Training: The disclosure document will explain franchisor's training and assistance program. Make sure you understand level of training offered.

Advertising: You often must contribute a percentage of your income to an advertising fund even if you disagree with how these funds are used. The disclosure document provides information on advertising costs.

Current and Former Franchisees: The disclosure document provides important information about current and former franchisees. Determine how many franchises are currently operating. A large number of franchisees in your area may mean increased competition. Pay attention to number of terminated franchisees. A large number of terminated, cancelled, or non-renewed franchises may indicate problems.

Earnings Potential: You may want to know how much money you can make if you invest in a particular franchise system. Be careful as earnings projections can be misleading. Insist upon written substantiation for any earnings projections or suggestions about your potential income or sales.

Financial History: The disclosure document provides you with important information about company's financial status, including audited financial statements. Be aware that investing in a financially unstable franchisor is a significant risk; company may go out of business or into bankruptcy after you have invested your money.

Hire a lawyer or an accountant to review franchisor's financial statements. Do not attempt to extract this important information from disclosure document unless you have considerable background in these matters. Your lawyer or accountant can help you understand information.

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The company agrees to hold cheque until your next payday. At that time, depending on particular plan, lender deposits cheque, you redeem cheque by paying amount owed in cash, or you roll-over cheque by paying a fee to extend loan for another two weeks.

A payday loan is very convenient if you find yourself a little short of funds at any time. The most obvious drawback of a Payday Loan is that they can be expensive. The interest rate varies from lender to lender so do shop around to find best deal.

If you decide you must use a payday loan, borrow only as much as you can afford to pay with your next pay cheque and still have enough to make it to next payday.

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