What was the amount of the SBA grant received by Dryject in 2021?
Dryject Franchise · 2025 FDDAnswer from 2025 FDD Document
| er 31, | _ | Amount |
|---|---|---|
| 2023 | $ | 148,217 |
| 2024 | 162,442 | |
| 2025 | 178,086 | |
| 2026 | 139,148 | |
| 2027 | 33,751 | |
| Ther |
Source: Item 8 — BUSINESS RELATIONSHIP (FDD pages 68–229)
What This Means (2025 FDD)
According to Dryject's 2025 Franchise Disclosure Document, the company received an SBA grant as part of the CARES Act. In 2021, the SBA paid $18,000 for principal and interest to Bryn Mawr Trust Company for debt guaranteed by the SBA. Dryject reported $13,500 as other income, representing 75% of the total grant amount.
This indicates that Dryject directly benefited from government assistance during the specified period. The full SBA grant was $18,000, but Dryject only recognized $13,500 of this amount as income on its books, with the remaining 25% likely allocated to Dryject Inc. Acquisition Corporation. This allocation is consistent with how Dryject handles other financial obligations, such as long-term debt, where 75% is allocated to the company and 25% to Dryject Inc. Acquisition Corporation.
For a prospective franchisee, this information provides insight into Dryject's financial management and its ability to leverage government programs. It also highlights the relationship between Dryject and Dryject Inc. Acquisition Corporation, which shares financial responsibilities. Understanding these financial structures and related-party transactions is crucial for assessing the overall financial health and stability of the Dryject franchise system.