What are the components of the total cost of the Coffee News loan?
Coffee_News Franchise · 2025 FDDAnswer from 2025 FDD Document
nd correct. | (the ed the foregoing Schedule B as | | My Commission expires: | Notary Public |
SCHEDULE C PROMISSORY NOTE (An alternative option to SDHCEDULE B)
| $ | , 20 | |
|---|---|---|
| 04401 | [trade in section pay to the order of Coffee News US [1] (the "Holder"), the sum of | address of the Franchisee] doing business name of his business] (the "Debtor") SA, Inc. at 120 Linden St., Bangor, Maine f Dollars sipal") and such other finance charges, in |
| 1. | The payments shall be made as follows | : |
| Principal Amount Financed: Duration of Loan: Start Date of Loan: | $ (months) | |
| Monthly Payment ($25.00/week for each franchised unit): | $ | |
| Total Number of Payments: Principal Amount to be paid: Finance Charges to be paid: Total Cost of the loan: | $ $ $ | |
| month descri contin | ning on, 20 [ n until he/she have paid all of the princ ibed above that he/she may owe under t | on the day of each c |
Source: Item 23 — Receipts (FDD pages 36–118)
What This Means (2025 FDD)
According to the 2025 Coffee News FDD, the total cost of the loan includes the principal amount to be paid and the finance charges to be paid. The agreement specifies that payments will be made monthly, with the franchisee paying $25.00 per week for each franchised unit.
The document outlines key components of the loan, including the principal amount financed, the duration of the loan in months, and the start date of the loan. It also details the monthly payment amount and the total number of payments required. The franchisee is responsible for paying both the principal and interest, along with any other applicable charges, until the maturity date.
Prospective Coffee News franchisees should carefully review the loan terms and conditions, including interest rates, repayment schedules, and any potential fees or penalties for late payments or early repayment. Understanding these components is crucial for managing their finances and ensuring the long-term success of their franchise.