The Bank had a perfected security interest in the inventory of the Epstein Bookstore, which owed the bank $20k. On March 1, the inventory was worth $8k. On May 28, when Epstein filed for bankruptcy, the inventory was worth $20k because the store had purchased several new shipments for cash in the interim.

What if the bank first loaned Epstein $20k on 05/01, inventory worth $12k, then worth $20k at bankruptcy petition filed on 05/28.

The bank was undersecured within 90 days before, but was secured at bankruptcy filing.

The trustee will get $12k? Am I correct? 547(c)(5)