BB&T Commercial Equipment Capital Seeks to Recover on Delinquent Loan
AUG 18, 2017 - 7:23 am
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.
Like this story? Begin each business day with news you need to know! Register now for FREE Daily E-News Broadcast and start YOUR day informed!
Deborah Baker faced a dilemma the summer before she began college. She was all set to work alongside her best friend at Ponderosa Steakhouse when her mother, who worked for AT&T Capital, arranged a summer contracting position for her. Baker... read more
Believing in the leadership motto, “Learn more, inspire more, do more,” Ricardo E. (Ricky) Rios, chief operating officer of Commercial Equipment Finance, also models his life after it. Following his passion for self-development, Rios has taken Commercial Equipment Finance to... read more