Who is the lender for the Creative World School promissory note?
Creative_World_School Franchise · 2025 FDDAnswer from 2025 FDD Document
| from the date of this Note at the rate and time later provided, on the balance from time to time | |
|---|---|
| remaining unpaid. The Loan represented by this Note is subject to the terms and conditions of a | |
| CREATIVE WORLD SCHOOL® Franchise Agreement dated | , 201 |
Source: Item 23 — RECEIPTS (FDD pages 80–247)
What This Means (2025 FDD)
The 2025 Creative World School Franchise Disclosure Document does not specifically identify the lender for the promissory note. However, it does state that the loan represented by the note is subject to the terms and conditions of the Creative World School Franchise Agreement.
Without more specific information in the FDD, it is not possible to determine the lender. Prospective franchisees should carefully review the Franchise Agreement and any related loan documents to identify the lender and understand the terms and conditions of the promissory note.
It is essential for potential franchisees to seek clarification from Creative World School regarding the lender and all associated loan terms before making any financial commitments. This due diligence will ensure a clear understanding of the financial obligations and risks involved in purchasing a franchise.