What is the range of possible loan terms available to Chesters franchisees from Ascentium?
Chesters Franchise · 2025 FDDAnswer from 2025 FDD Document
Loan terms are typically 60 months but terms from 3 to 6 years may be available (depending upon the circumstances). You may prepay the loan in full but you must pay all unpaid Payments discounted to their present value as of the prepayment date using a per annum discount rate equal to the lower of (i) the interest rate set forth in the Agreement or (ii) 3%. You may not make partial prepayments.
Source: Item 10 — FINANCING (FDD pages 23–24)
What This Means (2025 FDD)
According to Chesters's 2025 Franchise Disclosure Document, loan terms offered by Ascentium Capital typically run for 60 months. However, the document specifies that terms ranging from 3 to 6 years may be available depending on the franchisee's circumstances.
This means a prospective Chesters franchisee could potentially secure a loan with a repayment period as short as 36 months or as long as 72 months, providing some flexibility in managing their debt obligations. The availability of these varying terms is contingent on factors that Ascentium considers, giving them discretion over the loan duration offered.
It is important for potential Chesters franchisees to discuss their specific financial situation and needs with Ascentium to determine the loan terms for which they qualify. Understanding the factors that influence loan term eligibility can help franchisees plan their finances effectively and choose a repayment schedule that aligns with their business projections.