What is the scheduled payment amount for the note payable with the managing member for Bambu?
Bambu Franchise · 2025 FDDAnswer from 2025 FDD Document
| 2024 | 2023 | |
|---|---|---|
| Note payable with managing member. Face Amount | $ 247,933 | $ |
| $250,000 interest at 10% per year, payment in | ||
| 84 | ||
| installments of $4, 150. Not collateralized. | ||
| Note payable with member. Face Amount $25,000 interest | 24,677 | |
| at 10% per year, payment in 36 installments of $581 on a | ||
| 60 month amortization schedule. Uncollateralized. |
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 the managing member has scheduled payments. In 2024, the note payable with the managing member had a face amount of $247,933. The interest is at 10% per year, with payments in 84 installments of $4,150. The note is not collateralized.
Additionally, there is a note payable with a member that had a face amount of $25,000 in 2024. The interest rate is 10% per year, with payments in 36 installments of $581 on a 60-month amortization schedule. This note is also uncollateralized.
These figures represent Bambu's obligations as of the end of 2024. A prospective franchisee should consider these liabilities when assessing the financial health of the franchisor. Understanding the terms of these notes, such as interest rates and payment schedules, can provide insight into the franchisor's financial commitments.