What is the maximum repayment period for Cool Binz financing?
Cool_Binz Franchise · 2025 FDDAnswer from 2025 FDD Document
We will finance up to fifty percent (50%) of the Initial Franchise Fee, Initial Equipment Package (excluding the trucks), and the Initial Promotional Package if you meet our qualifications at a nine percent (9%) interest rate and for a period of up to thirty-six (36) months. We require at least fifty percent (50%) down payment of the stated fees. The estimated loan payment will vary based upon how much you choose to finance and the length of the repayment schedule. See Item 10 for additional details.
Source: Item 7 — ESTIMATED INITIAL INVESTMENT (FDD pages 27–31)
What This Means (2025 FDD)
According to Cool Binz's 2025 Franchise Disclosure Document, Cool Binz will finance up to 50% of the Initial Franchise Fee, Initial Equipment Package (excluding the trucks), and the Initial Promotional Package for qualified franchisees. The interest rate for this financing is 9%.
The maximum repayment period for Cool Binz financing is 36 months. However, the estimated loan payment will vary based on the amount financed and the length of the repayment schedule chosen by the franchisee. A minimum of 50% down payment of the stated fees is required to qualify for financing.
Prospective franchisees should carefully consider their ability to meet the repayment terms and the overall cost of financing, including the interest rate, when deciding whether to pursue this option. Reviewing Item 10 in the FDD, as suggested, will provide additional details about financing.