{"section_label":"Financing","section_instructions":"<p>If secured by the hotel(s), please indicate:<\/p>\n<p>An executed deed in the name of the franchisee (or owner) along with proof of insurance as required by the Franchise Agreement and the standards must be received by Franchisor prior to its execution of the Franchise Agreement.<\/p>\n<p>Please submit current financial statements, including the most recent audited financial statement and the most recent quarterly financial statement for the proposed franchisee and its general partner(s), managing member(s) or principal shareholder(s). If the franchisee has more than one level of ownership in its ownership structure, please also provide the most recent quarterly financial statement for the ultimate owners of the general partner(s), managing member(s) or principal shareholder(s) of franchisee.<\/p>\n<p>We require the franchisee&rsquo;s principals to guaranty the franchisee's obligations under the franchise agreement. In some cases, we will accept the guaranty of an entity with substantial net worth instead of some or all of the principals of the franchisee. The primary determining factors will be (i) the net worth and liquidity of the proposed guarantor; (ii) the credit history and the operating history of the proposed guarantor; and (iii) the debt structure applicable to the hotel.&nbsp; If you propose an entity to serve as the guarantor, you must submit financial statements for that entity. If such entity is accepted, you will also need to provide the information requested on Form 3 for such entity as an Applicant Entity.<\/p>","section_required":1,"section_sub":0,"section_per_property":1,"section_prints":0,"canada":{"section_label":"","section_instructions":""},"mfid":"mfid60746f41f18bd7.50737090"}