to reach as many small businesses as possible. One of those, Kabbage, was also among the other lenders with the most unforgiven loans in Texas. Here's a look at the top 10:8,839 loans totaling $143.2 million6,497 loans totaling $96.3 million5,900 loans totaling $117.2 million4,872 loans totaling $71.8 million2,433 loans totaling $148.9 million
There are many reasons loans could be unforgiven. Borrowers had to submit applications showing they used the money for eligible expenses. One reason for an unforgiven loan could be that the business owner simply never submitted a forgiveness application. Another could be the owner did not use the money for eligible expenses.
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