What is the name of the affiliated lender that Aunt Millies Bakeries has made arrangements with for financing?
Aunt_Millies_Bakeries Franchise · 2025 FDDAnswer from 2025 FDD Document
We have made arrangements with our affiliated lender, First Capital Acceptance Corp., ("First Capital") to offer financing (subject to applicability and qualification) which may be available to you, of up to 90% of the initial franchise fee. The terms of the loan are summarized below. References to agreements and sections (i.e., Promissory Note, §1) relate to the Financing Documents included as Exhibit B to this Franchise Disclosure Document.
Source: Item 10 — FINANCING (FDD pages 21–24)
What This Means (2025 FDD)
According to Aunt Millies Bakeries's 2025 Franchise Disclosure Document, the company has an arrangement with First Capital Acceptance Corp. ("First Capital"), which is an affiliated lender. This lender may offer financing for up to 90% of the initial franchise fee, subject to the applicant's qualification and the lender's applicability.
This financing arrangement is optional, meaning franchisees are not required to use First Capital to finance their franchise. However, if a franchisee chooses to use First Capital, they will be subject to the terms and conditions of the loan, as detailed in the Financing Documents included as an exhibit to the FDD. These terms include interest rates, repayment schedules, and default provisions.
It is important for prospective Aunt Millies Bakeries franchisees to carefully review the terms of any financing offered by First Capital, or any other lender, and to consider their own financial situation before making a decision. Franchisees should also be aware that Aunt Millies Bakeries may deduct loan payments from the weekly settlement of their account, as well as amounts to cover insurance premiums if the franchisee purchases insurance through Allstate Insurance or Christine & Mullen Insurance Group.