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Defaults & losses
Defaulted deals: what was owed at default, what has been recovered since (collections before the default are not a recovery) and the open loss against funded.
| Defaulted | Merchant | Deal # | Funded $ | Payback $ | Collected before default | Owed at default | Recovered since default | % of owed recovered | Open loss (vs funded) |
|---|---|---|---|---|---|---|---|---|---|
| 10/21/2026 | Cedar Street Bakery LLC | DEMO-1006 | $60,000.00 | $78,000.00 | $7,366.78 | $70,633.22 | $2,500.00 | 4% | $50,133.22 |