What is the interest rate on the note payable with a finance company for Bambu Franchising, LLC?
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, Bambu Franchising, LLC has a note payable with a finance company that carries an interest rate of 19.99% per year. The face amount of the note is $183,258, and it is to be paid 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. The balance of the note is $168,685.
This information is relevant to potential franchisees as it provides insight into the financial obligations and debt structure of Bambu Franchising, LLC. Understanding the interest rate and repayment terms associated with the note payable can help franchisees assess the financial stability and management practices of the company.
It is important to note that the note is collateralized by the assets of the company and the personal guaranty of the managing member, which indicates a significant level of commitment and risk mitigation on the part of the company's leadership. Prospective franchisees should consider this information in conjunction with other financial disclosures and due diligence to make informed decisions about investing in a Bambu franchise.