What schedule contains the promissory notes for Ledgers?
Ledgers Franchise · 2025 FDDAnswer from 2025 FDD Document
| Received | Reference | Name |
|---|---|---|
| ITEM 1-ITEM 23 | Franchise Disclosure Document | |
| EXHIBIT A | State Addendum | |
| EXHIBIT B | Franchise Agreement | |
| Schedule 1 | Territory | |
| Schedule 2 | Minimum Requirements | |
| Schedule 3 | Automatic Bank Draft Authorization | |
| Schedule 4A | Telephone Number Assignment | |
| Schedule 4B | Lease Rider | |
| Schedule 5 | Promissory Notes | |
| Schedule 6 | Release | |
| EXHIBIT C | Financial Statements | |
| EXHIBIT D | State Administrators/Agents for Service of Process | |
| EXHIBIT E-1 | List of Franchisees | |
| EXHIBIT E-2 | List of Former Franchisees | |
| EXHIBIT F | Table of Contents – | |
| Operations Manual | ||
| EXHIBIT G | State Effective Dates | |
| EXHIBIT H | Receipts | |
| Date: | ||
| (Do not leave blank) | Signature of Prospective Franchisee | |
| Print Name |
Source: Item 22 — CONTRACTS (FDD page 46)
What This Means (2025 FDD)
According to Ledgers' 2025 Franchise Disclosure Document, Schedule 5 contains the promissory notes. This schedule is part of the franchise agreement and provides details regarding any financing arrangements or payment plans offered by Ledgers to its franchisees.
Promissory notes are legally binding documents that outline the terms of a loan, including the amount borrowed, interest rate, and repayment schedule. For a prospective Ledgers franchisee, reviewing Schedule 5 is essential to understand the financial obligations and conditions associated with any financing provided by the franchisor.
By examining this schedule, franchisees can assess the feasibility and affordability of the financing options, ensuring they are comfortable with the repayment terms and interest rates. This information is crucial for making informed decisions about investing in a Ledgers franchise and managing their financial commitments effectively.