What was the outstanding balance on the Focus Cfo line of credit at December 31, 2023?
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 total amount of the line of credit available to Focus Cfo is $250,000. However, as of December 31, 2023, there was no outstanding balance on this line of credit. This means Focus Cfo had the full $250,000 available if needed.
For a prospective franchisee, this indicates that Focus Cfo has been able to manage its finances without needing to draw upon its line of credit. This could be a sign of financial stability for the franchisor.
It is important to note that while there was no outstanding balance at the end of 2023, this does not guarantee that Focus Cfo will not utilize the line of credit in the future. Franchisees should continue to monitor the franchisor's financial health as part of their ongoing due diligence.