If Buns On Fire requires a loan commitment, when must I provide documentation of it?
Buns_On_Fire Franchise · 2025 FDDAnswer from 2025 FDD Document
We may require you to obtain a loan commitment for a working capital line of credit in an amount to support your Franchise Business as described in your Business Plan. If we impose this requirement, you must provide documentation that the loan commitment has been secured at least thirty (30) days prior to opening.
Source: Item 11 — FRANCHISOR'S ASSISTANCE, ADVERTISING, COMPUTER SYSTEMS, AND TRAINING (FDD pages 25–33)
What This Means (2025 FDD)
According to Buns On Fire's 2025 Franchise Disclosure Document, if Buns On Fire requires a franchisee to obtain a loan commitment for a working capital line of credit to support their franchise business as described in the Business Plan, the franchisee must provide documentation that the loan commitment has been secured at least thirty (30) days prior to opening.
This requirement is conditional, as Buns On Fire may or may not require a loan commitment. If they do, it is to ensure that the franchisee has sufficient capital to operate the business effectively. The amount of the loan commitment will be based on the franchisee's Business Plan.
For a prospective Buns On Fire franchisee, this means that if a loan commitment is required, securing it well in advance of the opening date is crucial. Failure to provide documentation of the loan commitment at least 30 days prior to opening could delay the opening or potentially violate the franchise agreement.