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Layered Consolidation

Designed for businesses that have multiple loans outstanding (stacked) and are looking to lower their payments. This program is used to pay off existing balances (as initially agreed to), while alleviating the stress on imposed on cash flow by the remaining payments associated with those balances.

The funding process is “Layered” in a sense that each week, a deposit is made into your business bank account. This deposit is equivalent to the total dollar amount of payments that are scheduled to be deducted from your account that week (by existing lenders). Rather than having to focus on maintaining multiple payments, a new deposit covers them each week until those balances have been paid. In turn, you pay one, significantly reduced daily payment. Approvals that are granted generally exceed total outstanding debt, allowing your business to secure additional capital up front in this process.

Submission Requirements:

  • Crowne & Company Application
  • Six most recent business bank statements
  • Brief Executive Summary
  • Debt Schedule: All outstanding balance(s), listed individually
  • 2015 and 2016 year-to-date (YTD) Profit & Loss Statements
  • 2015 Corporate Tax Return (including ownership schedule)

CROWNE & COMPANY. MIAMI BASED. NATIONAL REACH.

© 2017 Crowne & Company LLC.

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