What interest rate was associated with 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, Bambu had a note payable with a finance company with a face amount of $168,685. The interest rate associated with this note was 19.99% per year.
The payment terms required 84 installments of $4,068. The note was collateralized by the assets of the company and the personal guaranty of the managing member of the company.
This information is relevant for prospective franchisees as it provides insight into the financial obligations and debt structure of the franchisor, Bambu. Understanding the interest rates and payment terms associated with the company's debt can help potential franchisees assess the financial stability and management of Bambu.