factual

When does the Acura loan repayment begin for Burneys Sweets More?

Q: When does the Acura loan repayment begin for Burneys Sweets More?

ES PAYABLE Notes Payable - Acura loan in the amount of \$37,300 is payable beginning August 2024 and payable in 60 monthly payments of \$686 including interest of 3.9%. Collateral is vehicle purchased. Final payment expected A Source: Item 23 — RECEIPT (FDD pages 50–199)

Burneys_Sweets_More Franchise · 2025 FDD

Answer from 2025 FDD Document

ES PAYABLE

Notes Payable - Acura loan in the amount of $37,300 is payable beginning August 2024 and payable in 60 monthly payments of $686 including interest of 3.9%. Collateral is vehicle purchased. Final payment expected A

Source: Item 23 — RECEIPT (FDD pages 50–199)

What This Means (2025 FDD)

According to the 2025 Burneys Sweets More Franchise Disclosure Document, the Acura loan repayment begins in August 2024. The loan amount is $37,300, and it is to be paid back over 60 months.

The monthly payments are $686, which includes an interest rate of 3.9%. The vehicle purchased with the loan serves as collateral.

The final payment for the Acura loan is expected to be made in August 2029. This information is crucial for prospective franchisees to understand the financial obligations and timelines associated with loans related to the Burneys Sweets More franchise.

Disclaimer: This information is extracted from the 2025 Franchise Disclosure Document and is provided for research purposes only. It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.

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