What is the amount of the line of credit that Focus Cfo maintains with First Merchants Bank?
Focus_Cfo Franchise · 2025 FDDAnswer from 2025 FDD Document
unts during the past month that will be paid within 15 days of year end, 2) estimated accrued compensation that will be due on the future collection of accounts receivable balan
Source: Item 23 — Receipts (FDD pages 37–126)
What This Means (2025 FDD)
According to Focus Cfo's 2025 Franchise Disclosure Document, the company maintains a line of credit with First Merchants Bank. The line of credit is in the amount of $250,000. The document also states that as of December 31, 2024, and December 31, 2023, there was no outstanding balance on this line of credit.
This information is relevant to potential franchisees as it provides insight into Focus Cfo's financial stability and access to capital. A line of credit can be used for various business needs, such as managing cash flow, funding expansion, or covering unexpected expenses. The fact that there was no outstanding balance on the line of credit for the past two years could indicate that Focus Cfo is managing its finances effectively.
Prospective franchisees should consider this information in conjunction with other financial data provided in the FDD, such as revenue, expenses, and profitability, to get a comprehensive understanding of Focus Cfo's financial health. It's also advisable to inquire about the terms and conditions of the line of credit, including interest rates, repayment terms, and any associated fees, to assess its potential impact on the company's financial performance.