Important COVID-19 Banking Information

Due to the recent development of COVID-19, your banking information may have changed:


BankTerms
Affinity Bank1 day turn around on Lines of Credit (if existing customer) and 3 months deferred payments.
Bank of AmericaInterest only 90 days, must request
Bank of America60 day deferral of payments + line of credit
BBVA Compass60 day deferral of payments + line of credit
Chase60 day deferral of payments or interest only for 60 days + line of credit
CiticorpCurrently working on a deferral program on a case by case basis
First CitizensNo payments for 60 days (must request), business unsecured loans for up to 24 months with a low fixed interest rate
Lendeavor60 days deferred payments
M&T90 day payment deferral,interest accrues during the 3 months
PNCInterest only 90 days & possible 90 day total deferment
PNC60 day deferment
Prosperity Bank60 day deferral of payments + line of credit
South StateInterest only 120 days
Wells Fargo3 month deferment
Zion BankReview each request, It could be a line of credit, interest only period, or a deferment of P&I for a period of time
SBAExpress Loan Payment , limited to 10% of Fee Income , priced at prime 3.25% plus 1% to 3%
Student LoansWill be mandated to come up with a payment deferral program;   https://www.sba.gov/funding-programs/disaster-assistance

Please contact us for more information.