How often are payments made for full funding for the purchase of Coffee News franchises?
Coffee_News Franchise · 2025 FDDAnswer from 2025 FDD Document
rtner(s), or member(s), as the case may be, must be executed.
For those with excellent credit, as evidenced by a credit report from Equifax, Experian or Transunion or similar credit rating agencies in other countries, and with verifiable extensive advertising or similar sales experience including entrepreneurial management experience of at least 2 years, you may be eligible for full funding for the purchase of a minimum of four or more franchises, subject to the initial payment of the training fee as more fully explained in Item 11. You will be required to attend the next Coffee News College at the time of purchase, and you will be required to use the printing services of Coffee News Printing, Inc. during the term of the loan. The interest rate will be 5% simple interest with weekly payments for principal and interest for up to 48 months and the weekly fees beginning at the start of the fourth month under the agreement by credit or debit card or electronic funds transfer in accordance with Item 6, (Other Fees).
Although we offer direct and indirect financing, we do not guarantee your note, lease, or obligation associated with any financing plan.
Source: Item 10 — Financing (FDD pages 16–17)
What This Means (2025 FDD)
According to the 2025 Coffee News Franchise Disclosure Document, franchisees who are eligible for full funding to purchase a minimum of four franchises will make weekly payments. To be eligible for full funding, franchisees must have excellent credit, verifiable extensive advertising or similar sales experience, and at least two years of entrepreneurial management experience.
The interest rate for this financing is 5% simple interest. Payments are made weekly for principal and interest for up to 48 months. These weekly fees begin at the start of the fourth month under the agreement. Payments are made via credit or debit card or electronic funds transfer.
Coffee News also offers financing for additional franchise territories after one year under the initial agreement. The interest for this financing is 5% APR (Annual Percentage Rate). The term will vary from two to five years based on the amount borrowed and the ability to pay based on negotiations and a review of a personal financial statement.