What is the interest rate charged by Focalpoint Coaching on overdue amounts?
Focalpoint_Coaching Franchise · 2025 FDDAnswer from 2025 FDD Document
| Column 1 | Column 2 | Column 3 | Column 4 |
|---|---|---|---|
| Type of Fee(1) | Amount | Due Date | Remarks |
| Late Fee | 18% of amount owed to us | 15 days after billing | Due on all overdue amounts as an administrative fee to compensate us for our increased costs and expenses. |
| Interest | Lesser of 1.5% per month or highest commercial contract interest rate law allows | 15 days after billing | Due on all overdue amounts. |
Source: Item 6 — Other Fees (FDD pages 14–20)
What This Means (2025 FDD)
According to Focalpoint Coaching's 2025 Franchise Disclosure Document, overdue amounts are subject to interest. Specifically, Focalpoint Coaching charges the lesser of 1.5% per month or the highest commercial contract interest rate the law allows. This interest is applied to all overdue amounts starting 15 days after the billing date.
In practical terms, this means that if a Focalpoint Coaching franchisee fails to pay fees on time, they will incur interest charges. The interest is calculated monthly, and the rate will be the lower of 1.5% or the maximum rate legally permitted for commercial contracts in the relevant jurisdiction. This protects Focalpoint Coaching from potential losses due to late payments and incentivizes franchisees to maintain timely payments.
Franchisees should be aware of these terms to avoid incurring additional costs. It is important to note that in addition to interest, Focalpoint Coaching also charges a late fee of 18% on overdue amounts. Paying invoices promptly is crucial for managing expenses and maintaining a positive financial relationship with Focalpoint Coaching.