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What is the monthly payment amount for the Truist loan associated with Burneys Sweets More?

Q: What is the monthly payment amount for the Truist loan associated with Burneys Sweets More?

gust 2029. Notes Payable - Truist loan in the amount of \$46,742 is payable beginning January 2021 and payable in 72 monthly payments of \$711 including interest of 2.99%. Proceeds were for purchase of vehicle which is listed as collateral. Final payment expected Dec Source: Item 23 — RECEIPT (FDD pages 50–199)

Burneys_Sweets_More Franchise · 2025 FDD

Answer from 2025 FDD Document

gust 2029.

Notes Payable - Truist loan in the amount of $46,742 is payable beginning January 2021 and payable in 72 monthly payments of $711 including interest of 2.99%. Proceeds were for purchase of vehicle which is listed as collateral. Final payment expected Dec

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

What This Means (2025 FDD)

According to Burneys Sweets More's 2025 Franchise Disclosure Document, DMG Burney, Inc. has a Truist loan with a specific repayment schedule. The loan amount is $46,742, and it is payable beginning in January 2021.

The loan is structured with 72 monthly payments of $711, which includes interest at a rate of 2.99%. The proceeds from the loan were used to purchase a vehicle, which is listed as collateral for the loan.

The final payment for this Truist loan is expected to be made in December 2026. This information is relevant for prospective franchisees as it provides insight into the financial obligations and debt management of the franchisor, DMG Burney, Inc.

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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