What is the Loan Fee for an Aunt Millies Bakeries franchise, and when is it due?
Aunt_Millies_Bakeries Franchise · 2025 FDDAnswer from 2025 FDD Document
| Type of Fee | Amount | Due Date | Remarks |
|---|---|---|---|
| Loan Fee1 | $350 plus ½% of loan amount | Only if financing required and only on acceptance of financing | To cover lender’s administrative costs of financing the loan |
Source: Item 6 — OTHER FEES (FDD pages 13–15)
What This Means (2025 FDD)
According to Aunt Millies Bakeries' 2025 Franchise Disclosure Document, a franchisee may incur a Loan Fee. This fee is $350 plus ½% of the loan amount. This fee is only applicable if financing is required and only upon acceptance of financing.
The Loan Fee is intended to cover the lender’s administrative costs associated with financing the loan. It is important to note that this fee is in addition to any interest and principal payments on the financed portion of the franchise fee, which are listed separately in the document.
Prospective Aunt Millies Bakeries franchisees should carefully consider the implications of financing and factor in this Loan Fee when evaluating the overall cost of investment. Understanding the terms and conditions of any financing arrangements is crucial to avoid unexpected expenses.