What was the amount of proceeds from notes payable for Bambu in 2024?
Bambu Franchise · 2025 FDDAnswer from 2025 FDD Document
cluding the interest component are as follows:
| 2025 | $ 15,028 |
|---|
NOTE4-NOTESPAYABLE
Notes payable consist of the following at December 31,
| 2024 | 2023 | |
|---|---|---|
| Note payable with a finance company. Face Amount | $ 168,685 | $ |
| $183,258 interest at 19.99% per year, payment in 84 | ||
| installments of $4,068. Collateralized by the assets of the | ||
| Company and the personal guaranty of the managing | ||
| member of the Company. | ||
| Note payable with a bank. Face Amount $179,970, interest | 179,970 | |
| at 8.25% per year, payment in 84 installments of $2,838. |
Source: Item 23 — Receipts (FDD pages 52–209)
What This Means (2025 FDD)
According to Bambu's 2025 Franchise Disclosure Document, the company had several notes payable in 2024. One note payable was with a finance company, with a face amount of $168,685. Another note payable was with a member for $24,677 and another for $247,933.
In 2024, the total proceeds from notes payable with a finance company amounted to $168,685. Additionally, notes payable with members totaled $272,610. These figures represent the face amounts of the debts, with varying interest rates and repayment terms.
A prospective Bambu franchisee should consider these liabilities when assessing the financial health of the company. Understanding the terms of these notes, such as interest rates and collateral, can provide insight into Bambu's financial obligations and its ability to support its franchisees.