What is the required purpose for the proceeds of a Clear Pest Pros promissory note?

According to the 2025 FDD, the proceeds from a Clear Pest Pros promissory note must be used for starting up a Clear Pest Pros franchised business. This means that any funds acquired through a promissory note related to the franchise must be directly invested into the establishment and initial operation of the franchise location.

This requirement ensures that franchisees are using the borrowed funds specifically for the intended purpose of launching their Clear Pest Pros business. It prevents the misuse of funds for unrelated expenses or investments, aligning the franchisee's financial activities with the franchisor's expectations.

This stipulation is a protective measure for both the franchisor and the franchisee. It helps to ensure the financial stability of the new franchise by dedicating the funds to its setup and initial operational costs. Prospective franchisees should carefully consider this requirement when planning their financing and ensure they can adhere to the specified use of funds.