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Zero Net Consolidation

Until recently, in order to consolidate multiple cash advances, your business would need to qualify for a new loan amount equivalent to twice that of the total outstanding debt, so that your business would “Net” 50% of the new loan amount (after paying off all existing balances). Many business owners involved with multiple cash advances fall into a cycle of renewing one advance to keep up with payments on the other, making it very difficult for businesses to ever reach that 50% point. This is a common scenario, addressed quickly and easily through the Zero-Net Consolidation Program. Utilizing this model, we have the ability to consolidate all existing debt, or leave the largest position untouched (coming in “Second Position”), without requiring the business net a specific percentage of the loan amount in order to qualify.

Standard Submission Requirements:

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

Additional Submission Requirements:

Brief Executive Summary (a few paragraphs is fine) describing the company, principles and reason for the funding request. Six most recent business bank statements. 2015 and 2016 year-to-date (YTD) Balance Sheet. 2015 and 2016 year-to-date (YTD) Profit & Loss Statements. Debt Schedule (if applicable): Should include all total outstanding balance(s), listed individually. Legible copy of driver’s license and voided check(s) for all active business bank accounts.

  • Product Details

    Max Funding Amount:

    $150,000

    Payment Frequency:

    Weekly, Daily

    Classification:

    Business Loan

    Prepayment Benefits:

    Yes

    Origination Fee:

    Inclusive

    Funding Time:

    24 - 48 hours

  • Minimum Qualifications

    FICO® Score:

    600

    Monthly Revenue:

    $25,000

    Time in Business:

    12 Months

  • Weekly base payment per $20,000. *

    12-Month Term:

    $477

    18-Month Term:

    $333

  • Weekly base payment per $100,000. *

    12-Month Term:

    $2,385

    18-Month Term:

    $1,667

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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.