If Carvel refers me to a leasing or financing company, are those companies affiliated with Carvel?
Carvel Franchise · 2025 FDDAnswer from 2025 FDD Document
We may refer you to leasing or financing companies not affiliated with us. We and our affiliates receive no fees or other financial benefits from any lender for your financing. We may engage an advisor to provide consulting services to franchisees to assist them with securing financing, and we may pay the advisor for this assistance to franchisees. We will not be responsible for the consultant's provision of services to you and if you choose to use the consultant, you must sign the consultant's form of agreement. You will not be required to participate in any financing program that we implement.
We participate in the SBA's Franchise Directory. We may modify the Franchise Agreement, if necessary, to comply with SBA requirements for you to participate in certain SBA loan programs.
Source: Item 10 — Financing (FDD pages 58–59)
What This Means (2025 FDD)
According to Carvel's 2025 Franchise Disclosure Document, any leasing or financing companies that Carvel refers a prospective franchisee to will not be affiliated with Carvel. Carvel states that neither they nor their affiliates receive any fees or other financial benefits from any lender for a franchisee's financing.
Carvel may engage an advisor to provide consulting services to franchisees to assist them with securing financing, and Carvel may pay the advisor for this assistance. However, Carvel will not be responsible for the consultant's provision of services to the franchisee, and the franchisee must sign the consultant's form of agreement if they choose to use the consultant.
Carvel also participates in the SBA's Franchise Directory and may modify the Franchise Agreement, if necessary, to comply with SBA requirements for franchisees to participate in certain SBA loan programs. However, franchisees are not required to participate in any financing program that Carvel implements.