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“As people and communities look to recover from the impacts of the COVID-19 pandemic, we recognize that now, more than ever, we can make a difference and help our customers through these challenging times.”

It will not need to be paid pack and is available to people “When people own their homes, it builds the neighborhood, provides stabilization and strengthens the community. TCF's commitment makes it one of the first companies in that group to take concrete actions, Anthony said. The money will go to the Strategic Neighborhood Fund, an effort used by the city to use funds from philanthropic gifts and public subsidies for neighborhood improvements. TCF will offer loans of up to $1 million for businesses in Detroit, Grand Rapids and other Midwest cities. Small business admin (SBA) loans As a Preferred SBA Lender, TCF National Bank works with the Small Business Administration to offer a variety of loan programs, such as the Express, SBA 7a and 504 loans, designed to help achieve the goals of small businesses in our communities. TCF is growing its presence in Michigan after the merger with Chemical Bank last year. The customer sued TCF, which apologized for calling the police. × Transition weekend: what you need to know There will be some temporary interruptions in service over transition weekend, August 7, 8, and 9. "Gary Torgow is demonstrating clearly that his bank is serving as a headlight and not a taillight," he said.

Two months after nine executives of Detroit's largest companies came together to reject racism in their workplaces and communities, TCF Bank Executive Chairman Gary Torgow said he is committing to $1 billion in loans to minority- and female-owned businesses Thursday.In addition to the small business loans, Torgow also announced a $10 million grant program for low- tomoderate-income home buyers that will provide up to $3,000 to help cover closing costs. We recognize the crucial need for change, and as a bank committed to strengthening individuals, businesses, and communities, we are inspired to help these business owners create wealth and pursue their dreams,” said TCF Executive Chairman Gary Torgow. “Last month, we joined Mayor Duggan and other business leaders in Detroit and pledged to do our part to fight racism, bigotry and inequality in this country. Explore small business banking products that support your big dreams, with flexible tools and services designed to help your business grow, from TCF Bank. We recognize that access to funds for a down payment is the single largest hurdle to home ownership, and our hope is this grant will provide a pathway to home ownership for more people,” said CEO Craig Dahl. "Torgow said profits generated from processing loans through the Paycheck Protection Program will help to fund the small business loan commitment. "These programs address the systemic racism that has denied too many their piece of the American dream," said Torgow, pointing to the fact that minority and female entrepreneurs have historically had a more difficult time obtaining loans compared with white men.It was Torgow's letter to TCF employees following the death of George Floyd, who was killed in police custody, that inspired the first news conference in early June. The programs are among a 5-year plan that Detroit Mayor Mike Duggan secured from major corporations.“While small businesses drive the economy and are the backbone of our neighborhoods, minority-owned and women-owned small businesses have historically had a more difficult time obtaining loans than their white and male counterparts. TCF will offer loans of up to $1 million for businesses in Detroit, Grand Rapids and other Midwest cities.The grants for home buyers are available for customers who earn less than 80% of the area median income.

the Rev. That investment, announced last year, has gone to creating a STEM lab at Cooke Elementary School, a fund for new and existing businesses, streetscape improvements and creating or preserving affordable housing. (WXYZ) — TCF Bank announced Thursday that it is giving $1 billion in loans to minority- and women-owned small businesses.According to TCF, there will also be a $10 million grant program that will assist low-to-moderate income home buyers.

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