What is the documentation fee that Chesters franchisees are required to pay Ascentium for each loan?

According to Chesters's 2025 Franchise Disclosure Document, franchisees are required to pay a documentation fee of $195 to Ascentium for each loan. This fee is in addition to other potential costs, such as UCC search fees and site inspection fees, which may be required depending on the loan amount and collateral requirements.

Ascentium offers term loans to Chesters franchisees for financing the purchase of essential equipment, signage, fixtures, and supplies. While the interest rates are fixed at the time the loan is funded, they are influenced by factors like the loan term, amount, credit history, and operating history. The documentation fee represents a direct cost to the franchisee for securing this financing.

Prospective Chesters franchisees should factor this $195 documentation fee into their overall startup costs when considering financing options through Ascentium. It's also important to inquire about the potential for additional fees like UCC search and site inspection fees to get a comprehensive understanding of the total financing expenses. Understanding all associated costs is crucial for accurate financial planning.