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I got my personal PPP mortgage before , what’s the identity of my PPP financing?
Fixed interest of 1% per year
Five-12 months name
Unsecured without personal guaranties required
Susceptible to standard SBA promissory mention words
In the event the PPP mortgage disbursement date is In advance of , your loan name try a couple of years, if you don’t and you will TD Lender mutually agree to alter the title so you’re able to five years.
How to customize my personal PPP loan? Consumers who would http://www.paydayloancolorado.net/orchard-city like to customize their PPP mortgage identity regarding dos many years to 5 years (Round 1 individuals) have to basic sign up for and you can discover an excellent forgiveness choice on SBA. After a great forgiveness decision could have been gotten, borrowers would be to contact their PPP processor chip to change the remaining harmony of one’s PPP financing.
Note: If you would like a modification but don’t wanted one forgiveness on PPP loan, you need to sign up exhibiting an effective forgiveness consult from $0. TD Bank cannot modify PPP financing in place of this complete basic.
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INCLEMENT WEATHER NOTICE:
Our North Little Rock office and showroom will be closed Thursday, January 9th at noon and all day Friday, January 10th due to the forcast inclement weather. We apologize for any inconveniance
