What was the amount of Cinnaholic's SBA loan payments in 2023?
Cinnaholic Franchise · 2025 FDDAnswer from 2025 FDD Document
| 71,199 | (331,695) | |||
|---|---|---|---|---|
| Members' (Deficit) - Beginning | (2,290,083) | (2,025,527) | ||
| Members' Contributions (Distributions) | 108,591 | 67,139 | ||
| Members' (Deficit) - Ending | $ (1,710,293) | $ (2,290,083) | # CINNAHOLIC FRANCHISING LLC STATEMENTS OF CASH FLOWS |
| YEARS ENDED | DECEMBER 31 | ||
|---|---|---|---|
| 2024 | 2023 | ||
| Operating Activities | |||
| Net (Loss) | $ 471,199 | $ (331,695) | |
| Adjustments to reconcile net (loss) to net cash | 3 471,133 | 3 (331,033) | |
| provided by operating activities: | |||
| Changes in assets and liabilities | |||
| Due from franchisee | 1,500 | _ | |
| Accounts Receivable | - | 94,821 | |
| Prepaid Expenses | 117,143 | (101,926) | |
| Investments (securities) | - | 88,212 | |
| Contract Assets | 87,346 | 3,657 | |
| Accounts payable and accrued expenses | (110,381) | (12,248) | |
| Related party payable | 143,121 | 61,000 | |
| Advertising fund liability | (10,218) | ||
| Contract Liabilities | (806,931) (97,003) (27)2227 | 67,572 (140,825) (2.0,020) | |
| Financing Activities | |||
| SBA loan payments | (148,312) | ||
| Investing Activities |
Source: Item 21 — FINANCIAL STATEMENTS (FDD page 61)
What This Means (2025 FDD)
According to Cinnaholic's 2025 Franchise Disclosure Document, the company made $148,312 in SBA loan payments during the year 2023. This information is derived from the statement of cash flows, which details the movement of cash both into and out of the company. SBA loan payments are classified as a financing activity, indicating the repayment of debt.
For a prospective Cinnaholic franchisee, this figure provides insight into the company's financial obligations and how it manages its debt. Understanding the SBA loan payments can help franchisees assess the financial stability of the franchisor. It's important to note that this figure reflects payments made by the franchisor, Cinnaholic Franchising LLC, and not the franchisees.
Reviewing the complete statement of cash flows and related financial statements is crucial for potential franchisees to gain a comprehensive understanding of Cinnaholic's financial health. This includes analyzing other financing activities, operating activities, and any related notes that could impact the overall financial picture.