What security is required by Beverly Anns Cookie for financing?
Beverly_Anns_Cookie Franchise · 2025 FDDAnswer from 2025 FDD Document
| Security Required | Personal Guaranty of Owner, Partner or Shareholder and pledge of the Franchise(3) |
|---|---|
| Liability Upon Default | Late penalty; acceleration of amounts due; fees(4) |
| Loss of Legal Right On | Waiver of trial by jury and right to interpose any defense, set-off, or counterclaim of any nature or description(5) |
| Default | |
| Fee(s) | $250 Documentation Fee. Amount can be financed in loan. |
Source: Item 10 — FINANCING (FDD pages 33–37)
What This Means (2025 FDD)
According to Beverly Anns Cookie's 2025 Franchise Disclosure Document, the security required for financing through Auxilior Capital Partners involves a personal guarantee from the owner, partner, or shareholder, as well as a pledge of the Beverly Anns Cookie franchise itself.
Similarly, if a franchisee obtains financing through Osgood Bank, the security required includes a personal guaranty from the owner, partner, or shareholder and a pledge of the Beverly Anns Cookie franchise. This means that in the event of a default on the loan, the lender can pursue the personal assets of the guarantor and also seize the franchise assets to recover the outstanding debt.
For Eagle Financing, if the franchisee entity is a partnership, corporation, or other recognized legal entity, the Note must be guaranteed individually by all partners or shareholders and must be secured by the assets of the Beverly Ann's Franchise.