What was the outstanding balance on the Focus Cfo line of credit at December 31, 2024?
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 the 2025 Focus Cfo Franchise Disclosure Document, Focus Cfo 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, 2024, Focus Cfo had no outstanding balance on this line of credit.
This indicates that Focus Cfo did not need to draw upon its line of credit during the 2024 fiscal year. This could be a sign of strong financial management and sufficient cash flow to cover its operational expenses and investments.
For a prospective franchisee, this information suggests that Focus Cfo is not heavily reliant on debt financing, which could be viewed positively. However, it is important for potential franchisees to conduct their own due diligence and assess Focus Cfo's financial health and stability based on a comprehensive review of the FDD and other relevant information.