When do the initial payments of $3,000.00 begin for the Beverly Anns Cookie loan?

According to the 2025 Beverly Anns Cookie Franchise Disclosure Document, the initial payments of $3,000.00 begin on March 1, 2025. The document specifies that there will be nine payments of principal and interest, each amounting to $3,000.00, due on the first day of each month following the initial payment date. This payment schedule is part of a larger series of payments with varying amounts and due dates.

Specifically, before these $3,000.00 payments, there are three payments of $100.00 each, starting on December 1, 2024. After the nine $3,000.00 payments conclude, there are another three payments of $100.00 each, beginning on December 1, 2025, followed by another set of nine $3,000.00 payments starting March 1, 2026, and then two $100.00 payments starting December 1, 2026. Finally, there is a single payment of $2,353.76 due on March 1, 2027.

This detailed payment schedule is crucial for prospective Beverly Anns Cookie franchisees to understand their financial obligations under the loan agreement. Franchisees need to ensure they have sufficient cash flow to meet these payment obligations, as failing to do so could result in penalties or default on the loan. The staggered nature of the payments, with varying amounts and intervals, requires careful budgeting and financial planning.

It is also important to note that the final payment amount may vary depending on the franchisee's payment record, and additional fees or charges may apply. Franchisees should carefully review the terms of the promissory note and consult with a financial advisor to fully understand their obligations and plan accordingly.