• APPLICATION FOR BUSINESS DEBT RESTRUCTURING

    APPLICATION FOR BUSINESS DEBT RESTRUCTURING

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  • COMPANY INFORMATION

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  • Revenue & Debt Figures

  • Owner Information 1

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  • Why we are required to collect your social security number?

    Like all financial services providers, we require social security number only from our customers for the purposes of identity verification, underwriting, compliance, billing, access, and cataloging of proper records during program servicing phase.

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  • Owner Information 2

  • Why we are required to collect your social security number?

    Like all financial services providers, we require social security number only from our customers for the purposes of identity verification, underwriting, compliance, billing, access, and cataloging of proper records during program servicing phase.

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  • By signing here, the above listed business and business owner(s)/officer(s) (individually and collectively, (“you”) authorize Royale Capital and each of its representatives, successors, assignees and designees (“Recipients”) to use and/or transmit this information to any third party vendor necessary to provide Debt Restructuring/Modification/Settlement services. I am providing my business cell phone and business e-mail address and hereby consent to the receipt of correspondence/messages regarding transactions with Royale Capital and/or its affiliates on either medium. I also hereby consent to the receipt of text messages knowing that msg. & data rates may apply. I understand that consent to receive texts is not a condition of approval. I/we certify that all the information contained herein is complete, true & accurate.

    By signing this document electronically, you are agreeing that your electronic signature is the legal equivalent of your manual signature.

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  • INCOME PROJECTION

    INCOME PROJECTION

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  • If you had to project out your best guestimate for the next 3 months of sales (revenue) for your business, by month, in this CV 19 environment, and assuming no improvement with the virus, what figures would you say are realistic? Please list current month & next 2 months:

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  • With these figures in mind from above, what realistic amount would you feel comfortable using on a weekly basis to allocate towards your lenders in a substantially reduced payment plan that started immediately? Everyone knows the Big Banks were bailed out in ’07-’09, now it’s your turn! The underwriting department will use these figures to “reverse-engineer” the range of potential scenarios that your roster of lenders will acceptin this environment. The most important aspect of the plan is acceptance & affordability: your lenders need to accept the offer (amount you are offering to pay per month), and once they do, that amount needs to be affordable enough so that each payment is made like clockwork on time, every time, so this “episode”, can become a simple speedbump in your rear-view mirrorin time.

  • Based on the information above, I believe I can comfortably allocate on a weekly basis to my new debt restructuring Program.

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  • BUSINESS DEBT SCHEDULE

    BUSINESS DEBT SCHEDULE

  • Please complete all fields and include all debt (including Kabbage, Fundbox, On-Deck and Business credit cards).

    Please be thorough and disclose ALL of your existing secured & unsecured debt as this is the law. Filling out this form as accurately and truthfully as possible will keep you from wasting your time as the lender WILL find any omitted loans when they perform their due diligence prior to closing, and this may cause the lender to CANCEL or modify your loan at the last minute. Please be responsible, IT IS IN YOUR OWN BEST INTEREST.
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  • Documents Required For Underwriting:

    • Client’s three (3) most recent business bank statements (separate pdf’s for each month).
    • Copy of front and back of client’s valid driver’s license.
    • Copy of all signed MCA contracts for legal review. No exceptions!
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