What is interim interest for the Beverly Anns Cookie loan based on?
Beverly_Anns_Cookie Franchise · 2025 FDDAnswer from 2025 FDD Document
Phone Number: Cell Number: Fax Number: Billing Address: E-Mail Address: Send Invoice to Attention of: Vendor Name: Quantity Year Manufacturer Model and Description Serial Number Address City State Postal Code Transaction Terms/Payment Schedule: Principal Amount Interest Rate Term (in Months) Advance Payment Amount Fee Number of Payments Payment Frequency
Source: Item 22 — CONTRACTS (FDD page 57)
What This Means (2025 FDD)
Based on the 2025 Beverly Anns Cookie Franchise Disclosure Document, Exhibit H-7 includes a sample Loan and Security Agreement with Eagle Financial Services, Inc. The document outlines the transaction terms and payment schedule, including fields for the principal amount, interest rate, and term (in months).
However, the excerpt does not specify how interim interest is calculated or whether it even applies to the loan. The document is presented as a sample, and specific terms are subject to change.
A prospective Beverly Anns Cookie franchisee should ask the franchisor for a detailed explanation of all loan terms, including how interim interest, if applicable, is calculated and when it is applied. This information is crucial for understanding the full financial obligations associated with the loan.