | 20261201 | 209 | &nbsp;&nbsp;&nbsp;&nbsp;20261209 | 217 | &nbsp;&nbsp;&nbsp;&nbsp;20261217 |
| 194 | &nbsp;&nbsp;&nbsp;&nbsp;20261194 | 202 | 20261202 | 210 | &nbsp;&nbsp;&nbsp;&nbsp;20261210 | 218 | &nbsp;&nbsp;&nbsp;&nbsp;20261218 |
| 195 | &nbsp;&nbsp;&nbsp;&nbsp;20261195 | 203 | 20261203 | 211 | &nbsp;&nbsp;&nbsp;&nbsp;20261211 |  |  |
| 196 | &nbsp;&nbsp;&nbsp;&nbsp;20261196 | 204 | 20261204 | 212 | &nbsp;&nbsp;&nbsp;&nbsp;20261212 |  |  |

---

Note: The Company has assigned a unique Loan Number to each SBA Loan in the Data File. The SBA Loan Numbers referred to in this Exhibit are not the actual Loan Numbers.

**Exhibit B**

**Exceptions List**

---

| | | | | |
|:---|:---|:---|:---|:---|
| **Sample SBA**<br>**Loan Number** | **SBA Loan**<br>**Number** | <br>**Attribute** | <br>**Per Data File** | <br>**Per Sources** |
| 210 | 20261210 | Origination LTV<sup>1</sup> | 107.24% | 114.91% |
| 210 | 20261210 | Current LTV<sup>1</sup> | 105.82% | 113.39% |
| 213 | 20261213 | Aggregate Gross Market Value | $1833649 | $1933649 |
| 213 | 20261213 | Origination LTV<sup>2</sup> | 93.37% | 88.54% |
| 213 | 20261213 | Current LTV<sup>2</sup> | 92.91% | 88.11% |

---

<sup>1</sup> The exception is due to differences in the prior liens listed in the Credit Approval Memo for purposes of the recomputation.

<sup>2</sup> The exception is due to exception in the related Aggregate Gross Market Value.