What is the maximum amount of financing Best Brains will provide?
Best_Brains Franchise · 2025 FDDAnswer from 2025 FDD Document
ITEM 10. FINANCING
We offer the following financing program:
| Item Financed | Startup costs up to $30,000 will be offered to Teacher Centers. This can include but is not limited |
|---|---|
| to: furniture, build out, contractor pay, rent etc. | |
| Source of Financing | Us |
| Down Payment | Minimum of $3,000 |
| Amount Financed | Up to $30,000 |
| Interest Rate/Finance Charge | 0% |
| Period of Repayment | 24 months-beginning on the first day of class |
| Security Required | None |
| Whether a Person Other than the Franchisee Must | No |
| Personally Guarantee the Debt | |
| Prepayment Penalty | None |
| Liability Upon Default | Accelerated obligation to pay the entire amount due, pay our court costs and attorney fees incurred in collecting the debt, and termination of the franchise. |
| Waiver of Defenses or Other Legal Rights | Waiver of right to jury trial; homestead and other |
| exemptions; waiver of presentment |
Source: Item 10 — FINANCING (FDD pages 22–23)
What This Means (2025 FDD)
According to Best Brains's 2025 Franchise Disclosure Document, Best Brains offers financing for startup costs up to $30,000 for Teacher Centers. This financing can be used for furniture, build-out, contractor pay, and rent.
The financing terms include a minimum down payment of $3,000. The interest rate is 0%, and the repayment period is 24 months, beginning on the first day of class. No security is required for the financing.
If a franchisee defaults on the financing agreement, they will be obligated to pay the entire amount due, cover Best Brains's court costs and attorney fees incurred in collecting the debt, and face termination of the franchise agreement. Additionally, the franchisee waives the right to a jury trial, homestead and other exemptions, and waives presentment, demand, protest, and notice of dishonor.