Crown MAC has developed an objective credit scoring system to determine loan qualification. Each Crown MAC loan applicant must submit a personal financial statement on the majority shareholder(s) of the business and business financial statements as follows:

• Three years of historical income statements and balance sheets on the business as a whole and on the individual store(s) being financed or to be used as collateral.

• Two years of proforma income statement and balance sheet information (which incorporates the project) on the business as a whole and on the individual store(s) being financed.

Five financial ratios plus bonus criteria will be used to qualify your request. The calculated results for each financial ratio will receive a numerical score. The sum of these numerical scores will determine the financial loan qualification. A debt to sales ratio must be no greater than .45 to 1, and a fixed charge coverage ratio must be at least 1.00 to 1.

 

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