What is the amount of each equal monthly installment for the Aerus Secured Promissory Note?
Aerus Franchise · 2025 FDDAnswer from 2025 FDD Document
| As of, |
|---|
| Dallas, Texas |
| FOR VALUE RECEIVED, the undersigned,, a |
| ("Maker"), hereby [jointly, severally and] unconditionally promises to pay to the order of AERUS |
| FRANCHISING, LLC, a Delaware limited liability company ("Payee"), at 14841 Dallas Parkway, |
| Suite 500, Dallas, Texas 75254, or such other address as the holder hereof may, from time to time, |
| designate in writing, the principal sum of AND/100 DOLLARS |
| ($), in lawful money of the United States of America, together with interest on the |
| unpaid principal balance from day-to-day remaining, computed from the date of advance until |
| maturity at a rate per annum equal to percent (%) (the "Fixed Rate"). |
| Reference |
| is |
| hereby |
| made |
| to |
| that |
| certain |
| Franchise |
| Agreement |
| dated |
| by and between Maker and Payee ("Franchise Agreement"). |
| For purposes of calculating interest accrued hereon at the Fixed Rate, interest on this Note |
| shall be calculated on the basis of the actual days elapsed over a 360-day year. |
| Principal and accrued interest on this Note, computed as aforesaid, shall be due and payable |
| as follows: |
| (i) in equal monthly installments, each in the amount of |
| Dollars ($), commencing on, and continuing thereafter on |
| the first (1st) day of each succeeding calendar month, and (ii) in one final installment on |
| , 20, in the amount of the unpaid principal balance and accrued and unpaid |
| interest on this Note as of (and including) such date. |
Source: Item 23 — Receipts (FDD pages 74–305)
What This Means (2025 FDD)
According to Aerus's 2025 Franchise Disclosure Document, the exact dollar amount for the equal monthly installments on the Secured Promissory Note is not specified in the provided excerpts. The document does, however, outline the structure of the note and how the payments are to be made.
The excerpt from Item 23 describes that the principal and accrued interest are to be paid (i) in equal monthly installments, each in the amount of Dollars ($), commencing on, and continuing thereafter on the first (1st) day of each succeeding calendar month, and (ii) in one final installment on , 20, in the amount of the unpaid principal balance and accrued and unpaid interest on this Note as of (and including) such date.
Because the specific dollar amount is not provided, prospective Aerus franchisees should inquire with Aerus about the amount, interest rate, and specific terms of the Secured Promissory Note to fully understand their financial obligations. This information is crucial for financial planning and assessing the affordability of the franchise.