Can a lender increase the interest rate on a loan after the loan agreement has been signed?

My advise is to continue to contact the bank and ask about the funds; try to speak with someone with authority like a manager or supervisor. From my personal dealings with PPP loans and the response time to get an answer, I understand there can be delays but this is a long time and they are listing the funds as disbursed so there is an issue somewhere. Also, get an email address where you can submit an inquiry regarding the funds. If you need additional help, you can reach out to me on the platform. All the best, Donya Gordon

Is your name on the loan or title?

Generally no, a lender cannot unilaterally change the terms of a loan agreement without the borrower's consent. Loan agreements are binding contracts, and any modification to the terms (such as interest rate, repayment schedule, or collateral requirements) typically requires both parties to agree to the change. However, depending on the agreement's terms and the type of loan, there are some nuanced exceptions. Some loan agreements permit changes without borrower consent, such as variable rate provisions, default provisions (allowing changes if borrower is in default), or loan servicing clauses (ex. payment instructions can usually be modified unilaterally). However, in each case, these rights to modify the terms must be clearly stated in the loan agreement, and if the agreement is silent, the lender cannot change the terms without the consent of the borrower. The information provided in this response is for general informational purposes only and does not constitute legal advice. No attorney-client relationship is formed by this communication. For advice specific to your situation, please seek legal counsel.

Hello, This is Donya. I would love to assist you with reviewing the APA from the sellers attorney for the purchase of your online business As a contracts attorney, with over 20 years of legal and business experience, my business focuses on the purchase and sale of ecommerce and other businesses. I work with clients from international brokerage firms like Website Closers, Fortia and Flippa in the purchase and sale of assets, ecommerce stores, trademarks, patents and/or complete businesses. I have been involved with purchase and sale of a host of ecommerce companies. Within the past year, I have completed at least two dozen deals. If you would like me to assist you, you can reach out to me on the Contracts Counsel website or on my personal page on the site and send me a message or schedule a call with me. I look forward to hearing from you. Donya Gordon

This depends on what was agreed to by the parties in the contract. If the contract is silent, did the parties have an understanding as to what would happen? It would be beneficial to have your agreement reviewed by an attorney and advise you on next steps. I can assist you with that review and advise. You can connect with me through the website. Donya Gordon