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Business Loans

Crowne & Company Business Loans are a fast and effective form of financing with minimal paperwork and hassle. Due to our unique process, Crowne has the ability to instantly screen our underwriting results against the guidelines associated with a vast number of industry-leading wholesale providers, effectively targeting the lowest cost of capital available to your business. This allows us to execute the transaction in a timely manner, while maintaining the integrity of your personal credit score and financials.

While the application process between business loan and cash advance are quite similar – there are a number of distinct differences:

Tax Deductible Interest

A “Cash Advance” is technically the purchase of future receivables at a discounted rate, making it a transaction rather than a “loan.” There is no interest rate involved with this transaction as the “Funder” is simply purchasing future revenue at a discount; not lending capital.

Prepayment Benefits

Business Loans commonly feature prepayment benefits, whereas Cash Advance transactions do not.

Broker Fee / Professional Service Fee: NONE. Our fees are paid directly by the wholesale providers. We do not charge additional fees to the business owner.

Consolidation: Typically, in order to consolidate any outstanding balances with a Business Loan, the new approval amount must double the total amount of existing debt. In this scenario, the business owner would “Net” 50% or more of the new loan amount. If total outstanding debt exceeds 50% of your average monthly revenue, please refer to the next page for alternative consolidation programs.

Standard Submission Requirements:

  • Crowne & Company application
  • Three, most recent business bank statements: (Please be sure to include all pages.)
  • Most Recent Corporate Tax Return

  • Product Details

    Max Funding Amount:

    $2 million

    Payment Frequency:

    Weekly, Daily

    Classification:

    Business Loan

    Prepayment Benefits:

    Yes

    Origination Fee:

    0-2%

    Funding Time:

    24 - 48 hours

  • Minimum Qualifications

    FICO® Score:

    500

    Monthly Revenue:

    $25,000

    Time in Business:

    12 Months

  • Weekly base payment per $20,000. *

    6-Month Term:

    $869

    12-Month Term:

    $454

    15-Month Term:

    $369

    18-Month Term:

    $308

    24-Month Term:

    $258

  • Weekly base payment per $100,000 *

    6-Month Term:

    $4,346

    12-Month Term:

    $2,269

    15-Month Term:

    $1,846

    18-Month Term:

    $1,539

    24-Month Term:

    $1,289

    36-Month Term: *

    $949

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CROWNE & COMPANY. MIAMI BASED. NATIONAL REACH.

© 2017 Crowne & Company LLC.

Business Loans provided by third parties and subject to lender approval.

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