For those banks who are originating PPP SBA loans, could you please share what you are using for your repayment terms on the Note?

 

The SBA Note template that they have does not have any language built into it.

 

 

Thank you,

 

Gayle P Hagerman

Loan System Administrator, Penns Woods Bancorp, Inc.
Phone: 570-320-2049 | Fax: 570-567-2065

Address: 300 Market Street, Williamsport, PA 17701 | xxxxxx@pwod.com
Member of the Penns Woods Bancorp Family

 

 

From: xxxxxx@marug.simplelists.com <xxxxxx@marug.simplelists.com> On Behalf Of Linda Muffoletto
Sent: Monday, April 06, 2020 12:37 PM
To: xxxxxx@simplelists.com
Subject: SilverLake MA-RUG RE: SBA Loans for Payroll Protection Program

 

I did speak with someone from JHA and they have not yet received final guidance on the particulars of these loans – they are still waiting.  I would just like to be better prepared for the loans.  We are already set up with Lendio to receive the application and now with Wolters Kluwer for the processing.  Anyone else using Lendio and Wolters Kluwer for these loans?  Linda

 

 

 

Linda A. Muffoletto

Executive Vice President & Chief Operating Officer

Rosedale Federal Savings & Loan Association

9616 Belair Road

Baltimore, MD 21236

(P)410.668.4400 ext. 313

Cell 410.294.0587

(F)410.661.2297

xxxxxx@rosedalefederal.com

 

LOGOsmall

image001

 

From: xxxxxx@marug.simplelists.com <xxxxxx@marug.simplelists.com> On Behalf Of Jennifer Stipe
Sent: Monday, April 6, 2020 12:27 PM
To: xxxxxx@simplelists.com
Subject: SilverLake MA-RUG RE: SBA Loans for Payroll Protection Program

 

EXTERNAL EMAILDo not click any links or open any attachments unless you trust the sender and know the content is safe.

I would also be interested in seeing how others have these set, if you are willing to share...

Thanks,

Jen

 

  Jennifer L Stipe

  VP, Loan Operations Manager

  Phone - 717.929.2205

  Fax - 717.768.3494

 

BB-Logo-Final

  309 North Ronks Road

  Bird-in-Hand, PA 17505

 

  www.bihbank.com

   

 

 

 

 

From: xxxxxx@marug.simplelists.com <xxxxxx@marug.simplelists.com> On Behalf Of Linda Muffoletto
Sent: Monday, April 6, 2020 10:35 AM
To: xxxxxx@simplelists.com
Subject: SilverLake MA-RUG SBA Loans for Payroll Protection Program

 

The e-mail below is from an external source. Please do not open attachments or click links from an unknown or suspicious origin.

Hi all – we are almost set up to receive and process applications for the new Payroll Protection Program.  I am looking for assistance with setting up SBA loans in the core.  Can anyone share the parameter that you are using for these loans or other SBA loans? 

 

Thanks, Linda

 

 

 

Linda A. Muffoletto

Executive Vice President & Chief Operating Officer

Rosedale Federal Savings & Loan Association

9616 Belair Road

Baltimore, MD 21236

(P)410.668.4400 ext. 313

Cell 410.294.0587

(F)410.661.2297

xxxxxx@rosedalefederal.com

 

LOGOsmall

image001

 

This email message and any files transmitted with it are confidential/privileged information intended solely for the use of the individual or entity to whom they are addressed. If you are not the intended recipient, or authorized to receive this for the recipient, you must not disseminate, distribute, copy, disclose, or take any action based on this message or any information herein. If you have received this message in error, please advise the sender immediately by reply email and delete this message and any attached files from your system. Because the security of email messages cannot be guaranteed, Rosedale Federal recommends that you never disclose your account numbers, social security number, passwords, or PIN numbers in an email. Thank you for your cooperation.

This message was sent by a member of the SilverLake MA-RUG ListServ; replying to this email will send your response to all ListServ members.

If you have a question/issue, please check the ListServ archive to see if it has been previously addressed: Archives

To unsubscribe from this list please goto Subscription Management

"This communication and any attachments are confidential, and may contain legally privileged information. If the reader of this message is not the intended recipient, you are hereby notified that any copying, use, actions or reliance on the contents, or dissemination by persons other than the addressee(s) is strictly prohibited. Please notify the sender immediately if you received this email in error."

This message was sent by a member of the SilverLake MA-RUG ListServ; replying to this email will send your response to all ListServ members.

If you have a question/issue, please check the ListServ archive to see if it has been previously addressed: Archives

To unsubscribe from this list please goto Subscription Management

This email message and any files transmitted with it are confidential/privileged information intended solely for the use of the individual or entity to whom they are addressed. If you are not the intended recipient, or authorized to receive this for the recipient, you must not disseminate, distribute, copy, disclose, or take any action based on this message or any information herein. If you have received this message in error, please advise the sender immediately by reply email and delete this message and any attached files from your system. Because the security of email messages cannot be guaranteed, Rosedale Federal recommends that you never disclose your account numbers, social security number, passwords, or PIN numbers in an email. Thank you for your cooperation.

This message was sent by a member of the SilverLake MA-RUG ListServ; replying to this email will send your response to all ListServ members.

If you have a question/issue, please check the ListServ archive to see if it has been previously addressed: Archives

To unsubscribe from this list please goto Subscription Management



Confidentiality Notice: This message and any attachments originate by electronic mail from Penns Woods Bancorp and their subsidiaries/affiliates. Both this document and any attachments are intended for the sole use of the addressee indicated above and may contain proprietary, privileged and/or confidential information. If you are not the intended recipient of this message, you are hereby notified that any use or disclosure of this information is strictly prohibited. If you received this message in error, or have reason to believe you are not authorized to receive it, please notify the sender by reply email, with a copy to xxxxxx@pwod.com and then promptly delete the original and reply messages. Thank you for your cooperation.
If you would like to Opt Out of receiving emails, please reply to this email with “UNSUBSCRIBE” in the subject.