From whom can the Deck Medic National Advertising Fund borrow money?

According to Deck Medic's 2024 Franchise Disclosure Document, the National Advertising Fund is not required to expend its fees in the year they are collected. To cover deficits, the fund may borrow from Deck Medic itself or other lenders at standard commercial interest rates. Deck Medic also has the option to invest any surplus funds for future use by the National Advertising Fund.

This arrangement provides Deck Medic with flexibility in managing the National Advertising Fund's finances. It allows the fund to operate even if current contributions are insufficient to cover planned advertising expenses, by borrowing funds. The ability to invest surplus funds enables Deck Medic to build a reserve for future advertising campaigns or unexpected expenses.

For a prospective franchisee, this means that the level of advertising and marketing support may fluctuate depending on the fund's financial status. While Deck Medic can borrow to cover deficits, franchisees should be aware that the fund's resources are not unlimited. It would be prudent for a potential franchisee to inquire about the current financial health of the National Advertising Fund and its borrowing practices to understand the potential impact on advertising support for their franchise.