BB&T Commercial Equipment Capital Seeks to Recover on Delinquent Loan

According to court documents filed in the U.S. District Court of Eastern Pennsylvania, BB&T Commercial Equipment Capital, f/n/a Susquehanna Commercial Finance, has filed a complaint alleging that Happy Clam Holdings and sureties, Ryan Humphrey and Stephanie Humphrey, have defaulted on an equipment related loan dated December 8, 2015 with a balance owing of $217,245 plus accrued late charges of $658, plus attorney fees of 15%, leaving a total balance owing of $250,588.

The original transaction provided for 83 monthly installments plus applicable taxes of $3,292 each. The company made 17 payments under the terms of the transactions before defaulting on the loan earlier this year.

BB&T is demanding judgement against the defendant, Happy Clam Holding, in the sum of $250,589 plus interest and applicable late charges.

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Terry Mulreany
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