What was the face amount of the note payable with a finance company 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 |
Source: Item 23 — Receipts (FDD pages 52–209)
What This Means (2025 FDD)
According to Bambu's 2025 Franchise Disclosure Document, the face amount of the note payable with a finance company in 2024 was $168,685. The note bears an interest rate of 19.99% per year, with payments structured in 84 installments of $4,068.
This financial obligation is collateralized by the assets of the company and further secured by the personal guarantee of the managing member of Bambu. This means that in the event of default, the finance company has a claim on the company's assets and can also pursue the managing member personally for the outstanding debt.
For a prospective franchisee, this information provides insight into the financial structure and obligations of the franchisor, Bambu. Understanding the franchisor's debt obligations can be useful in assessing the overall financial health and stability of the franchise system.