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What's The Best Franchise for
YOU?
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Your New Reality
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Hear industry expert Jeff Elgin speak about the rewards of franchise ownership.
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Overwhelmed?
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THE CLEANING AUTHORITY - FDD UFOC ITEM 10 Detail
ITEM 10 FINANCING
We do not offer direct or indirect financing of your
initial franchise fee. If we grant you an option to purchase additional
territoiyAd.ditijQ^ialJEigailojy, and you exercise your option
under the terms of the Addendum to Franchise Agreement, you will owe us a fee
equal to $1.00 times the number of qualified householdsQuaJifjgdJjous__hojds
in this additional teiriloryAdchfiona]
Texritqry. We may finance this fee for you over a period of up to 2 years.
The payment is amortized over the term of the loan, and you must make equal
weekly payments. We charge an interest rate of up to 6% per annum if we finance
this payment. (See Section 3 of Franchise Agreement Amendment, and Promissory
Note ("Note") attached as Exhibit C to this UFOCDisclosure
Document.) If you are a corporation, partnership, or limited liability
company, we require all of your shareholders, members or partners to sign
personal guaranties. We do not plan on assigning any of our rights to the Note
to a third party, but we reserve the right to do so. If we do assign the Note
to a third party, you may lose all of your defenses against the subsequent
purchaser of the Note. Except for this, we do not offer direct or indirect
financing. We may assist you in negotiating with financial institutions to
obtain financing as part of your initial investment, but we cannot guarantee
financing will be made available to you either by us or by any particular
financial institution. We do not receive any direct or indirect payment for
placing financing. We also will not guarantee any financing you might obtain.
We are listed on the SBA''s Franchise Registry Program.
Under this program, your lender will be able to use an expedited and
streamlined SBA loan processing through the SBA''s Franchise Registry Program, www.franchiseregistry.com.
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THE CLEANING AUTHORITY FDD & UFOC Data
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THE CLEANING AUTHORITY FDD & UFOC ITEM 10
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