What minimum standards might Caring Senior Service require as a condition of financing?
Caring_Senior_Service Franchise · 2025 FDDAnswer from 2025 FDD Document
If you are an existing Caring Senior Service System franchisee, or an employee of a Caring Senior Service business, we may offer you financing for a portion of your initial franchise fee, up to a maximum of 50% of the total initial franchise fee which would be due to us. As a condition of such financing we may require that you meet certain minimum standards, including that you have achieved GreatCare® Master certification.
If you obtain financing through us, you will have to execute the Promissory Note (Exhibit I to this Disclosure Document) and its related Guaranty of Payment (Attachment A to Exhibit I). The security that we require in exchange for offering this financing to you is the execution of the Guaranty of Payment by each of your Owners, as defined below.
Source: Item 10 — FINANCING (FDD pages 24–25)
What This Means (2025 FDD)
According to Caring Senior Service's 2025 Franchise Disclosure Document, if you are an existing franchisee or an employee of a Caring Senior Service business, Caring Senior Service may offer financing for up to 50% of the initial franchise fee.
As a condition of receiving this financing, Caring Senior Service may require that you meet certain minimum standards. One specific standard mentioned in the FDD is achieving GreatCare® Master certification.
If a franchisee obtains financing through Caring Senior Service, they must execute a Promissory Note and its related Guaranty of Payment. The security Caring Senior Service requires in exchange for offering financing is the execution of the Guaranty of Payment by each of the franchisee's Owners.