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CB Banks TD Bank Predatory lending practices against small business
TD Bank

TD Bank – Predatory lending practices against small business

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11:42 am EDT
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In September 2024, TD Bank converted my business line of credit into a five-year term loan with only 30 days’ notice. My monthly payment rose from ~$3,000 to ~$8,500.

I paid as long as I could, but when I fell behind due to delayed receivables, TD Bank doubled my interest rate from 9.5% to 18%.

No deferment, no extension, no assistance — only harsher terms. This is predatory and damaging to small businesses.

If you have experienced similar treatment, please contact me at Office@RRConstructionFL.com.

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