When does the revolving line of credit for Dryject convert to monthly payments of principal and interest?
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, the company, along with DryJect Inc. Acquisition Corporation, has a $500,000 revolving line of credit. This credit line carries an interest rate of 2% over the prime rate. As of December 31, 2024, $120,141 was outstanding. For the first three years, this will be a revolving line of credit.
Starting in August 2026, the outstanding balance of the line of credit will be converted into monthly payments covering both principal and interest. The line of credit is scheduled to fully expire in August 2033. The balance of this credit line is recorded on the books of DryJect Inc. Acquisition Corporation because the funds are directly deposited into that corporation and used for its expenses.
For a prospective Dryject franchisee, this information is relevant as it provides insight into the financial obligations and structure of the parent company. Understanding the debt obligations of the franchisor can help a franchisee assess the financial stability of Dryject. It is also important to note that the line of credit is held by DryJect Inc. Acquisition Corporation, indicating a specific corporate structure for managing finances.