What was the installment amount for 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, in 2024, the note payable with a finance company had installment payments of $4,068. The original face amount of the note was $183,258, accruing interest at an annual rate of 19.99%.
The repayment schedule was structured into 84 installments. This debt was collateralized by the assets of the company and further secured by the personal guarantee of the managing member of Bambu.
Prospective franchisees should note the high interest rate on this particular note, which could indicate a higher risk or difficulty in securing financing. It is also important to understand the implications of the collateralization and personal guarantee, as these could expose the franchisee's assets and personal finances to risk in case of default.