Is Crawlspace Medic obligated to find financing for franchisees?
Crawlspace_Medic Franchise · 2024 FDDAnswer from 2024 FDD Document
We estimate the typical length of time between the signing of the Franchise Agreement and the time you open your Crawlspace Medic franchised business is 45 to 60 days. Factors that may affect this time period include your ability to acquire financing or permits; warehouse and office build build-out; vehicle modifications, and completion of required training. If you have not opened your Franchised Business within three months after you
Source: Item 10 — FINANCING (FDD pages 22–23)
What This Means (2024 FDD)
Based on the 2024 Crawlspace Medic Franchise Disclosure Document, Crawlspace Medic does not guarantee a franchisee's ability to acquire financing. Item 11 mentions that a factor affecting the time it takes to open a Crawlspace Medic franchise is the franchisee's "ability to acquire financing or permits".
This indicates that securing financing is the franchisee's responsibility. The document does not state that Crawlspace Medic will assist in obtaining financing.
Prospective franchisees should inquire with Crawlspace Medic about any relationships with financial institutions or preferred lenders that may be available to assist with financing, even though Crawlspace Medic is not obligated to find financing.