What portion of the SBA grant did Dryject report as other income 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, Dryject received an SBA grant as part of the CARES Act. In 2021, the SBA paid $18,000 towards principal and interest to Bryn Mawr Trust Company for debt guaranteed by the SBA. Dryject reported $13,500 of this grant as other income, which represents 75% of the total grant amount.
This means that Dryject recognized a portion of the SBA grant as income on its financial statements. The remaining 25% of the grant was likely allocated to Dryject Inc. Acquisition Corporation, as indicated in other notes regarding debt allocation between the two entities.
For a prospective franchisee, this indicates that Dryject has utilized government assistance programs and transparently reports such income in its financial statements. It's important to note that this was a one-time event related to the CARES Act, and future financial performance may not include similar grant income.