What is the stop payment fee for the Beverly Anns Cookie loan?
Beverly_Anns_Cookie Franchise · 2025 FDDAnswer from 2025 FDD Document
ater than $100.00. I will pay this late charge promptly but
Source: Item 22 — CONTRACTS (FDD page 57)
What This Means (2025 FDD)
According to the 2025 Beverly Anns Cookie Franchise Disclosure Document, if a franchisee requests a stop payment on a loan, Beverly Anns Cookie will charge a fee. The stop payment fee is $28.00. This fee is in addition to any interest or other finance charges associated with the loan.
This means that if a Beverly Anns Cookie franchisee instructs their bank to stop a payment on a check or electronic transfer related to their loan, they will incur this $28.00 charge. This fee is intended to cover the administrative costs associated with processing the stop payment request and handling the returned payment.
Franchisees should be aware of this fee and factor it into their financial planning. It's important to carefully manage payments to avoid the need for stop payment requests, as these can add to the overall cost of the loan. Franchisees should also be aware of other potential fees, such as late payment fees and returned payment fees, as these can also impact their financial obligations.