What interest rate was associated with the note payable to the finance company for Bambu?
Bambu Franchise · 2025 FDDAnswer from 2025 FDD Document
| Note payable | with a finance company. | Face Amount | ||
|---|---|---|---|---|
| $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. | $168,685 | $ |
Source: Item 23 — Receipts (FDD pages 52–209)
What This Means (2025 FDD)
According to Bambu's 2025 Franchise Disclosure Document, the note payable with a finance company has an interest rate of 19.99% per year. The face amount of the note payable was $183,258, with payments in 84 installments of $4,068. The note is collateralized by the assets of the company and the personal guaranty of the managing member of the company. In 2024, the note payable was $168,685.
This information is relevant to prospective franchisees as it provides insight into the financial obligations and debt structure of Bambu. Understanding the interest rates and terms associated with the company's financing can help franchisees assess the financial stability and potential risks associated with investing in the franchise.
It is important for potential franchisees to carefully review the financial statements and disclosures in the FDD to fully understand the financial health of Bambu and the implications of any outstanding debt. Consulting with a financial advisor is recommended to evaluate the risks and benefits of investing in a franchise with existing financial obligations.