When do the weekly fees begin under the full funding agreement with Coffee News?
Coffee_News Franchise · 2025 FDDAnswer from 2025 FDD Document
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).
Source: Item 10 — Financing (FDD pages 16–17)
What This Means (2025 FDD)
According to Coffee News's 2025 Franchise Disclosure Document, if a franchisee obtains full funding for a minimum of four franchises, they are required to attend Coffee News College at the time of purchase and use the printing services of Coffee News Printing, Inc. during the loan term. The interest rate is 5% simple interest with weekly payments for principal and interest for up to 48 months.
The weekly fees under the full funding agreement begin at the start of the fourth month of the agreement. These payments will be made weekly by credit or debit card or electronic funds transfer, as detailed in Item 6 regarding Other Fees.
In general, franchisees should carefully review the terms of the Promissory Note and financing agreement, paying particular attention to the conditions that trigger loan repayment and the consequences of default. Understanding these obligations is crucial for managing the financial aspects of the Coffee News franchise.