When is the second monthly payment due for the Buildingstars Promissory Note?

According to Buildingstars's 2025 Franchise Disclosure Document, the second monthly payment for the Promissory Note is due after the first full month that the franchisee has provided service to the new customer account. This applies whether the franchisee requests new customer accounts or Buildingstars offers them to the franchisee. The promissory note is used to finance the account sales fee.

For a prospective Buildingstars franchisee, this means that the payment schedule is directly tied to when they start servicing a new customer. The franchisee will not have to make the second payment until a full month of service has been provided to that customer. This could help with cash flow in the initial stages, as it gives the franchisee time to generate revenue from the account before the second payment is due.

It is important to note that Buildingstars may withhold the monthly Promissory Note payments from the amount of billings Buildingstars collects for the franchisee. Also, a default under the Promissory Note is considered a default under the Franchise Agreement, which could lead to termination of the franchise.