What was the face amount of the note payable with a finance company for Bambu as of December 31, 2024?
Bambu Franchise · 2025 FDDAnswer from 2025 FDD Document
| 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. |
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 as of December 31, 2024, was $168,685. The note bears an interest rate of 19.99% per year, with payments structured in 84 installments of $4,068.
The note 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.
Prospective franchisees should be aware of Bambu's debt obligations, as these can impact the financial stability of the company. While it is common for franchisors to have debt, the terms, interest rates, and collateralization can vary significantly. Understanding these details can help a franchisee assess the financial health of Bambu and its ability to support its franchisees.