What is the default interest rate charged by Chatime per month?
Chatime Franchise · 2025 FDDAnswer from 2025 FDD Document
ified as noncurrent liabilities. There were no amounts due to affiliates at December 31, 2023.
Due to/from member
In the ordinary course of business, the Company periodically advances funds to and receives funds from the Member of the Company. No interest is charged on these advances. Advances to and from the Member are noninterest bearing and have no specific date for repayment. The balance due from Member amounted to $20,108 and $300,000 at December 31, 2024 and 2023, respectively. Management expects these balances to be settled within the next year. The balance due to Member amounted to $60,015 and $- at De
Source: Item 23 — Receipts (FDD pages 58–262)
What This Means (2025 FDD)
According to Chatime's 2025 Franchise Disclosure Document, the company periodically advances funds to and receives funds from its member. The FDD states that no interest is charged on these advances. The advances to and from the member are noninterest bearing and have no specific date for repayment.
At the end of 2024, the balance due from the member was $20,108, while at the end of 2023, it was $300,000. Management anticipates that these balances will be settled within the next year. The balance due to the member was $60,015 at the end of 2024, and there was no balance at the end of 2023. Management does not expect these balances to be settled within the next year.
This information pertains to the financial relationship between Chatime and its member, not to any financing or payment terms offered to franchisees. The FDD does not specify any interest rate charged to franchisees for late payments or any other purpose.