Is financing available for the Bumper Man initial franchise fee?
Bumper_Man Franchise · 2025 FDDAnswer from 2025 FDD Document
ITEM 10 FINANCING*
We do not offer, directly or indirectly, any financing arrangements to any franchisee, except for a portion of the initial franchise fee to qualified franchisee operators as discussed below. We will not guarantee any franchisee's note, lease, or other obligation. We do not have any past or present practice, or any intention, to sell, assign or discount to any third party any note, contract, or other instrument you execute.
New franchise operators who purchase a new Bumper Man franchise and who meet our current credit criteria may pay us half of the initial franchisee fee upon the execution of the Franchise Agreement and pay the remaining half (up to $25,000) in 120 equal semi-monthly installments during a five-year term at an interest rate of 10% per annum, secured by your right, title and interest in the Franchise Agreement. Default of your payment obligations under the note constitutes a default under the Franchise Agreement for which we may terminate the Franchise Agreement if you fail to cure your default of your payment obligat
Source: Item 5 — INITIAL FEES (FDD page 12)
What This Means (2025 FDD)
According to Bumper Man's 2025 Franchise Disclosure Document, Bumper Man does offer financing for a portion of the initial franchise fee to qualified franchisee operators. New franchise operators who purchase a new Bumper Man franchise and meet the company's current credit criteria may be eligible to finance half of the initial franchise fee.
Specifically, the franchisee can pay half (or $25,000) of the $50,000 initial franchise fee upon the execution of the Franchise Agreement. The remaining half can be paid in 120 equal semi-monthly installments over a five-year term. This financed portion accrues interest at a rate of 10% per annum and is secured by the franchisee's rights and interests in the Franchise Agreement.
It's important to note that failure to meet the payment obligations under the financing note constitutes a default under the Franchise Agreement. This could lead to the termination of the Franchise Agreement if the franchisee fails to correct the payment default. Bumper Man does not offer any other direct or indirect financing arrangements to franchisees, nor will they guarantee any franchisee's financial obligations.