What is the processing fee charged to an Anago franchisee if Anago advances collected funds that are not yet payable?
Anago Franchise · 2025 FDDAnswer from 2025 FDD Document
rand Standards Department will correct the deficiency. You will be assessed all costs We incur to correct the complaint.
- (j) Handling Fee. Client payments sent or given directly to You must be forwarded to the Anago Regional Office for processing. Failure on Your p
Source: Item 23 — RECEIPTS (FDD pages 62–298)
What This Means (2025 FDD)
According to Anago's 2025 Franchise Disclosure Document, if Anago advances collected funds to a franchisee before those funds are payable, the franchisee will be charged a processing fee. This fee is set at $25.
This fee covers Anago's costs associated with providing early access to funds. It is important to note that this is a processing fee, not an interest charge. However, if Anago loans uncollected funds, the franchisee will pay a processing fee of $25 plus interest at a rate of 18% per annum until fully paid.
This policy helps Anago manage its cash flow and administrative costs while providing franchisees with some financial flexibility. Franchisees should consider this fee when making financial decisions and assess whether the benefit of receiving funds early outweighs the cost of the processing fee. Understanding these financial implications is crucial for managing the financial health of their Anago franchise.