Sample Financial Disclosure Document – Item 10: Financing Example
ITEM 10: FINANCING Item Financed Source of Financing Source of Financing Amount Financed Term (Yrs) Interest Rate Monthly Payment Prepay Penalty Security Required Liability Upon Default Loss of Legal Right on Default Initial Fee Belmont (note 1) $10,000 10 18% $180 None Personal Guarantee Loss of franchise-unpaid loan Waive notice. Confess judgment Land / Constr…