When is Dryject's line of credit due to expire?
Dryject Franchise · 2025 FDDAnswer from 2025 FDD Document
turity of three months or less to be cash equivalents. For the year ended December 31, the amounts paid for income taxes and interest were as follows:
| Interest | $ | 43,844 | $ | 58,812 | |
|---|---|---|---|---|---|
| Income taxes | $ | - 4 | S | = |
- Note 6 Line of Credit The Company and DryJect Inc. Acquisition Corporation have a $500,000 revolving line of credit with WSFS Bank, with interest at 2% over prime, of which $120,141 was outstanding as of December 31, 2024 and $120,141 was outstanding as of December 31, 2023. The line of credit, for the first three years will be a revolving line of credit. As of August 2026, the outstanding ba
Source: Item 8 — BUSINESS RELATIONSHIP (FDD pages 68–229)
What This Means (2025 FDD)
According to Dryject's 2025 Franchise Disclosure Document, Dryject Inc. Acquisition Corporation has a $500,000 revolving line of credit. Initially, this line of credit operates on a revolving basis for the first three years. However, as of August 2026, the outstanding balance will be structured into monthly payments covering both principal and interest. The line of credit is scheduled to expire in August 2033.
This information is relevant for prospective Dryject franchisees as it provides insight into the company's financial arrangements and debt obligations. Understanding the terms and expiration date of the line of credit can help franchisees assess the financial stability of Dryject and its ability to support its franchisees.
It's important to note that the line of credit balance is reflected on the books of DryJect Inc. Acquisition Corporation, as the proceeds are directly deposited into the Corporation and utilized for their expenses. This distinction clarifies the financial relationship between Dryject and its acquisition corporation, which franchisees should consider when evaluating the overall financial health of the franchise system.