What is the term length for the Decorating Den Interiors financing?
Decorating_Den_Interiors Franchise · 2025 FDDAnswer from 2025 FDD Document
MARY OF FINANCING OFFERED
| Item Financed: Portion | on of Initial Franchise Fee | |------------------------------|-----------------------------| | Amount Financed (Note 1) | $20,000 (maximum) | | Down Payment (Note 1) | $19,900 | | Term (Note 2) | Up to 60 months | | Interest Rate (Note 2) | 8% | | Monthly Payment (Notes 1, 2) | $405.53 | | Prepayment Penalty | None |
| Item Financed: Portion | on of Initial Franchise Fee |
|---|---|
| Late Installment Fee (10 days after due date) | $50 plus any collection costs |
| Security Required | Personal Guarantee |
Source: Item 10 — Financing (FDD pages 28–32)
What This Means (2025 FDD)
According to Decorating Den Interiors's 2025 Franchise Disclosure Document, the term length for the financing offered for the initial franchise fee is up to 60 months. If a franchisee qualifies for one of the reduced initial franchise fee programs, such as the VetFran, To The Trade, or Educational Credit programs, the loan term remains at 60 months.
For the standard financing program, Decorating Den Interiors may finance up to $20,000 of the initial franchise fee. The monthly payment for the maximum financed amount of $20,000 is $405.53, with repayment of principal and interest over 60 months. If a franchisee borrows less than $20,000, the monthly payment will be proportionately lower, but not less than $200.
For franchisees participating in the VetFran, To The Trade, or Educational Credit programs, the term length is also 60 months. For example, under the VetFran program, where $16,000 is financed, the monthly payment is $324.42. Under the To The Trade program, where $10,000 is financed, the monthly payment is $202.76. For the Educational Credit program, where $15,000 is financed, the monthly payment is $304.15. All of these scenarios have a 60 month term length.