Does Cool Binz offer financing for the purchase of the truck?

According to Cool Binz's 2025 Franchise Disclosure Document, Cool Binz does not offer financing for the purchase of the truck. However, Cool Binz may offer financing for a portion of the Initial Franchise Fee, Initial Equipment Package, and the Initial Promotional Package to qualified franchisees.

For those who qualify, Cool Binz may finance up to 50% of the Initial Franchise Fee, Initial Equipment Package, and Initial Promotional Package through a promissory note. A minimum down payment of 50% is required for the total fee being financed. The interest rate is currently 9%, with no finance charges. The term of the note can be up to 36 months.

The promissory note requires a personal guaranty from the franchisee and all owners (including spouses) of the franchisee entity. Failure to make timely payments may result in a late fee of 5% or $50 per week, whichever is greater. Cool Binz can demand immediate payment of the full outstanding balance if any payment is missed and can also terminate the Franchise Agreement after a ten-day notice of default. Franchisees can prepay the note at any time without penalty.