Under what conditions would Aunt Millies Bakeries release the UCC-1 filing?
Aunt_Millies_Bakeries Franchise · 2025 FDDAnswer from 2025 FDD Document
| Exhibit A - State Regulators; Agents for Service | |
|---|---|
| of Process | |
| Exhibit B-Financing Documents from First Capital | |
| Acceptance Corp. | |
| (1)(a) | Promissory Note |
| (b) | Disbursement Authorization |
| (2) | Financing Security Agreement |
| (3) | UCC-1 (Representative Sample) |
| (4) | Purchase of Receivables |
| Exhibit C - Form of Distribution Agreement | |
| Exhibit D - Bill of Sale |
Source: Item 23 — RECEIPT (FDD pages 44–196)
What This Means (2025 FDD)
According to Aunt Millies Bakeries' 2025 Franchise Disclosure Document, Exhibit H and Exhibit B both reference a UCC-1 (Representative Sample). However, the document does not specify the conditions under which Aunt Millie's Bakeries would release the UCC-1 filing.
A prospective franchisee should ask Aunt Millie's Bakeries about the circumstances that would trigger the release of the UCC-1 filing. Understanding these conditions is crucial for assessing the potential financial obligations and risks associated with the franchise.
It would be prudent for a potential franchisee to seek clarification from Aunt Millie's Bakeries regarding the specific conditions and implications of the UCC-1 filing to make an informed investment decision.