What was the amount of the Loan payable to WinTrust by Aw at the end of 2022?
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 |
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 WinTrust at the end of 2022 was $10,073. This figure is part of Aw's liabilities, reflecting the amount the company owed to WinTrust as of December 31, 2022.
This information is relevant for prospective franchisees as it provides insight into Aw's financial obligations and debt management. A consistent loan payable amount might suggest a stable, long-term financing arrangement. However, it's important to note that this is just a snapshot of Aw's liabilities at a specific point in time.
Franchisees should consider this figure in conjunction with other financial data, such as revenue, expenses, and cash flow, to get a comprehensive understanding of Aw's financial health. It is also important to investigate the terms of the loan, such as interest rates and repayment schedules, to assess the potential impact on Aw's financial performance. Understanding the franchisor's financial stability is crucial for franchisees, as it can affect the support and resources Aw can provide.