What is the purpose of the Addendum mentioned in the Augusta Lawn Care Franchise Agreement?
Augusta_Lawn_Care Franchise · 2025 FDDAnswer from 2025 FDD Document
EXHIBIT H TO AUGUSTA LAWN CARE FRANCHISE AGREEMENT
SBA ADDENDUM
SOP 50 10 5(J) Appendix 9
ADDENDUM TO FRANCHISE1 AGREEMENT
Source: Item 23 — RECEIPTS (FDD pages 44–184)
What This Means (2025 FDD)
According to the 2025 Augusta Lawn Care Franchise Disclosure Document, Exhibit H to the Augusta Lawn Care Franchise Agreement includes an SBA Addendum. The document also refers to an 'ADDENDUM TO FRANCHISE AGREEMENT' with an image of a form.
This indicates that if a franchisee seeks financing through the Small Business Administration (SBA), an addendum to the franchise agreement is required. This addendum likely contains specific clauses and provisions required by the SBA to protect its interests and ensure compliance with SBA lending guidelines.
Prospective Augusta Lawn Care franchisees should review this addendum carefully with their legal and financial advisors to understand its implications, especially if they plan to seek SBA financing. It is common practice for franchisors to have SBA addenda to facilitate franchisee access to SBA loans, as this can be a critical funding source for new businesses.