What was the amount of the loan Aw received from WinTrust in 2022?
Aw Franchise · 2025 FDDAnswer from 2025 FDD Document
| | Members' Equity (Deficit) - Ending | $ 617 | $ 11,732 | | |
STATEMENTS OF CASH FLOWS RAYYAN PIZZA FRANCHISE LLC
| YEARS ENDING DECEMBER 31 | |||||
|---|---|---|---|---|---|
| Cash Flows from Operating Activities | 2023 | 2022 | |||
| Net Income | $ | 136,397 | $ | 168,681 | |
| Adjustments to reconcile net income to net cash | |||||
| provided by operating activities: | |||||
| Changes in assets and liabilities | |||||
| Due from franchisee | (6,611) | 1,294 | |||
| Due from related parties | — | — | |||
| Accounts payable and accrued expenses | (4,834) | (634) | |||
| Contract Liability | (8,250) 116,702 | (8,250) 161,091 | |||
| Cash Flow from Financing Activities | |||||
| Loan from SBA | 1,954 | — | |||
| Loan from WinTrust | — | 25,624 | |||
| Payments to WinTrust | — | (15,551) | |||
| Cash Flow from Investing Activities | |||||
| Members' (distributions) | (147,512) | (146,636) |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 39)
What This Means (2025 FDD)
According to Aw's 2025 Franchise Disclosure Document, the company received a loan from WinTrust in 2022 amounting to $25,624. Additionally, Aw made payments to WinTrust totaling $15,551 during the same year. These figures are reflected in the cash flow statement for the year ending December 31, 2022.
It's important to note that while Aw received $25,624 from WinTrust in 2022, the loan payable to WinTrust as of December 31, 2022, is listed as $10,073. This discrepancy is due to the $15,551 in payments Aw made to WinTrust during the year, reducing the outstanding loan balance. The loan payable amount represents the remaining balance Aw owes to WinTrust at the end of the year.
Prospective franchisees should pay close attention to these financial activities as they provide insight into Aw's financing and debt management. Understanding the terms of the loan, such as interest rates and repayment schedules, is crucial for assessing the financial health and stability of the company. Reviewing the complete financial statements and notes, including details about the loan agreement with WinTrust, will offer a more comprehensive understanding of Aw's financial obligations and performance.