What security is required for Eagle Financing for a Beverly Anns Cookie franchise?

According to the 2025 Beverly Anns Cookie Franchise Disclosure Document, if a franchisee obtains financing through Eagle Financing, the required security includes a personal guarantee from the owner, partner, or shareholder, as well as a pledge of the Beverly Anns Cookie franchise itself.

This means that in addition to the assets of the franchise being at risk, the personal assets of the owner, partners, or shareholders are also at risk should the franchisee default on the loan. This is a fairly standard practice in franchising, as it provides the lender with additional security and recourse in case of non-payment.

It is important for a prospective Beverly Anns Cookie franchisee to fully understand the implications of providing a personal guarantee and pledging the franchise as security. They should carefully consider their financial situation and risk tolerance before entering into a financing agreement with Eagle Financing. Seeking legal and financial advice is highly recommended to ensure they are making an informed decision.