What was the value of the 'Loan payable SBA' current liability for Aw as of December 31, 2024?
Aw Franchise · 2025 FDDAnswer from 2025 FDD Document
| Current Liabilities | |||
|---|---|---|---|
| Loan payable SBA | $ 532 | $ | 513 |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 39)
What This Means (2025 FDD)
According to Aw's 2025 Franchise Disclosure Document, the Loan payable SBA, representing the current portion of the loan, was valued at $532 as of December 31, 2024. This figure appears under the 'Current Liabilities' section of Aw's balance sheet for that year. In comparison, the Loan payable SBA was valued at $513 as of December 31, 2023.
This liability represents the portion of the SBA loan that Aw is obligated to pay within the next 12 months. It is important to note that this is just the current portion of the total SBA loan. The long-term portion of the SBA loan, net of the current portion, was $28,382 as of December 31, 2024.
Prospective franchisees should understand the nature and terms of Aw's SBA loan, as it provides insight into the company's financial obligations and structure. Reviewing the notes to the financial statements can provide additional details about the loan's interest rate, repayment schedule, and any collateral involved. Understanding Aw's debt obligations can help a franchisee assess the financial stability of the franchisor.