What was the amount of the Loan payable to SBA, net of current, for Aw at the end of 2023?
Aw Franchise · 2025 FDDAnswer from 2025 FDD Document
| ASSETS | ||
|---|---|---|
| YEARS ENDED DECEMBER 31 | ||
| 2023 | 2022 | |
| Assets | ||
| Cash | $ 4,705 | $ 33,561 |
| Due from franchisee | 7,837 | 1,226 |
| Due from related parties | 51,502 | 51,502 |
| Total Assets | $ 64,044 | $ 86,289 |
| LIABILITIES AND MEMBERS' EQUITY (DEFICIT) | ||
| Current Liabilities | ||
| Accounts payable and accrued expenses | $ — | $ 4,834 |
| Loan payable SBA | 513 | 476 |
| Loan payable WinTrust | 10,073 | 10,073 |
| Contract Liability | 8,000 | 8,250 |
| Total Current Liabilities | 18,586 | 23,633 |
| Long Term Liabilities | ||
| Loan payable S |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 39)
What This Means (2025 FDD)
According to Aw's 2025 Franchise Disclosure Document, the Loan payable to SBA, net of current, was $27,341 at the end of 2023. This figure represents the long-term portion of the SBA loan that Aw is obligated to repay beyond the next 12 months.
This information is found within Aw's balance sheet, which provides a snapshot of the company's assets, liabilities, and equity at a specific point in time. The SBA loan is a liability, reflecting Aw's debt to the U.S. Small Business Administration. The 'net of current' portion indicates the amount of the loan not due within the upcoming year, distinguishing it from the current portion of the loan, which is due within one year.
For a prospective franchisee, understanding Aw's debt obligations is crucial. A significant long-term debt like the SBA loan could impact Aw's financial stability and its ability to support its franchisees. Reviewing the trend of this loan amount over time, as well as the terms of the loan (interest rate, repayment schedule), can provide insights into Aw's financial management and potential risks.