According to Amerispec Inspection Services's 2025 Franchise Disclosure Document, the borrowings on notes payable in 2024 amounted to $5,250,000. This figure represents the cash inflow the company received from these financing activities during that year. This information is crucial for prospective franchisees as it provides insight into how Amerispec Inspection Services manages its finances and funds its operations.

Specifically, this borrowing indicates that Amerispec Inspection Services utilized debt financing to support its activities. For potential franchisees, understanding the company's debt structure can offer a clearer picture of its financial stability and risk profile. It's important to note that while borrowing can fuel growth and investment, it also introduces financial obligations that must be met, influencing the company's overall financial health.

Furthermore, the FDD provides additional details on various notes payable, including a note payable to a financial institution of $5,250,000 with monthly interest payments at a 12% cash rate and 1.5% paid-in-kind (PIK), due upon maturity July 1, 2029. There is also a note payable of $1,200,000, due in quarterly payments of $42,857, including interest of 6% per annum, maturing November 2031. Another note payable of $950,000, due in yearly payments of $475,000, maturing October 2026, and a note payable of $350,000, due in yearly payments of $175,000, including interest of 3% per annum, maturing July 2026. These details help in assessing the company's debt obligations and repayment schedules.

In summary, the $5,250,000 borrowing on notes payable in 2024 reflects a significant financing activity for Amerispec Inspection Services. Potential franchisees should consider this information in conjunction with other financial data in the FDD to evaluate the financial practices and stability of the franchisor.