Who benefits from the All Team Funding Agreement?
All_Team Franchise · 2025 FDDAnswer from 2025 FDD Document
arties have executed this Processing Agreement as of the day and year first above written.
| ATFC: | USER |
|---|---|
| ALL TEAM FRANCHISE CORPORATION | |
| By: Brian Hindman, Chief Executive Officer | By: , |
| 500 N. Westshore Blvd., Suite 300 | Address: |
| Tampa, FL 33609 | |
| Attn.: Brian Hindman, Chief Executive Officer |
EXHIBIT C
FUNDING AGREEMENT
FUNDING AGREEMENT
| This FUNDING AGREEMENT is made this day of, 20, by and between ALL TEAM FRANCHISE CORPORATION, INC., a Florida corporation ("ATFC"), and a corporation, limited |
|---|
| liability company or partnership ("USER"). |
| W I T N E S S E T H: |
| WHEREAS, USER has entered into a temporary service business pursuant to a Franchise |
| Agreement with ATFC on 20 ("Franchise Agreement"); and |
| WHEREAS, ATFC and USER are entering into a Processing Agreement on even date herewith in |
| order to allow ATFC to provide certain billing and payroll processing to USER for their temporary |
| employees and possibly their administrative staff ("Processing Agreement"); |
| WHEREAS, ATFC is willing to provide financing for USER's temporary service businesses and |
| USER desires to utilize the funding for the operation of its temporary service businesses, according to the |
| terms, covenants and conditions contained herein; and |
| NOW THEREFORE, in consideration of the above premises and other good and valuable |
| consideration, the receipt and legal sufficiency of which are hereby acknowledged, ATFC and USER agree |
| as follows: |
| I. |
| Definitions. As used in this Funding Agreement the words and terms listed below shall have the |
| following meanings: |
| A. |
| Capitalized terms used herein and defined in the Franchise Agreement shall have the |
| meanings set forth in the Franchise Agreement when used herein unless otherwise defined herein or unless |
| the context otherwise requires. |
| B. |
| "Centennial Agreement" means the funding agreement between Centennial Bank, or any |
| successor or assign ("Centennial") and ATFC, which is incorporated herein by reference. |
| C. |
| "Business" means the temporary personnel service business operated by USER pursuant |
| to the Franchise Agreement. |
| D. |
| "Business Location" means any location(s) at which USER conducts the Business. |
| E. |
| "Customers" mean patrons of the Business who utilize USER's temporary personnel |
| services. |
| F. |
| "Dispute" means any dispute or claim by the Customer in whole or in part as to price, |
| terms, offsets, count claims, contra accounts or any other defense of any other kind and character, real or |
| claimed which are not shown on the face of the invoice. |
G. "Software" means the computer program that ATFC will require USER to use together
with any updates, modifications, revisions, new versions and substitution of any new product thereof, together with all documentation, training manuals, and supplemental computer hardware. ATFC will train USER to facilitate the use of the computer program. Said computer program is designed for "front office" operations in the temporary staffing business, including payroll processing and client billing among other functions.
H. "Wages" means the salaries or wages earned by USER's temporary personnel employees for work performed for Customers.
II. Basic Agreement.
- A. Services. USER agrees to exclusively utilize ATFC for the financing of the payroll for temporary personnel employees placed by USER during the term of this Funding Agreement ("Services").
Source: Item 23 — RECEIPT (FDD pages 34–161)
What This Means (2025 FDD)
According to All Team's 2025 Franchise Disclosure Document, the Funding Agreement is established between All Team Franchise Corporation (ATFC) and the franchisee (referred to as USER). The agreement outlines the terms and conditions under which All Team provides financing to the franchisee for the operation of their temporary service business. Both All Team and the franchisee benefit from this agreement. All Team benefits by receiving payments from customer invoices, while the franchisee benefits by receiving financing for their temporary personnel payroll.
The agreement states that the franchisee agrees to exclusively utilize All Team for financing the payroll for temporary personnel employees. In turn, All Team agrees to provide these services as long as the franchisee is not in default under the Funding Agreement, Franchise Agreement, or Processing Agreement. This arrangement ensures that All Team has a consistent revenue stream through the purchase of customer invoices, while the franchisee receives necessary funding to manage their payroll obligations.
Furthermore, the Funding Agreement includes a guarantee provision, where an individual may personally guarantee the franchisee's obligations under the agreement to induce All Team to enter into the Funding Agreement. The agreement is binding upon and benefits All Team and the franchisee, as well as their permitted successors and assigns. Centennial Bank is also mentioned in the agreement, specifically in relation to the Centennial Agreement, which is a funding agreement between Centennial Bank and All Team. However, the document explicitly states that Centennial Bank has no liability or obligation to the franchisee.