Under what circumstances can the lender cancel the Beverly Anns Cookie loan after it has been signed but before acceptance?

According to the 2025 Beverly Anns Cookie Franchise Disclosure Document, the Loan and Security Agreement with Auxilior Capital Partners states that "THIS LOAN IS NOT CANCELABLE." This means that once the loan agreement is signed by both parties, the franchisee is legally bound to the terms of the loan, and there is no provision for cancellation by the lender after signing but before acceptance.

This is a significant point for prospective Beverly Anns Cookie franchisees to consider. Unlike some loan agreements that may have a rescission period or cancellation clause under certain conditions, this particular loan agreement appears to be immediately binding upon signing. This commitment underscores the importance of carefully reviewing and understanding all terms and conditions before signing the agreement.

Given this information, a potential franchisee should seek legal counsel to fully understand the implications of a non-cancelable loan. They should also inquire with the franchisor and lender about any potential scenarios where the loan terms might be altered or if there are any unwritten policies that could affect this clause. Understanding this aspect of the loan agreement is crucial for financial planning and risk assessment before investing in a Beverly Anns Cookie franchise.